Income Tax Brackets Australia 2025. Foreign property sellers will lose 15 per cent of the sale price to the tax office from january 1,. Note the rates do not include the medicare levy of 2%.
That means your income is taxed in brackets and not at the marginal tax rate. The report, however, noted that merit salary budgets will likely decline to 3.6% in 2025 due to inflation and stabilisation of employee turnover.