![]() If you play around with the table, and work your way up the income distribution, you may notice a pattern. Notice how the table tells you how many women and men are in the same group as you. If you have trouble getting your income to show up, try toggling through the page numbers until you see your income. So, for example, for $45,000, type in $45 and the page will reflect that range. Before you get startedĪ quick note on how to use the table: this is powered by a text-search function. Type your taxable income into the "search" box below, and see what it tells you. Now, have a guess of where you think you'll be on the income distribution before you find out.ĭo you think you'll be in the bottom 40 per cent? Below 70 per cent? There's no way you'd be in the top 10 per cent, right? If you're at the "99th percentile", you earned more than 99 per cent, and just 1 per cent earned more than you. You earned more than 50 per cent, and 50 per cent earned more than you. If you're at the "50th percentile," you're bang in the middle. If you're at the "30th percentile," that means you had an annual taxable income higher than 30 per cent of people who were required to pay income tax, while 70 per cent earned more than you. That means it's divided it into 100 equal groups. The ATO has then divided this distribution into "percentiles." The ATO has collected data on 14.68 million individuals, but it's removed 3.62 million non-taxpaying individuals, so this income distribution is based on the annual taxable incomes of 11.06 million individuals who paid income tax. This unique dataset refers to the taxpaying population. It's based on data provided by the Australian Taxation Office for the 2018-19 financial year ( the most recent year for which we have the most complete tax data). How much do you earn?īelow is a searchable table of the income distribution of Australia's taxpayers. It will help you understand how you're faring, compared to other taxpayers in the country. For more information see SuperGuide article How LISTO works (Low Income Superannuation Tax Offset).I'm going to show you something about your income. ![]() LISTO is a refund of superannuation contributions tax payable by low-income taxpayers.LMITO was a temporary tax offset applying between 1 July 2018 and 30 June 2022.Superannuation and tax have many acronyms, and it’s easy to confuse LITO with LMITO (Low and Middle Income Tax Offset) or LISTO (Low Income Superannuation Tax Offset). They were unable to work full time because of a permanent mental or physical disability and got little or no financial support from relatives.They were entitled to a double orphan pension and got little or no financial support from relatives.They were disabled and were likely to suffer from that disability permanently or for an extended period.They were able to get disability support pension or rehabilitation allowance, or someone was able to get a carer allowance to care for them.They had worked full time for three months or more in the current year and are intending to work full time for most or all of the next year and not intending to study full time in the next year. ![]() ![]() If a person under 18 (minor) meets any of the following conditions, they will not have to pay the higher rates of tax:
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