This is where the money is going oorain.
Welfare budget costing $5000 a head
THE average single worker is now paying more than $5000 a year in tax - or nearly $100 a week - to fund the nation's growing welfare budget.
And a bigger tax slice of the weekly paypacket is going towards paying the interest bill on the nation's record $143 billion net debt.
An analysis of the federal budget by the Tax Institute reveals that about 35c in every dollar collected by the taxman from the average worker pays for the welfare of others, up from 33.3c.
Tuesday's budget papers show the welfare and social security budget will leap by $4.8 billion to $131.6 billion.
http://www.couriermail.com.au/news/national/welfare-budget-costing-5000-a-head/story-e6freooo-1226351566619
- Forums
- Political Debate
- time to secede
time to secede, page-2
Featured News
Featured News
The Watchlist
NUZ
NEURIZON THERAPEUTICS LIMITED
Dr Michael Thurn, CEO & MD
Dr Michael Thurn
CEO & MD
SPONSORED BY The Market Online