Tax on our superannuation gets taxed three times - when you earn it, when the super earns income, and when you take it out.
Stamp duty on buying a house - gets paid 3 times for new houses - once for the developer, once for the builder and once for the purchaser.
Stamp duty calculator plus Stamp Duty Inquiries and Land Title Offices
Petrol tax which was supposed to go on fixing up roads but which mostly gets spent on other things.
Medicare levy - 1% of income
Land and water rates, car registration
Bank profits (largely due to the credit bubble), bracket creep, payroll tax (promised to be abolished), stamp duty (massive increases due to the property bubble, also promised to be abolished), tobacco, gambling, tax on super...rate rises (courtesy of the valuer general, thanks to the property bubble), Ansett tax, milk tax, sugar tax, ...it goes on and on and on.
GST to go to the states
In Australia, Federal and State Governments co-operate in many areas where States and Territories are formally responsible, such as education, transport, health and law enforcement. Income tax is levied federally, and debate between the levels of government about access to revenue is a perennial feature of Australian politics.
In July 2000, the Australian Government introduced a new tax system which included a somewhat controversial goods and services tax (GST). The GST has substantially changed Australian Federal/State financial relations. Under the new tax system, States receive all GST revenue, but reduce certain taxes, while the Federal government no longer pays certain financial assistance grants and revenue replacement payments.
The States can spend their share of the GST revenue as they wish, however the amount they receive depends on a complicated formula (known as fiscal equalisation) which sees richer States (such as NSW, Victoria and Western Australia) subsidise poorer states.
Mark Latham speech on foreign debt (2003?)
Google: Subject: Latham's top hits (or funding Costello's 'surplus' with your credit card)
"Last week's national accounts figures were a wake-up call for the Treasurer—a wake-up call indeed. Some time ago I explained to the House how the dog was asleep on the porch. ... ...and there was a household savings ratio of negative 1.2, which is the lowest on record. What does negative 1.2 mean? It means dissaving—that the Australian people are engaged in dissaving rather than policies produced by the Treasurer to build up Australia's national savings. Indeed, it is the third quarter in a row where the household savings rate has been negative, where the Australian people have been dissaving under the weight of the financial burdens of this government. So what we got in the national accounts last week was economic growth on the credit card driven by debt and dissaving.
That is the way consumption is being funded in this country. It is not sustainable. Is it enough to wake up the Treasurer? No. He still looks as smug and complacent as ever. If those figures cannot wake up the Treasurer, how about he tries this: record foreign debt under Treasurer Costello.
When he came to office in March 1996, foreign debt was $193 billion. In Australia today, foreign debt is $359 billion. When he was in opposition, the Treasurer said, 'You need to humanise all these figures. Let's reduce them to every man, woman and child in Australia'. He wanted to humanise the foreign debt figures.
What is the human reality of foreign debt in Australia today?
When the Treasurer came to office, foreign debt was $10,500 for every man, woman and child in Australia. Today it is over $18,000. ... We also have record household debt.
The Treasurer boasts about reducing government debt, but it is a pea and thimble trick. All he has done is transfer the burden of debt to households—to household debt, credit card debt and foreign debt. He has moved the debt on to other people and other institutions. So we have record household debt. When the Treasurer was elected in March 1996, it stood at $290 billion. Today it is over $660 billion. ...
I am not the only one ringing the alarm bell. I am not the only one trying to wake up the dog on the porch and get him active in terms of good economic policy. The Reserve Bank of Australia is ringing the alarm bell about the housing cycle of boom and bust. We have statement after statement after statement by the Governor of the Reserve Bank, Ian Macfarlane, saying this boom can go too far and it will have a corresponding correction that is dangerous for the macro economy and dangerous for the Australian economy and the prosperity and wellbeing of the Australian people. So the Governor of the Reserve Bank is warning the Treasurer; the Governor of the Reserve Bank is ringing the alarm bell.
The Treasurer says he supports the Governor, so he should listen to him, listen to these warnings, listen to the alarm bells and take some action to smooth out the housing cycle of boom and bust. If he will not listen to the Governor, he should at least listen to the Deputy Governor of the Reserve Bank, Glenn Stevens, who said last week: 'We have become more concerned that an increasing number of households may be putting themselves in a position of vulnerability. We fear that there would be significant general economic fallout if the economy is subject to some other shock mainly because household consumption could retreat quite quickly'. ...
Why have we got record foreign debt, record household debt, record credit card debt and a record current account deficit—a whole litany of records when it comes to debt and deficit? Why have we got that problem? Why have we got an uncertain economic future? Why do we have a Treasurer who fails to act in smoothing out the housing cycle of boom and bust?
Because the Treasurer has been out there daydreaming about the Prime Minister's job instead of doing his day job. Instead of doing his own job for the benefit of the Australian people, the Treasurer has been daydreaming about the Prime Minister's job. ... We do not have a national savings strategy in Australia. It was promised in 1996. That is the reason why we have so much debt—foreign debt, household debt, credit card debt and a record current account deficit.
