Federal Budget 2017 – Taxpayers earning more than $180,000.00
The 2% Temporary Budget Repair Levy ends on 30 June 2017.
This means that from 1 July 2017, the effective top marginal tax rate for the 30 June 2017-18 income year will be 47% inclusive of the 2% Medicare Levy (down from 49% for the 30 June 2016-17 income year).