australian-tax-rate
v1.0.0
Published
return tax rate based on annual income
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australian-tax-rate
return tax rate based on annual income
usage:
npm install australian-tax-rate
var taxRate = require('australian-tax-rate');
//...
var pay = gross*(1 - taxRate(gross));
This is what ATO says about personal tax:
| Taxable income | Tax on this income | | ------------------|--------------------| | 0 – $18,200 | Nil | | $18,201 – $37,000 | 19c for each $1 over $18,200 | | $37,001 – $80,000 | $3,572 plus 32.5c for each $1 over $37,000 | | $80,001 – $180,000| $17,547 plus 37c for each $1 over $80,000 | | $180,001 and over | $54,547 plus 45c for each $1 over $180,000 |
Above as graphs: