Taxes up 6.8% per person

The ABS has released the latest statistics on Australian tax up to 2003-04. On average, Australian residents each paid $12,841 in tax in 2003-04, up 6.8% on the previous year. The Commonwealth Government taxation per capita rose by 6.3% from $9,844 in 2002-03 to $10,462 in 2003-04. State and territory governments and local councils charged residents an average of $2,402 a year in property taxes, stamp duty, gambling taxes, payroll and other taxes in 2003-04. This was up 8.8% from $2,206 in 2002-03.

When GST was introduced in 2000/01, tax on goods and services increased by $15,821 million and total taxation increased by $22,437 million. GST was said to be passed over to the States in return for abolishing taxes but State taxes only reduced by $5,216 million that same year. You can view the ABS release at http://www.abs.gov.au/AUSSTATS/abs%40.nsf/mf/5506.0

All FinDem News Items:

News Items by Topic: