Stephen ARNOLD
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Income Tax Calculator 2006-2008

This spreadsheet calculates the yearly, weekly and fortnightly tax based on yearly taxable income but does not include the Medicare levy.

PLEASE ENTER A TAXABLE INCOME and press TAB

Taxable
Income $ 2008 advantage
p.a. $

2006 SYSTEM 2008 SYSTEM

Results TAX NET INCOME TAX NET INCOME

Yearly

Weekly

Fortnightly

2006 Tax Rate 2008 Tax Rate

Bracket Tax Payable Tax Payable

1 $0 - $6000
NIL $0 - $6000
NIL

2 $6001 - $21600
0 + 15 cents for each dollar over $6000 $6001 - $30000
0 + 15 cents for each dollar over $6000

3 $20001 - $50000
$2340 + 30 cents for each dollar over $21600 $21601 - $63000
$3600 + 30 cents for each dollar over $30000

4 $50001 - $60000
$14760 + 42 cents for each dollar over $63000 $63001 - $95000
$17100 + 40 cents for each dollar over $75000

5 $60001+
$28200 + 47 cents for each dollar over $95000 $95001+
$47100 + 45 cents for each dollar over $150000

For comments & suggestions, please e-mail Steve Arnold.

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Taxable Income $		2008 advantage p.a. $
	2006 SYSTEM		2008 SYSTEM
Results	TAX	NET INCOME	TAX	NET INCOME
Yearly
Weekly
Fortnightly

	2006 Tax Rate		2008 Tax Rate
Bracket		Tax Payable		Tax Payable
1	$0 - $6000 NIL		$0 - $6000 NIL
2	$6001 - $21600 0 + 15 cents for each dollar over $6000		$6001 - $30000 0 + 15 cents for each dollar over $6000
3	$20001 - $50000 $2340 + 30 cents for each dollar over $21600		$21601 - $63000 $3600 + 30 cents for each dollar over $30000
4	$50001 - $60000 $14760 + 42 cents for each dollar over $63000		$63001 - $95000 $17100 + 40 cents for each dollar over $75000
5	$60001+ $28200 + 47 cents for each dollar over $95000		$95001+ $47100 + 45 cents for each dollar over $150000