This is what the current Treasurer said in 1995 about a record current account deficit at that time. He thought it was a moment in history. He said: 'This is a day on which the Prime Minister should hang his head in shame. This is a day when he should apologise. This is a day on which this will be etched into his political tombstone: the worst current account deficit from the worst Prime Minister in Australian history'. Now this Treasurer, by his own words, by his own description, will have something else etched into his own political tombstone: the worst current account deficit from the worst Treasurer in Australian history. If that is the measure he set in 1995, it is the measure by which he should be judged in 2003.
The Treasurer has pulled the old pea-and-thimble trick: HE HAS
SIMPLY TRANSFERRED GOVERNMENT DEBT TO EVERYONE ELSE. ... With this Treasurer it
is all a matter of smirk and mirrors; his whole economic approach is smirk and
mirrors. ... The record is bad. I could add record taxes—the fact that in this
country the average household is paying an extra $5,000 in income tax compared
with what it paid in 1996, and the average household is paying an extra $8,000
in federal taxes. Since 1996 the Treasurer has been on a spending spree, and he
has recorded on his CV `the highest taxing Treasurer in Australia's
"Why has the British Conservative party been dead in the
water since 1994? ...the Tories lost their supporters because of negative
equity, when voters were left paying off mortgages way higher than their houses
had suddenly become worth. The Australian economy has been driven by the housing
sector of late which makes last Friday's warnings from the Reserve Bank over
house prices and borrowing very, very interesting. Negative equity? Could it
happen here and if so, where would all those aspirational voters in the mortgage
belts of Sydney, Melbourne and Brisbane who have got the Coalition over the line
go? That's something for the Government to consider over Budget
Foreign debt has jumped to an all time high of $362 billion + and that leaves Australia's economy more vulnerable to shocks. The record leaves net foreign debt equal to half the value of the Australian economy each year. Foreign debt has now doubled since the Howard govt was elected in 1996.
.... And Howard owes none of it. Net commonwealth is near zero, and Australia is only one of two countries in the world in this good situation; the other is Singapore. And its not a co-incidence that both Australia & Singapore have "forced retirement savings" policies. The Reserve bank is contemplating what happens when it does not NEED to issue government bonds, which will be the case if Telstra is totally sold off. Foreign debt is mostly private debt, and some state debt. The growth in private debt is due in some part to increases in real estate in the past few years.
Cost of produce in the supermarkets
Farmer Des Jackwitz says the price he's paid for his premium crop of onions is barely enough to get them out of the ground; while we pay $4/kg, he receives only 60c/kg for his crop.
There was a time when farmers could make a good living off the land and healthy, fresh produce was affordable. With the increasing dominance of the big two supermarket chains, produce bargains are harder to find. So how big are the retail mark-ups?
Looking at the prices we pay in the cities for fresh produce, you could be forgiven for thinking farmers are making out like bandits.
But according to farmer and National Party spokesperson Doug Chant, even though supermarket prices have skyrocketed, farmers are being paid less than
So what sort of mark-ups are we talking about?
A 1kg bag of potatoes costs around $3 in the supermarkets but believe it or not, spud farmers such as Andrew Bone sell those very same potatoes to the supermarkets for just 30c/kg - that's a mark-up of 1,000 per cent.
Deregulation of the Dairy industry forcing costing farmers
"Taxation bites as fewer paying more" - April 16, 2005
Are you one of those who are carrying not only your fair share of taxes, but also paying for the tory tax-bludgers who avoid paying it?
Howard's government are the record highest taxing government in our history. Not only in total dollars, that would rise with an expanding economy, but as a percentage of national product.
But at the same time, tory tax policy provides the biggest outbreak of tax-bludgers since Bottom of the Harbour schemes hit their peak while Howard was treasurer under Fraser!
20% of those filling in Tax returns pay NO TAX AT ALL.
Many of these are among the richest Australians.
So when Howard Costello and Abbott say, "Ooops, we can't manage simple costings, and although we can always find an extra billion dollars in handouts to Private Health scams, we hate Medicare and won't fund it despite giving Ironclad guarantees to do so" then just remember, the other side of economic management which the tories mishandle is their income; tax receipts
"Tax breaks from negative gearing have almost doubled in just four years, wiping almost $2 billion off tax revenues in 2002-03 as a shrinking number of taxpayers paid a record level of tax.
Tax statistics released yesterday show one in five people filing tax returns in 2002-03 ended up paying no tax at all, a rise of more than 250,000 or 15 per cent in just three years."
Australia under the tories, a tax bludgers haven.
"The total tax take soared in 2002-03 to a record $87.8 billion, on provisional figures. Separate figures released yesterday by the Bureau of Statistics estimate that final income tax collections are likely to rise to $91.5 billion for that year and $99 billion for 2003-04."
More tax from a smaller proportion of tax donkeys, you and me, while the tory tax bludgers avoid their share.
"That is despite the rapidly rising cost of negative gearing, which the tax statistics show has now taken over the rental property market. By 2002-03, 60 per cent of all rental property owners were declaring losses on their tax returns, and the size of the losses claimed had almost doubled in four years to $4.6 billion."
