Grim reality for Aussie taxpayers

News.com.au - 22/04
Everyday Aussies are paying a larger proportion of the nation’s tax bill, but there’s a silver lining to the increasing tax burden.

Everyday Aussies are paying a larger proportion of the nation’s tax bill, but there’s a silver lining to the increasing tax burden.

According to the latest figures by the Australian Bureau of Statistics (ABS), taxation revenue for the 2023-2024 financial year largely came from individuals, rather than corporations.

Revenue amounts from personal income tax, the excise on crude oil and petroleum products, land tax, GST, and state taxes including stamp duties on conveyances all went up over the last financial year.

Australians tax bill rises during the 2024 financial year. Picture...
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