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.
UPDATE: Australia Tax Calculator is updated for July 2015 - 2016 tax tables. Please request updates and additional features for the Austrlia tax calculator by leaving a message in the tax forums. The Fortnightly salary calculator, enter your Fortnightly and enter, simple.The salary calculator for 2015 / 2016 Fortnightly Tax Calculations. You can personalise this tax illustration by choosing advanced and altering the setting as required.Changing the advanced tax calculator setting will automatically recalculate your tax deductions based on the latest Australian Tax Tables.lease request updates and additional features for the Austrlia tax calculator by leaving a message in the tax forums. The Fortnightly salary calculator, enter your Fortnightly and enter, simple. The salary calculator for 2015 / 2016 Fortnightly Tax Calculations.