In this video, I’m going to explain how the Australian Income Tax system works in and how you can easily calculate how much tax you’re going to pay each year on your tax return.

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Income Tax Rates: https://www.ato.gov.au/Rates/Individu...
Income Tax Calculator: https://moneysmart.gov.au/income-tax/...
Medicare Levy Surcharge: https://www.ato.gov.au/Individuals/Me...

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#australia #tax #incometax

⏰ TIMESTAMPS
0:00 - Intro
0:07 - Australian Tax Bracket
1:17 - Tax Bracket Example
2:38 - Medicare Levy & Surcharge
3:42 - Common Misconception
4:23- Calculate Income Tax
4:37 - Income Tax Example 1
5:21 - Income Tax Example 2
6:02 - Income Tax Example 3