The Long, Long, Long Long List of Taxes!
Have you ever wondered how many taxes there are in Australia?
The answer might shock you!
Here’s the list. (If I’ve missed some, please let me know in the comments below):
Federal, 80% of all government taxes …
(Federal) Personal Income Tax
(Federal) Company Tax
25% (SME) or 30% (Large) of all company profits!(Federal) Goods and Services Tax
10% on nearly everything you buy!(Federal) Excise Duty on Fuel
50 cents a litre!(Federal) Excise Duty on Alcohol
(Federal) Excise Duty on Tobacco
(Federal) Capital Gains Tax
(Federal) Fringe Benefits Tax
(Federal) Medicare Levy
(Federal) Medicare Levy Surcharge
(Federal) Superannuation Guarantee
(Federal) Superannuation Guarantee Charge
(Federal) Luxury Car Tax
(Federal) Customs Duty
State, 17% of all government taxes …
(State) Payroll Tax
(State) Stamp Duty on Property Transfers
(State) Land Tax
(State) Motor Vehicle Registration Taxes
(State) Stamp Duty on Motor Vehicle Transfer
(State) Stamp Duty on General Insurance Policies
(State) Stamp Duty on Car Insurance Policies
(State) Stamp Duty on Home Insurance Policies
(State) Stamp Duty on Leases
(State) Stamp Duty on Mortgages
(State) Stamp Duty on Hire Purchase Agreements
(State) Stamp Duty on Transfer of Business
(State) Stamp Duty on Transfer of Shares
Local, 3% of all government taxes …
(Local) Council Rates
Which have I missed?
I thought fuel, tobacco and alcohol excise were federal taxes?