World

The lists governments ‘have seized to keep you broke’ goes on and on

Sky News host Cory Bernardi says the "list of opportunities" that governments have seized "to keep you broke" goes on and on after the Australian Taxpayers' Alliance crunched the numbers on how much Australians lose in tax every year. 

"As the report points out, calculating income tax is as easy as visiting the ATO website. But Aussie workers are not only taxed on their income but they are also taxed on their spending, their savings, and sometimes even taxed on their taxes," he said.

"A Victorian worker earning the 2019 average income of $63,440 costs their employer an additional $10,000 or so in superannuation, payroll tax, and other benefits. 

"If you build that into the bundle, the total government grab of the $73,000 is more than $40,000 - that's a whopping 55 per cent tax rate.

"You only need to work until the end of July before you stop paying the government. 

"The average smoker coughs up another $5200. If you insure your home you'll pay tax in the form of stamp duties and then pay GST on the stamp duty tax; a tax on a tax.

"Don't get me started on alcohol taxes, defacto wealth taxes built into water and council rates, land tax and levies."

Mr Bernardi spoke to the Australian Taxpayers' Alliance's Emilie Dye about the report.

Sky News host Cory Bernardi says the “list of opportunities” that governments have seized “to keep you broke” goes on and on after the Australian Taxpayers’ Alliance crunched the numbers on how a lot Australians lose in tax yearly.

“As the report points out, calculating income tax is as easy as visiting the ATO website. But Aussie workers are not only taxed on their income but they are also taxed on their spending, their savings, and sometimes even taxed on their taxes,” he stated.

“A Victorian employee incomes the 2019 common earnings of $63,440 prices their employer an extra $10,000 or so in superannuation, payroll tax, and different advantages.

“If you construct that into the bundle, the entire authorities seize of the $73,000 is greater than $40,000 – that is a whopping 55 per cent tax price.

“You solely want to work till the top of July earlier than you cease paying the federal government.

“The common smoker coughs up one other $5200. If you insure your house you’ll pay tax within the type of stamp duties and then pay GST on the stamp responsibility tax; a tax on a tax.

“Don’t get me started on alcohol taxes, defacto wealth taxes built into water and council rates, land tax and levies.”

Mr Bernardi spoke to the Australian Taxpayers’ Alliance’s Emilie Dye concerning the report.

Sky News host Cory Bernardi says the “list of opportunities” that governments have seized “to keep you broke” goes on and on after the Australian Taxpayers’ Alliance crunched the numbers on how a lot Australians lose in tax yearly.

“As the report points out, calculating income tax is as easy as visiting the ATO website. But Aussie workers are not only taxed on their income but they are also taxed on their spending, their savings, and sometimes even taxed on their taxes,” he stated.

“A Victorian employee incomes the 2019 common earnings of $63,440 prices their employer an extra $10,000 or so in superannuation, payroll tax, and different advantages.

“If you construct that into the bundle, the entire authorities seize of the $73,000 is greater than $40,000 – that’s a whopping 55 per cent tax price.

“You solely want to work till the top of July earlier than you cease paying the federal government.

“The common smoker coughs up one other $5200. If you insure your house you’ll pay tax within the type of stamp duties and then pay GST on the stamp responsibility tax; a tax on a tax.

“Don’t get me started on alcohol taxes, defacto wealth taxes built into water and council rates, land tax and levies.”

Mr Bernardi spoke to the Australian Taxpayers’ Alliance’s Emilie Dye concerning the report.

Read Next

Source link

Related Articles

Back to top button