12million taxpayers with a 300 billion loan, page-65

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    Country Writer,

    This is my last post for the night, so I may have a peek in the liquor cabinet and see what's there.

    Good night and enjoy another scotch.


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    mike68, the companies and businesses employ the workers, the companies and businesses create the cash that goes to tax revenue.

    Which bit of the above do you not understand?

    No companies or businesses equals no tax.

    If not for the companies and businesses there would be no income for the employees.

    For you to think that it is only the individual tax payers who contribute to tax revenue is a major error on your part.

    The individual tax payers only make up part of the contribution to the governments tax revenue.
    If you are still having difficulty in understanding that, I'm afraid I've done all I can and cannot help you anymore.


    I do find it hard to believe that you really cannot see how income can be generated and taxes paid outside the scope of "individual tax payers".


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    ABS Example
    2010-2011

    Enterprises taxation = 18%
    GST revenue = 13%
    Payroll tax = 5%
    Excise and levies = 7%
    International trade = 2%
    Property taxes = 10%
    Gambling taxes = 1%
    Insurance taxes = 1%
    Motor vehicle taxes = 2%
    Other = 1%

    TOTAL = 60% of tax revenue - paid by companies, businesses, and other.

    Individual taxation = 39% = paid by the 12.3 million tax payers.



    At least 23% minimum of company contributions to tax revenue ignored in the 12.3 million figure.


    Income taxes levied on individuals in 2010–11 represented 39% of total taxation revenue.

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    2011-2012 government revenue



 
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