Stage 3 tax cuts calculator: See how the new cuts will affect you
www.abc.net.au
Want to know how much you'll benefit from tax cuts coming in July? Use our tax cut calculator to find out.

What are the new stage 3 tax cut brackets?

Here’s how the proposed plan looks at a glance:

  • Earn up to $18,200 – pay no tax

  • Pay a 16 per cent tax rate on each dollar earned between $18,201-$45,000

  • Pay a 30 per cent tax rate on each dollar earned between $45,001-$135,000

  • Pay a 37 per cent tax rate on each dollar earned between $135,001 — $190,000

  • Pay a 45 per cent tax rate on each dollar earned above $190,000

What were they going to be?

Here’s what the previous plan looked like at a glance:

  • Earn up to $18,200 – pay no tax

  • Pay a 19 per cent tax rate on each dollar earned between $18,201-$45,000

  • Pay a 30 per cent tax rate on each dollar earned between $45,001-$200,000

  • Pay a 45 per cent tax rate on each dollar earned above $200,000

  • Arfman@aussie.zone
    1·
    9 months ago

    I’m just hoping we’re not cutting funding away from medical. It’s been 2 years since I’ve been fully bulk billed.