- Apr 30, 2015
- 14,589
- 26,368
- AFL Club
- West Coast
How much Medicare levy surcharge you will pay
The Medicare levy surcharge (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.
You will not pay the MLS if your income is less than the base income threshold, which is:
- $90,000 for singles
- $180,000 (plus $1,500 for each dependent child after the first one) for families.