Posted by Michael Wonder on 26 Feb 2017
All high earners to pay Medicare levy surcharge under budget proposal
27 February 2017 - All high-income Australians would pay the 1 to 1.5 per cent Medicare levy surcharge under a budget proposal that would raise a breathtaking $4 billion per year, more than six times the net amount saved in the first Turnbull budget.
At present only high-income Australians without private health insurance are made to pay the extra levy.
Extending it to all families earning more than $180,000 per year and all individuals without children earning more than $90,000 per year would raise at least $900 per year more from each high-income Australian with private health insurance, and would offset the removal of the high-income temporary budget deficit repair levy, which expires in the middle of this year.
