| Taxable income (annual) | Maximum possible tax |
| Up to $20,000 | $ 0 |
| $20,000 < $30,000 | $ 350 |
| $30,000 < $40,000 | $ 900 |
| $40,000 < $80,000 | $ 4,300 |
| $80,000 < $160,000 | $ 15,500 |
| $160,000 < $320,000 | $ 42,700 |
| Above $320,000 | $ 42,700 plus 20% of income above $320,000 |
To calculate your income tax at current rates click here
Information summarised from here
Advertisements
Leave a Reply