Jonis Mahalia

Tax Rates 2024 Ato Rates. That means your income is taxed in brackets and not at the marginal tax rate. From july 1 2024, the 37 per cent marginal tax rate was to be abolished for those earning more than $120,000 a year, and the 32.5 per cent tax rate was to be reduced to 30 per cent for people earning between $45,000 and $200,000.

From 1 july 2024, the tax. To learn more about the nature of the tax cuts and the preceding history go here.