Summary
If you make $3,438,444 a year living in Australia, you will be taxed $1,586,736. That means that your net pay will be $1,851,708 per year, or $154,309 per month. Your average tax rate is 46.2% and your marginal tax rate is 47.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $47, hence, your net pay will only increase by $53.
Bonus Example
A $1,000 bonus will generate an extra $530 of net incomes. A $5,000 bonus will generate an extra $2,650 of net incomes.