Marginal tax rate is the highest rate of tax a taxpayer pays on their income. Please see below table for 2018/19 marginal tax rates.
|
Taxable Income |
Tax on this income |
| $0 – $18,200 | Nil |
| $18,201 – $37,000 | 19c for every dollar over $18,200 |
| $37,001 – $90,000 | $3,572 + 32.5c for every dollar over $37,000 |
| $90,001 – $180,000 | $20,797 + 37c for every dollar over $90,000 |
| $180,001 and over | $54,097 + 45c for every dollar over $180,000 |