Tax question

[Windsor220]

Just a quick tax question

For a single person person who earns over 50k and doesnt have private health insurance usually you would have to pay the higher Medicare levy. I remember Rudd saying last year that he was going to raise the 50k limit a bit higher.
Does anyone know if this happened?

[sgt_doofey]

I suggest a perusal of the ATO web site. It has all kinds of tax information!

http://www.ato.gov.au/individuals/co...1/002&st=&cy=1

Originally Posted by ATO Website

You will have to pay MLS for any period during 2008–09 that you or any of your dependants did not have private patient hospital cover and you were:

* a single person with no dependants and had a taxable income for MLS purposes greater than $70,000, or
* a member of a family and the combined taxable income for MLS purposes of you and your spouse (if you had one for the whole of 2008–09) was above the relevant family surcharge threshold shown in the table below.

http://www.ato.gov.au/individuals/co...1/002&st=&cy=1

http://calculators.ato.gov.au/script...2009.xr4&go=ok

[Windsor220]

Ah thats the info I was looking for I couldnt find the exact bit I wanted.

Looks as though they have put it up to 70k. Thats good news.

[MYVYSS]

Originally Posted by Windsor220

Ah thats the info I was looking for I couldnt find the exact bit I wanted.

Looks as though they have put it up to 70k. Thats good news.

But only good news for some.....


So Glad I have PHI otherwise the tax man would be coming for me.....