Levy to apply as follows:
0 - $180,000 Taxable Income 0%
$180,000+ Taxable Income 2% of income in
excess of 180k
Levy to apply for the 2015, 2016 and 2017 years
Expected to impact on approx. 400,000 taxpayers
Combining the TBRL with the increase in medicare levy
from 1.5% to 2% from 1 July 2014 will result in a top
marginal rate of tax of 49% during the 3 year temporary
levy period
