Ato Marginal Tax Rates 2024

Ato Marginal Tax Rates 2024. The undoubted headline of this year’s budget was the cut to personal tax rates, which was initially announced back in january 2024. 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.

Below are the ato tax rates that. Here are some tables setting out the current rates for 2023/24 and 2024/25 and also what that means in terms of tax payable.