The Medicare levy has been increased by 0.5% to help fund the government’s National Disability Insurance Scheme, known as DisabilityCare Australia. This will take the Medicare levy from 1.5% to 2% of taxable income from 1 July 2014. Under the changes implemented by the government, low income earners continue to receive relief from the Medicare levy … Continue reading Medicare Levy Increase To Fund DisabilityCare Australia