Tax Laws Amendment (Personal Income Tax Reduction) Act 2008 (29 of 2008)
Schedule 1 Amendments
Part 3 Amendments having effect from the 2010-11 year of income
Income Tax Rates Act 1986
23 Clause 1 of Part I of Schedule 7 (table)
Repeal the table, substitute:
|
Tax rates for resident taxpayers |
||
|---|---|---|
|
Item |
For the part of the ordinary taxable income of the taxpayer that: |
The rate is: |
|
1 |
exceeds $6,000 but does not exceed $37,000 |
15% |
|
2 |
exceeds $37,000 but does not exceed $80,000 |
30% |
|
3 |
exceeds $80,000 but does not exceed $180,000 |
37% |
|
4 |
exceeds $180,000 |
45% |
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