2026-27 resident tax rates
| Taxable income | Rate |
|---|---|
| $0 – $18,200 | Nil |
| $18,201 – $45,000 | 15% |
| $45,001 – $135,000 | 30% |
| $135,001 – $190,000 | 37% |
| $190,001+ | 45% |
Plus the 2% Medicare levy (reduced for low incomes). The low income tax offset of up to $700 means people earning up to about $22,866 pay no tax. The 15% rate falls to 14% from 1 July 2027.
FAQ
How much tax do I pay on $95,000 in 2026-27?
About $20,920 – $19,020 income tax plus $1,900 Medicare levy – leaving $74,080.
What is my marginal tax rate on $95,000?
32% (30% plus the 2% Medicare levy).
Sources (checked 6 November 2026): ATO individual income tax rates 2026-27; Medicare levy; low income tax offset.