Appendix D Lowering taxes for Australians

The Government has delivered $47 billion of tax cuts in our first four years since coming to office. In addition, we have provided further tax cuts as assistance for the cost of living impact of the carbon price from 2012‑13. Even after accounting for the small increase in the Medicare levy in 2014‑15 we will be delivering total tax cuts of around $20 billion a year over the next four years compared to the 2007‑08 tax scales.

Appendix D - Lowering taxes for Australians
2008‑09 2009‑10 2010‑11 2012‑13 2014‑15 Total annual income tax reduction compared to 2007‑08
($)
Taxable Income
($)
Income Tax Cuts
($)
Income Tax Cuts
($)
Income Tax Cuts
($)
Income Tax Cuts
($)
Medicare levy Increase
($)
15,000450150000600
20,00045015015060001,350
25,000450150150503711,182
30,000450150150303150903
35,0001,0503001503031751,628
40,0001,0503004503032001,903
45,0001,0503004503032251,878
50,0001,0003004503032501,803
55,0008003004503032751,578
60,0006003004503033001,353
65,0006001504003033251,128
70,000600150300253350953
75,000600150300128375803
80,0001,10015030034001,153
85,0001,10025035034251,278
90,0001,10035040034501,403
95,0001,10045045034751,528
100,0001,10055050035001,653
110,0001,10075060035501,903
120,0001,10095070036002,153
130,0001,1001,15080036502,403
140,0001,1001,35090037002,653
150,0001,1001,5501,00037502,903
160,0001,6001,7501,10038003,653
170,0002,1001,9501,20038504,403
180,0002,6002,1501,30039005,153
190,0002,6002,1501,30039505,103
200,0002,6002,1501,30031,0005,053
250,0002,6002,1501,30031,2504,803