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["2.23  Direct Tax Rates and Ratios"]
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[]
[{"$nulls":12},"On personal incomes (a)",{"$nulls":12},"   On company incomes (b)"]
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["1991/92",null,null,{"v":5400,"d":"5 400"},null,null,{"v":22.344358952642178,"d":"22.3"},null,null,{"v":38,"d":"38.0"},null,null,{"v":47,"d":"47.0"},null,null,{"v":50000,"d":"50 000"},null,null,{"v":15.115228197017624,"d":"15.1"},null,null,{"v":19.704620045443068,"d":"19.7"},{"$nulls":4},"39.0",{"$nulls":3},". . ",null,null,{"v":30.824393158988077,"d":"30.8"}]
["1992/93",null,null,{"v":5400,"d":"5 400"},null,null,{"v":22.729263763680432,"d":"22.7"},null,null,{"v":38,"d":"38.0"},null,null,{"v":47,"d":"47.0"},null,null,{"v":50000,"d":"50 000"},null,null,{"v":14.887265619616223,"d":"14.9"},null,null,{"v":19.323532042577067,"d":"19.3"},{"$nulls":4},"39.0",{"$nulls":3},{"v":10,"d":"10.0"},null,null,{"v":31.418726429172207,"d":"31.4"}]
["1993/94",null,null,{"v":5400,"d":"5 400"},null,null,{"v":22.239906126512764,"d":"22.2"},null,null,35.5,null,null,{"v":47,"d":"47.0"},null,null,{"v":50000,"d":"50 000"},null,null,{"v":15.179075268042599,"d":"15.2"},null,null,{"v":19.727782350715263,"d":"19.7"},{"$nulls":4},"39.0",{"$nulls":3},{"v":10,"d":"10.0"},null,null,{"v":29.012207553268194,"d":"29.0"}]
["1994/95",null,null,{"v":5400,"d":"5 400"},null,null,{"v":22.13953488372093,"d":"22.1"},null,null,{"v":34,"d":"34.0"},null,null,{"v":47,"d":"47.0"},null,null,{"v":50000,"d":"50 000"},null,null,{"v":15.523977575277112,"d":"15.5"},null,null,{"v":20.050204414171738,"d":"20.1"},{"$nulls":4},"33.0",{"$nulls":3},{"v":10,"d":"10.0"},null,null,"n.a."]
["1995/96",null,null,{"v":5400,"d":"5 400"},null,null,{"v":22.48359853673958,"d":"22.5"},null,null,{"v":34,"d":"34.0"},null,null,{"v":47,"d":"47.0"},null,null,{"v":50000,"d":"50 000"},null,null,"n.a.",null,null,"n.a.",{"$nulls":4},"33.0",{"$nulls":3},". . ",null,null,"n.a."]
[]
[]
[]
["(a)","No allowance is made for concessional allowances or for Medibank and Medicare levies."]
["(b)","Rates are presented for the financial year in which the tax is normally payable. The rates are levied on taxable income of the preceding year."]
["(c)","Tax rates are those on average weekly earnings for males (without dependants). No allowance for concessional rebates and allowances etc."]
["(d)","The income up to which no income tax is payable for a resident with no dependants. Lower threshholds apply to some tax-payers."]
[null,"From 1993/94 inclusive, a rebate to lower income earners meant that no tax was payable on incomes below $6 151."]
["(e)","The income above which the maximum marginal rate applies."]
["(f)","The ratio of income tax paid to total receipts of the household sector shown in national accounts estimates."]
["(g)","Excludes those household sector receipts which are not normally taxable or the amount of tax payable is minor (eg imputed interest on life"]
[null,"insurance and superannuation funds, personal benefits payments etc.)"]
["(h)","Prior to 1973/74, the first $10 000 of income attracted a lower rate; between 1952/53 and 1970/71 the difference was 10 per cent. Up to 1986/87"]
[null,"inclusive, an additional tax on undistributed income was payable if there was an insufficient distribution of taxable income. To 1951/52 inclusive,"]
[null,"the rate was set at shareholders rates; from 1952/53 to 1986/87, the rate was 50 per cent."]
["(i) ","Prior to 1971/72, the first $10 000 of income attracted a lower rate; between 1953/54 and 1970/71 the difference was 5 per cent. For much of the"]
[null,"period, different rates of tax applied to co-operative, non-profit companies, friendly societies and life insurance companies."]
["(j)","The proporton of the cost of certain new capital expenditure that could be deducted from taxable income (in addition to depreciation)."]
[null,"Adjustments to depreciation rates and \"development allowances\" have also been used from time to time to encourage investment."]
["(k)","The ratio of income tax payable to net operating surplus of the private corporate trading enterprises sector shown in national accounts estimates."]
[null,"In calculating net operating surplus, receipts and payments of interest are excluded. Depreciation estimates are on a historical cost basis up to"]
[null,"1972/73 inclusive, current cost thereafter. See also Table 5.22."]
["(l)","Up to 1986/87 inclusive, company income was taxed in the hands of the company and again in the hands of the shareholder. With full"]
[null,"imputation of company income from the beginning of 1987/88, shareholders could obtain credit for the tax already paid by companies and"]
[null,"taxation of \"insufficient distribution\" of private company income was abolished."]
[]
["Sources:",null,null,"\"Average Weekly Earnings\" (6302.0), Australian Bureau of Statistics, Canberra, quarterly."]
[{"$nulls":3},"\"Labour Report 1968\", Australian Bureau of Statistics, Canberra."]
[{"$nulls":3},"\"Report of the Commissioner of Taxation\", Commissioner of Taxation, Canberra, annual."]
[{"$nulls":3},"\"Budget Statements\", Australian Government Publishing Service, Canberra, annual."]
["Updated 27 August 1996"]