Table 1: Changes to the personal income tax-free threshold 2012–20
|
2011–15 |
Tax rate |
2016–17 |
Tax rate |
2019–20 |
Tax rate |
|---|---|---|---|---|---|
|
0 –$6,000 |
0% |
0–$18,200 |
0% |
0–$18,200 |
0% |
|
$6,001–$37,000 |
15% |
$18,201–$37,000 |
19% |
$18,201–$37,000 |
19% |
|
$37,001–$80,000 |
30% |
$37,001–$87,000 |
32.5% |
$37,001–$90,000 |
32.5% |
|
$80,001–$180,000 |
37% |
$87,001–$180,000 |
37% |
$90,001–$180,000 |
37% |
|
$180,001 + |
45% |
$180,001 + |
45% |
$180,001 + |
45% |
Table 2: The tax rate applied to different incomes in 2012 compared with 2017
|
Income |
Tax payable |
Difference in tax paid |
Percentage decrease |
|
|---|---|---|---|---|
|
2011 |
2017 |
|||
|
$18,000 |
$1,800 |
0 |
$1,800 |
$100.00 |
|
$35,000 |
$4,350 |
$3,192 |
$1,158 |
$26.62 |
|
$50,000 |
$8,550 |
$7,797 |
$753 |
$8.81 |
|
$85,000 |
$19,400 |
$19,172 |
$228 |
$1.18 |
|
$100,000 |
$24,950 |
$24,632 |
$318 |
$1.27 |
|
$150,000 |
$43,450 |
$43,132 |
$318 |
$0.73 |
|
$180,000 |
$54,550 |
$54,232 |
$318 |
$0.58 |
|
$250,000 |
$86,050 |
$85,732 |
$318 |
$0.37 |
Table 3: Summary of 2017–18 expenses – social welfare payments
|
Type of Assistance |
2016–17 $m |
2017–18 $m |
|---|---|---|
|
Assistance to the aged |
$62,270 |
$64,729 |
|
Assistance to veterans and dependents |
$6,475 |
$6,272 |
|
Assistance to people with disabilities |
$31,721 |
$38,538 |
|
Assistance to families with children |
$36,404 |
$36,936 |
|
Assistance to the unemployed and the sick |
$10,994 |
$10,038 |
|
Other welfare programs |
$1,745 |
$1,737 |
|
Assistance to Indigenous Australians |
$2,210 |
$2,153 |
|
General administration |
$3,879 |
$4,105 |
|
Total social security and welfare |
$155,698 |
$164,059 |
Source: Commonwealth of Australia (2017) Budget 2017–18, Budget Paper No 1, Statement 6, Expenses and Net Capital Investment, 6-24.
Table 4: Contribution of government pensions and allowances to gross household income 2015–16
|
Contribution of government payments to household income |
% |
|---|---|
|
Nil or less than 1% |
51.3% |
|
1% to less than 20% |
14.7% |
|
20% to less than 50% |
9.7% |
|
50% to less than 90% |
8.3% |
|
90% and over |
15.6% |
|
Total |
100.0% |
Source: ABS: 6523.0 – Household Income and Wealth, Australia, 2015–16
Table 5: Gross weekly household income by quintile[1] (2015–16)
| Income source and taxes |
Lowest |
Second |
Third |
Fourth |
Highest |
Average |
|---|---|---|---|---|---|---|
|
Private income |
$258 |
$746 |
$1,539 |
$2,491 |
$5,213 |
$2,046 |
|
Social welfare payments |
$338 |
$355 |
$202 |
$111 |
$66 |
$215 |
|
Gross income |
$596 |
$1,101 |
$1,741 |
$2,603 |
$5,281 |
$2,261 |
|
Taxes on income |
$3 |
$51 |
$206 |
$443 |
$1,275 |
$395 |
|
Disposable income |
$593 |
$1,050 |
$1,536 |
$2,160 |
$3,984 |
$1,863 |
Source: ABS, 6523.0 – Household Income and Wealth, Australia, 2015–16
[1] To analyse the way that income is shared across households in Australia, households are ranked from lowest to highest income or wealth and then divided into 5 equal groups with 20% of the population in each group (quintiles).
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