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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:


    Net Individual Tax: +6.7%

    Company Tax: -15.0 %

    Superannuation: -46%

    Total Income Tax: -4.0%

    Interest & Dividend Receipts: -29%



    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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