Posted by
Sean Limpens in
Uncategorized on
Feb 24th, 2010 |
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Generally, taxpayers whose taxable income exceeds around $17,000 (with some exceptions) are charged a Medicare Levy on their tax return equal to 1.5% of their taxable income.
In addition, the Government charges an additional 1% levy (the Medicare Levy Surcharge) on taxpayers who do not have adequate Private...