Sooner or later, the Federal Reserve will have to raise interest rates, and this will affect you and every other investor in the United States. Regardless of when it happens, the Federal Reserve will begin increasing the federal funds rate from its current range of zero to 0.25%.
The current tax-free threshold is $18,200, and the highest marginal rate for individuals is 47%. In addition, most Australians are liable to pay the Medicare levy, of which the standard is 2% of taxable income.he Low Income Tax Offset (LITO) is a tax rebate for individuals on lower incomes. From 1 July 2010 it provides individuals earning less than $30,000 with a tax rebate of $445.
Salary Calculator Australia. This Australian Salary Calculator will show you what your weekly, fortnightly & monthly Income or Net Salary will be after PAYG tax deductions.alary Calculator Australia is updated with 2015-2016 ATO tax rates, but you can also calculate taxes for the previous year, i.e. what income tax is payable based on 2014-2015 ATO tax rates.