What is the Medicare Levy surcharge?
Medicare Levy is a special tax collected to Australian citizens who earn a certain amount and do not have private health insurance. The purpose of this tax is to encourage such citizens to buy private coverage, which in turn reduces the burden of the Australian Medicare system. Citizens who earn more than a minimum amount and do not have the courage have to pay the Medicare Levy surcharge at a rate of 1 percent of their income. These citizens must also have coverage for all their dependent persons to avoid this fee. One such solution that has often been selected by governments is to penalize richer individuals of a country who do not have health insurance. In Australia, the Medicare Levy surcharge is just such a method, because taxation of taxes highly earned by high -earned people who did not buy private insurance.
Although the limits may change depending on the prevailing economic situation, the minimum since 2010 for JEdnoral earnings for one person in Australia to qualify for the Medicare Levy surcharge was $ 77,000 Australian dollars (AUD). This limit will increase to $ 154,000 for a married couple and all higher earnings that would be made by fees if no private insurance was purchased. In addition, coverage for each dependence of a person or pair is required. After the first child, every subsequent child adds $ 1,500 to each child, which gives a little more freedom for larger families to avoid tax.
Most Australian citizens must pay Medicare tax every year, which since 2010 was 1.5 percent of the taxpayer's income. Medicare Levy, on the other hand, costs 1 percent of income if there is no private insurance. For example, for example, a taxpayer who earned $ 100,000 for a year and had no private health insurance would be forced to pay a $ 1,000 tax tax.
dependent persons include in determining whether a medi surcharge is guaranteedCare Levy, includes spouses, all children under 21 years of age and children under the age of 25 who are still students. All of these limits and rules do not apply if the person or persons in question are in possession of private health insurance. Those who do not have to pay a fee or are subject to controlling Australian tax officials.