I think since december it's in the 30 billion range but don't forget companies don't payout 100% of profits, Twiggy's fmg re-invests it's profits in some green crusade, BHP needs to keep cash up it's sleeve for new mines and expansion etc.
I think the % income Aussie government gets as a share of GDP is very high, even looking at it historically it's very high, we use to have it not so long ago at around 24%, we are pushing record %'s of tax revenue for our big spending government at the moment, in 2022 it was 29.6% and it's now well in the 30%'s. If you have a look at the chart you can see taxation revenue has been growing quicker than official inflation and GDP growth since about 2013, the last nine years, this means on a pro-rata basis the government has been extracting more cash through taxes from everyone than the people have been benefitting, on average we keep less of our pay in our pockets and the gov keeps taking more, instead of looking at their ever increasing spending habits.
How come with all the extra tax revenue our government has been getting it still spends all of it and borrows more, what is our government spending it all on, wheres it all going? and the tax revenue has increased further in 23 and will do again in 24 which that graph doesn't show. All the covid spending and handouts to companies and people have ended yet our gov still increasing spending? What on? State debts which is spending above revenue are also ever increasing.
