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estate09

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08/02/24

11:08

Post #: 72300430
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Originally posted by blueballs ↑

Quite difficult to really tell as the article says ...but the figures themselves are correct from that article. As they say it depends on how strong the economy is as to how much tax the govt will genrally bring in

Ie look at the big drop for revenue for labor same time as gfc

Brendan Coates, director of the Grattan Institute's economic policy program, also said tax-to-GDP was affected by factors generally outside the control of the federal government.
"We saw this during the later years of the Howard government during the mining boom where the total federal tax take, as a share of the economy, really spiked due to a surge in corporate profits from high commodity prices," he said.
John Freebairn, a professor of economics at the University of Melbourne, added that the introduction of the GST meant data from before and after July 2000 was not strictly comparable.

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Did you get out of the correct side of the bed this morning?
You are sounding very calm, rationale and informative today.
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