Taxation (Budget Measures) Act 2010

71 Schedule 1—Basic tax rates: income tax, ESCT, RSCT, RWT, and attributed fringe benefits: part A, table 1

• (1) Schedule 1, part A, table 1 is replaced by the following:

  Table 1

  Row	Range of dollar in taxable income	Tax rate
  1	$0 – $14,000	0.1150
  2	$14,001 – $48,000	0.1925
  3	$48,001 – $70,000	0.3150
  4	$70,001 upwards	0.3550
  How to use this table:Find the range in the second column for each dollar in the person's taxable income, and apply the relevant rate for the dollar in the third column.

  (2) Schedule 1, part A, table 1 is replaced by the following:

  Table 1

  Row	Range of dollar in taxable income	Tax rate
  1	$0 – $14,000	0.105
  2	$14,001 – $48,000	0.175
  3	$48,001 – $70,000	0.300
  4	$70,001 upwards	0.330
  How to use this table:Find the range in the second column for each dollar in the person's taxable income, and apply the relevant rate for the dollar in the third column.