Tax

Medicare Levy and Medicare Levy Surcharge (MLS) What is the Medicare Levy? The Medicare Levy is a payment you make to the government every year at tax time. This money is used by the government to fund the public health system – public hospitals, urgent care clinics etc This payment is generally approximately 2% of your […]

Marginal Tax Rates What is it? Income is not taxed at a flat rate in Australia.Marginal tax rates means your income is separated into different brackets – with each bracket taxed different the higher the bracket you are in.This is known as a progressive tax system – you pay progressively higher rates on each portion