Income Range Comparison
Compare take-home pay across different income levels
See how different salary levels affect your take-home pay. Compare multiple income scenarios side-by-side to understand the impact of tax brackets, Medicare levy and HELP/HECS repayments. Perfect for salary negotiations or career planning.
Income Ranges
Add multiple income amounts to compare take-home pay
Comparison Results
Side-by-side comparison of take-home pay across income ranges
| Annual Income | Income Tax | Medicare Levy | HELP/HECS | Net Annual | Net Monthly | Net Weekly | Effective Rate | Marginal Rate |
|---|---|---|---|---|---|---|---|---|
| $60,000 | $8,788 | $1,200 | - | $50,012 | $4,168 | $962 | 14.6% | 30.0% |
| $80,000 | $14,788 | $1,600 | - | $63,612 | $5,301 | $1,223 | 18.5% | 30.0% |
| $100,000 | $20,788 | $2,000 | - | $76,212 | $6,351 | $1,466 | 20.8% | 30.0% |
Key Insights
Difference: The highest income earns $26,200 more per year than the lowest income, a difference of 52.4%.
Tax Efficiency: As income increases, your effective tax rate increases from 14.6% to 20.8%, while your marginal rate reaches 30.0%.
How to Use This Tool
This calculator helps you compare how different income levels affect your take-home pay. Simply add multiple income amounts to see how tax brackets, Medicare levy and HELP/HECS repayments impact your net income.
Use Cases
- Salary Negotiations: Compare your current salary with a potential new offer to see the real difference in take-home pay.
- Career Planning: Understand how promotions or pay rises will affect your net income after tax.
- Tax Planning: See how moving into a higher tax bracket affects your effective tax rate.
- Budget Planning: Compare different income scenarios to plan your budget and savings goals.
Understanding the Results
- Net Annual: Your take-home pay after all deductions for the full year.
- Effective Tax Rate: Your average tax rate across all income brackets. This is lower than your marginal rate because of the progressive tax system.
- Marginal Tax Rate: The tax rate on your next dollar of income. This determines which bracket you're currently in.