2010 2011 Tax Calculator by xeb97311

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									2010/2011 TAXATION CALCULATOR
How much tax will Australians be paying in the new Financial Year?


    2010/2011 INCOME TAX TIERS
             -               6,000             0%          Enter in your annual salary                $50,000
          6,001            37,000             15%
         37,001            80,000             30%                2010/2011 annual tax                 $8,550 or $712 per month
         80,001           180,000             37%                     average tax rate                  17%
        180,001 +                             45%




    2009/2010 INCOME TAX TIERS
             $0             $6,000             0%                2009/2010 annual tax                 $8,850 or $737 per month
         $6,000            $35,000            15%                     average tax rate                  18%
        $35,000            $80,000            30%
        $80,000           $180,000            38%       If you are earning the same amount, your tax will decrease by
       $180,000 +                             45%          around $300 per annum, $25 per month, or $6 per week.
Excludes Medicare Levy

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Disclaimer: This model is written for the purpose of demonstrating the practical application of financial modelling.
Factors such as superannuation, tax deductions and other allowances have not been taken into consideration.
Please contact your accountant or financial adviser for an assessment of your individual situation.

								
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