It is possible to run Australia on a budget of $169 billion per year collected from income tax only.

By Andrew Mackinnon

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.

If there was only income tax in Australia at a flat rate of a maximum of 20% on all income earned, then the maximum taxation revenue the Australian federal government would raise in one year is 13 million x $65,000 x 0.20, which equals $169,000 million or $169 billion. Read more...

The only tax should be income tax.

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. Read more...