Freddread

Hi, my partner and I will probably be earning around $70k each and will have to pay for three kids and all the usual expenses associated with family living... What would our tax liabilities be, roughly ?
Thanks.

Rhubarb65

Hi,

see the tax calculator here. 2014 is the latest year:

https://www.ato.gov.au/Calculators-a...ax-calculator/

teza

What visa and whereabouts as all this will effect answers?

Freddread

Hi, normal working visa for NZ family and working. And somewhere in Melbourne...
Thanks.

Buzzy--Bee

Hi, assuming the New Zealander is not "elegible" which most aren't these days then you will be on the TR444 SCV and the TR 461. If so you will be taxed at the usual rates but any money you earn overseas (eg in NZ) will not be taxed in Australia.

Bear in mind that the 461 has to be renewed every 5 years and it and the 444 have no path to PR or citizenship unless you qualify through another method.

BB

ABCD......

2015-2016 Tax Rates for Earners classed as Tax-Resident
Income: $37,001 – $80,000
Tax: $3,572 plus 33c for each $1 over $37,000

Annual Gross of $70,000 =
$14,462 Tax
$ 1,400 Medicare levy
$15,862 Total Deductions

Monthly
$5,833.33 Gross
$1,321.83 Total Deductions
$4,511.50 Net

Freddread

Thanks for that, very helpful..