The Rudd government signed off on a $42 billion dollar stimulus package in February 2009 with hopes of reviving and encouraging long term economic growth in Australia. In the wake of a global recession, Australian tax payers will be getting a tax bonus payment from the government to help struggling low to middle income earners…
Read More Australia’s Economic Stimulus Package – Tax Bonus PaymentI got bored so I decided to create a spreadsheet and a graph to calculate the percentage of income tax, how much you earn after tax and the percentage of tax you’re paying against your pre-tax income. The graph above displays these information with salaries ranging from $10,000 to $300,000. These calculations do not take…
Read More Australian Individual Income Tax Brackets & RatesNew financial year means getting your tax money back. If you’re planning on doing your tax return online, download the e-tax software from the ATO website. Remember to check for updates once you’ve run the software. If you want to find out your individual taxable income, visit the ATO’s individual income tax rates. Here’s some…
Read More Tax Return 2007/2008