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.
By Andrew Mackinnon
Last updated: 3rd January, 2022
The Goods & Services Tax (GST) in Australia is double taxation of income on which income tax has already been paid. The government wasn’t satisfied with the income tax that citizens paid on their earnings. It wanted more. So, on 1st July, 2000, it introduced the GST to tax the income that the citizenry have left after they’ve already paid income tax. This is an attack on the property rights of the citizenry over the income that they earn. The citizenry earn income and are obligated to pay income tax to the government to fund their common needs. One would hope that they have property rights over their remaining income, but no! The government wants more and the citizenry are on the hook for 1/11 in GST of all of the goods and services they purchase with their after-tax income.