New Tax Brackets 2024 Australian. Pay a 16 per cent tax rate on each dollar earned. From july 1 2024, the 37 per cent marginal tax rate was to be abolished for those earning more than $120,000 a year, and the 32.5 per cent tax rate was to be reduced to 30 per cent for.
Here’s how the new tax brackets look at a glance: Use the income tax estimator to work out your tax refund or debt estimate.
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