Income tax rates in Australia

Individual income tax rates 2004-05
Tax on this income

$0 – $6,000 Nil

$6,001 – $21,600 17c for each $1 over $6,000

$21,601 – $58,000 $2,652 plus 30c for each $1 over $21,600

$58,001 – $70,000 $13,572 plus 42c for each $1 over $58,000

Over $70,000 $18,612 plus 47c for each $1 over $70,000

From 1 July 2006:
· The 42 per cent threshold will increase again to $70,001.
· The 47 per cent threshold will increase again to $125,000.

For more info visit income tax in australia.