Archive for the ‘Tax’ Category
Wednesday, July 2nd, 2008
2009 financial year officially starts today. What advantage people will be getting from this new financial year ? Tax rate is changed. You will be having extra $19.23 / weekcompare to the previous financial year if you are earining $50,000. If you are earing $60,000, you will be having $11.54 ...
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Saturday, May 31st, 2008
Good news for those who earn more then $50,000!!
Effective July 1, 2008 the Government will increase the Medicare levy surcharge threshold for single from $50,000 to $100,000 and for those who are members of a family from $100,000 to $150,000. Prior to July 1, 2008, the 1% Medicare Levy is ...
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Tuesday, May 13th, 2008
The tax cuts promised in the election were worth $31 billion over three years. The tax cuts will cost A$7.1 billion in 2008/09, A$9.8 billion in 2009/10, and A$13.9 billion in 2010/11.
From 1 July 2008:
the Low Income Tax Offset (LITO) will increase from $750 to $1,200, providing an effective ...
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Wednesday, February 20th, 2008
Are you earning more then $50,000 in a year ? Then you should consider getting a private health insurance. Why so ? Every Australian pays the medicare levy which is 1.5% of their total income. This contributes to the delivery of Australia's Health Care system. For those who earn more ...
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