The (actual) amount payable for the Medicare levy.

medicare_levy(income, fy.year = "2013-14", Spouse_income = 0,
  sapto.eligible = FALSE, sato = NULL, pto = NULL,
  family_status = "individual", n_dependants = 0, .checks = TRUE)

Arguments

income

The taxable income. A vector of numeric values.

fy.year

The financial year. A character vector satisfying is.fy.

Spouse_income

The spouse's adjusted income.

sapto.eligible

(logical) Is the taxpayer eligible for SAPTO? See Details.

sato

Is the taxpayer eligible for the Senior Australians Tax Offset?

pto

Is the taxpayer eligible for the Pensions Tax Offset?

family_status

What is the taxpayer's family status: family or individual?

n_dependants

Number of children dependant on the taxpayer.

.checks

Should checks of certain arguments be made? Provided to improve performance when checks are not necessary.

Value

The Medicare levy payable for that taxpayer.

Details

The Medicare levy for individuals is imposed by the Medicare Levy Act 1986 (Cth). The function only calculates the levy for individuals (not trusts). It includes the s 7 Levy in cases of small incomes, including the differences for those eligible for sapto. s 8 Amount of levy---person who has spouse or dependants (though the number of dependants is not a variable in the sample files).

The function does not include the Medicare levy surcharge; it assumes that all persons (who would potentially be liable for it) avoided it.#'

The Seniors and Pensioners Tax Offset was formed in 2012-13 as an amalgam of the Senior Australians Tax Offset and the Pensions Tax Offset. Medicare rates before 2012-13 were different based on these offsets. For most taxpayers, eligibility would be based on whether your age is over the pension age (currently 65). If sato and pto are NULL, sapto.eligible stands for eligibility for the sato and not pto. If sato or pto are not NULL for such years, only sato is currently considered. Supplying pto independently is currently a warning.

See http://classic.austlii.edu.au/au/legis/cth/consol_act/mla1986131/ for the Medicare Levy Act 1986 (Cth).