debt clock still ticking, page-58

  1. 13,958 Posts.
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    "Sweden's tax revenue per GDP is now under 45% and dropping. Australia's is over 32% and increasing."

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    Ok. Well a small Sweden and a big Australia is comparing apples n oranges but oh well.

    Every 1% tax per GDP equals $10 billion in Oz.

    So, if Australia had Sweden's tax rate per GDP, our tax take would be $450 billion, compared to current $320 billion.

    All things being equal, an $130 billion of tax each year would see us paying off our debt in um like 2 years.



 
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