The Budget’s around the corner and income tax is already being debated.
Income tax is easy to calculate. But filing your taxes and sending your dues the ATO is only the beginning. Australians are taxed not only on their earnings but also when they spend and when they save. Sometimes we even pay tax on taxes.
A report published today by the Australian Taxpayers’ Alliance and the Liberal Democratic Party found that Victorians lose approximately 45 per cent of their potential take-home earnings to tax.
Already a subscriber? Log in
Get 10 issues
for $10
Subscribe to The Spectator Australia today for the next 10 magazine issues, plus full online access, for just $10.
- Delivery of the weekly magazine
- Unlimited access to spectator.com.au and app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in