Appendix D Lowering taxes for Australians

The Government has delivered $47 billion of tax cuts in our first four years since coming to office. In addition, we have provided further tax cuts as assistance for the cost of living impact of the carbon price from 2012‑13. Even after accounting for the small increase in the Medicare levy in 2014‑15 we will be delivering total tax cuts of around $20 billion a year over the next four years compared to the 2007‑08 tax scales.

Appendix D - Lowering taxes for Australians
Taxable Income ($)	Income Tax Cuts ($)	Income Tax Cuts ($)	Income Tax Cuts ($)	Income Tax Cuts ($)	Medicare levy Increase ($)	Total annual income tax reduction compared to 2007‑08 ($)
	2008‑09	2009‑10	2010‑11	2012‑13	2014‑15	Total annual income tax reduction compared to 2007‑08 ($)
15,000	450	150	0	0	0	600
20,000	450	150	150	600	0	1,350
25,000	450	150	150	503	71	1,182
30,000	450	150	150	303	150	903
35,000	1,050	300	150	303	175	1,628
40,000	1,050	300	450	303	200	1,903
45,000	1,050	300	450	303	225	1,878
50,000	1,000	300	450	303	250	1,803
55,000	800	300	450	303	275	1,578
60,000	600	300	450	303	300	1,353
65,000	600	150	400	303	325	1,128
70,000	600	150	300	253	350	953
75,000	600	150	300	128	375	803
80,000	1,100	150	300	3	400	1,153
85,000	1,100	250	350	3	425	1,278
90,000	1,100	350	400	3	450	1,403
95,000	1,100	450	450	3	475	1,528
100,000	1,100	550	500	3	500	1,653
110,000	1,100	750	600	3	550	1,903
120,000	1,100	950	700	3	600	2,153
130,000	1,100	1,150	800	3	650	2,403
140,000	1,100	1,350	900	3	700	2,653
150,000	1,100	1,550	1,000	3	750	2,903
160,000	1,600	1,750	1,100	3	800	3,653
170,000	2,100	1,950	1,200	3	850	4,403
180,000	2,600	2,150	1,300	3	900	5,153
190,000	2,600	2,150	1,300	3	950	5,103
200,000	2,600	2,150	1,300	3	1,000	5,053
250,000	2,600	2,150	1,300	3	1,250	4,803

41 2013-14 Budget Overview