How Much is the Medicare levy

The Medicare levy was introduced in February 1984 at 1.00% of assessable income and has been increased as shown in the next table:

From	Medicare Levy %
February 1984	1.00% i.e. 0.416 for 1983-84
December 1986	1.25%
1 July 1993	1.40%
1 July 1995	1.50%
1 July 1996	1.70%
1 July 1997	1.50%
1 July 2014	2.00%

The temporary increase in 1996-97 was to fund the gun buy back scheme.

Flood Levy

The Flood levy applied to assessable income in the 2011-12 year to fund disaster relief:

Taxable Income (TI)	Levy
$0 to $50,000	Nil
$50,001 to $100,000	0.5% x (TI -50,000)
More than $100,000	$250 + 1% x (TI - 100,000)

Budget Repair Levy

The Budget Repair Levy applies from 1 July 2014 for the 2014-15, 2015-16 and 2016-17 years. The levy is payable at the rate of two per cent for each dollar of a taxpayer's taxable income over $180,000.

Pre 1984 Levies

Before 1984 the tax scale itself was adjusted from time to time rather than a separate levy