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Comments on this blog should never be taken as investment advice


Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

Main ForumLatest Taxation Receipts & Payments

  • The Reserve Bank released the latest taxation receipts and payments of the Federal Government for the month ending 31st January 2011.

    The annual headline deficit jumped from $58 Billion to $62 Billion, putting it nearly on par with the worst annual deficit recorded last September.

    The Annual figures over a 3 year period (Jan 2008 to Jan 2011) are as follows:

    Receipts:

    Net Individual Tax: +6.7%

    Company Tax: -15.0 %

    Superannuation: -46%

    Total Income Tax: -4.0%

    Interest & Dividend Receipts: -29%

    TOTAL REVENUE: +6%

    Payments:

    Defence: +15.9%

    Education: +144%

    Health: +27%

    Social Security & Welfare: +19.5%

    Housing and community: +164%

    Recreation & Culture: +29.7%

    Economic Services: +45%

    General Public Services: +22.4%

    Public Debt Interest: +92.6%

    TOTAL EXPENSES: +40.98%

    Headline Surplus/Deficit: A lot%

    From: $20.4 Billion surplus to: $61.5 billion deficit.

    Michael Cornips

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