The very same policy that gives people who own multiple properties tax breaks, also produces the property inflation which denies many young Australians entry into the home buying market.http://www.geocities.com/mild_colonial_boy/aussie_dream
As with the regressive GST over half of the benefits go to a tiny fraction of Australians, the tory elite, and that means that the rest of us are paying the tax bludgers share;
"With more returns still to come in, and roughly half of negatively geared investors in the top two tax brackets, this suggests that even in 2002-03 the concession was costing other taxpayers $2 billion a year.
The tax statistics show the record tax take is coming from fewer taxpayers. "
As one of them, it amazes me that Australians are so easily distracted by tory lies and deceptions around election time.
"On the provisional figures, the number of people paying tax has shrunk by 185,000 in the past three years, with the average burden on those still paying tax rising 5.2 per cent to top $10,000 for the first time."
Some people give up on decency, and decide that when crooks run the country, 'if you can't beat them join them' but this tory bubble can't last and is destroying our future. Parasites are sucking the life out.
"On the other hand, more than 2 million people now pay no tax, despite earning $13.4 billion of income. "
Some of these people are recipients of tory socialism, welfare that gives handouts to the wealthy, like private Health fund subsidies and baby bonuses to the Murdochs.
"many of those paying no tax appear to be heavy users of tax breaks. Tax-free Australians earned 3.5 per cent of the nation's taxable income, yet claimed 10 per cent of all deductions for tax advice.
The tax-free claimed 20 per cent of all tax offsets for superannuation contributions, 10 per cent of all deductions for investments in the film industry, and 44 per cent of all expenses for landcare. Some of them were also good at losing money. They claimed 34 per cent of tax losses in farming, 52 per cent of all losses claimed by people running other incorporated businesses, and claimed $2.5 billion of tax losses carried through from earlier years.
To help make sure they did not pay tax in 2003-04, some of them also carried forward $3439 million of tax losses and $1337 million of capital losses to set against future tax."
Tax bludgers always do well under Howard, they did well with Bottom of the Harbour, now they are going gangbusters.
Tory Tax Policy:
"Take from him the pound, and give it to him that hath ten pounds" - Lk 19:24
"Unto everyone which hath shall be given; and from him that hath not, even that which he hath shall be taken away from him." Lk 19:26
Tory privatization policy: "Sell it to someone we own"
How to spot a tory:
"I represent tradition - my dad owned the media, as did his dad before him". (Thank god for a fearless and probing media, safely in the hands of a broad based, representative group of plutocrats).
"I represent equity - I've got it in everything"
"I represent incentive - if you give them welfare, they won't work; if you don't give me a tax break & a free licence the project won't work and if your workforce insists on a decent wage - they won't work".
"I represent the nations interest - its 25.6% payable monthly, ..thanks".
March 6, 2005
At last, someone has produced a substantial read which takes a long term view in explaining what is wrong with the Australian economy. Well done to The Age's Tim Colebatch for producing this understandable and well researched piece in Saturday's paper.
Crikey certainly learnt plenty and these are the points we thought were most interesting:
Income tax - started out at 2% ? and was temporary ? back in 19....
A short history of income tax
Overseas (US and Canada)
Why is this not reported in mainstream media? The middle class is
bleeding....and disappearing fast. These statistics, particularly in the amount
of debt on a per capita basis...are far worse than the Great Depression.
Bankruptcy cases continue to break Federal Court caseload
Summary: When one takes into account all the increases in personal income tax, goods and services, property and hidden taxes, Canadians now work six months a year to fill government coffers -- a 55-day jump since 1961. (And you thought slavery was banned!)
[ www.CapitalismMagazine.com ] How can you spot Canadians? They have "Tax me!" stamped on their foreheads. Well, not true -- but it might as well be true.
According to Alexandra Lopez-Pacheco, Canadians are hit with "the
highest income - and profit-tax rates in the industrialized world as a percentage
"When one takes into account all the increases in personal income tax,
goods and services, property and hidden taxes, Canadians now work six months a
year to fill government coffers -- a 55-day jump since 1961." (And you
thought slavery was banned!)
When the government extorts your money to spend on health care, education, etc., dear taxpayer, it deprives you of making spending-investment decisions with your money.
When you control your money -- your property -- in a free market economy,
companies compete to provide you with the best products and services at the
lowest price. The provider you choose is directly accountable to you -- not the
government. Whatever money you save on one service is available to invest in
your other needs and interests. This entices you to be more productive,
responsible and knowledgeable, and entices providers to be more creative,
cost-efficient and customer-oriented.
1. Taxed to Death, The Financial Post Magazine, February 1999
About the Author: Glenn Woiceshyn is a freelance writer, residing in Calgary. Visit his website at www.capitalism.org/glennw
About taxesncome tax is unconstitutionnal — by Murray Gauvreau
Cuts and tax hikes (Ontario) But good information for all ! — by Louis Even & Yvon Nantel
US 16th Amendment illegal
US economy is unconstitutional and doesn't conform to what the founding fathers had in mind - that it has been hijacked by the corrupt shadow government to serve their own ends.
The 16th amendment
which authorised the collection of income tax is illegal and wasn't properly ratified.