By Andrew Mackinnon
Last updated: 4th August, 2022
Capital gains tax (CGT) in Australia constitutes less than 10% of all tax revenue collected in Australia by the Australian federal, state and territorial governments.
Tag: Australian federal government
It is possible to run Australia on a budget of $169 billion per year collected from income tax only.
By Andrew Mackinnon
Last updated: 10th August, 2022
As far as I can tell, the number of Australian citizens who submit a tax return in Australia is currently about 13 million and the average taxable income declared on these tax returns is about $65,000.