Marginal Tax Rates 2024 Ato. These changes are now law. The following table summarises the tax rates that apply to residents in 2024/25.
These changes are now law. From july 1 2024, the 37 per cent marginal tax rate was to be abolished for those earning more than $120,000 a year, and the 32.5 per cent tax rate was to be reduced to 30 per cent for.