Australia’s extreme reliance on personal income taxes

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By Leith van Onselen

A new report by workplace expert, Conrad Liveris, claims that the Federal Budget has become far too reliant on personal income tax receipts, with the share of Federal Budget revenues from income taxes has grown from 39.7% a decade ago to 47.2% currently, with the dollar increase in taxes from income growing by two-thirds over the same period. From The AFR:

Overall employment has risen by 23.34 per cent in the period, but the 38.91 per cent growth in part-time positions is easily outpacing full-time work growth of 17.39 per cent.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.