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| Tax Rates 2011-12 | Tax Rates 2012-13 | ||||
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The above rates do not include the Medicare levy of 1.5% (see Guide to Medicare levy for more information).The above 2011-2012 rates do not include the Flood levy (see Flood levy information for individuals for more information). | |||||
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| Guide to Medicare Levy |
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OverviewMedicare is the scheme that gives Australian residents access to health care. To help fund the scheme, most taxpayers pay a Medicare levy of 1.5% of their taxable income. We will work out your Medicare levy.Reduction for people on low incomesYour Medicare levy is reduced if your income is below a certain threshold and in some cases you may not have to pay the levy at all. The thresholds are higher for seniors. If your income is above the thresholds, you may still qualify for a reduction based on your family taxable income.Medicare levy exemptionYou may be exempt from paying the Medicare levy if you're a foreign resident, a resident of Norfolk Island, not entitled to Medicare benefits, or you meet certain medical requirements. If you're entitled to an exemption you need to tell us on your tax return.Medicare levy surchargeYou have to pay the Medicare levy surcharge (MLS) if your income is above a certain threshold and you (or any of your dependants) don't have appropriate private patient hospital cover. The surcharge is in addition to the Medicare levy.ATO Medicare Calculator ( For Income Test & Surcharge purposes ) |