NSW Income Tax Return Rates - How Much Do We Pay?

[Steve500]

AustIncome-Tax:

With current Aust Tax-Rate percentages, say you earn high-wage 500K per year, do you only start paying an income tax return of $54,547 plus 45cents every dollar over $180,000, or on every dollar you earn from $1-500K? Not 45c from the 1st dollar you make?

 

[JS79]

$54,547 plus 45c in every dollar over $180,000.00

 

[Therese]

This link has the answers for 2015-16: Individual income tax rates | Australian Taxation Office