Updated tax rates and income thresholds from 2020-21
| Income bracket | 2019-20 tax rate | Income bracket | 2020-21 tax rate | Income bracket | 2024-25 onward tax rate |
|---|---|---|---|---|---|
| $0 to $18,200 | 0% | $0 to $18,200 | 0% | $0 to $18,200 | 0% |
| $18,201 to $37,000 | 19% | $18,201 to $45,000 | 19% | $18,201 to $45,000 | 19% |
| $37,001 to $90,000 | 32.5% | $45,001 to $120,000 | 32.5% | ⬇ | ⬇ |
| $90,001 to $180,000 | 37% | $120,001 to $180,000 | 37% | $45,001 to $200,000 | 30% |
| $180,001+ | 45% | $180,001+ | 45% | $200,001+ | 45% |
