Comments by "Valen Ron" (@valenrn8657) on "WOW! American Reacts to Australian Health Care" video.
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@robertblair8395 I'm aware of the Medicare levy surcharge.
Medicare levy surcharge rates and thresholds
The MLS rate of 1%, 1.25% or 1.5% is levied on:
your taxable income
total reportable fringe benefits, and
any amount on which family trust distribution tax has been paid.
The base income threshold (under which you are not liable to pay the MLS) is:
$90,000 for singles
$180,000 (plus $1,500 for each dependent child after the first one) for families.
However, if you had a spouse for the full year, you do not have to pay the MLS if:
your family income exceeds the $180,000 (plus $1,500 for each dependent child after the first one), but
your own income for MLS purposes was $23,226 or less.
If you had a new spouse, or you separated from your spouse, during the year:
you may be liable for MLS for the number of days you were single – if your own income for MLS purposes was more than the single surcharge threshold of $90,000
you may be liable for MLS for the number of days you had a spouse or dependent children – if your own income for MLS purposes was more than the family surcharge threshold of $180,000 (plus $1,500 for each dependent child after the first one).
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