How much is the Flood Levy?

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A levy of 0.5 per cent will be applied
on that part of an individual’s
taxable income between $50,001
and $100,000 and a levy of 1.0 per
cent will be applied on that part of
the taxpayer’s taxable income above
$100,000. No levy is payable where
the person has taxable income of
$50,000 or less..


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