I received a letter in my tax return with this note
"The Australian Government thanks you for your tax contribution for 2017-18. This statement details Australian Government debt levels
and where your personal tax was spent, based on 2018-19 Budget estimates"
It is misleading for the ATO to state that the Government spends the money we pay in tax.
Does the general Ozbargain population agree that the Government spends the money it collects in tax or do they understand that when tax is collected it no longer exists in the monetary system so it is impossible for the Government to spend it.
Odd question but yes our tax pays for a lot of things including national debt. There's certainly huge inefficiencies absolutely everywhere but the same in every country and govt expenditure.
https://www.theguardian.com/australia-news/datablog/ng-inter…
For $100,000 salary, $24,947 is paid in tax (in 2016) of which:
Social security and welfare $8,782
Other purposes $4,935
Health $3,954
Education $1,864
Defence $1,504
General public services $1,255
Transport and communication $616
Other economic affairs $544
Fuel and energy $370
Housing and community amenities $292
Public order and safety $272
Mining, manufacturing and construction $196
Recreation and culture $188
Agriculture, forestry and fishing $173