Marginal Tax Rate

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

 

 

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