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Cheers - AE

Friday, 31 July 2009

That's the way the money goes.

Via Thoughts On Freedom, a handy website that shows anyone their tax dollars at work in terms of their own approximate tax contributions. Interesting for Aussie tax payers or anyone wanting to compare figures here to elsewhere. It's broken down into quite some detail. Let's say for the sake of argument and simplicity that someone $100,000 income for this tax year - it says they will pay $25,450 in income tax, which will be spent roughly as follows:

$8,157 Social security & welfare
$2,945 Assistance to the aged
$2,207 Income support for seniors
Residential care
Veterans' community care and support
Community care
Mature age income support
Flexible aged care
Allowances, concessions, and services for seniors
Aged care workforce
Other aged care spending
Ageing information and support
$2,211 Assistance to families with children
$1,311 Family Tax Benefit
Parents' Income Support
Child care fee assistance
Baby Bonus payments
Child support
Support for the child care system
Family support
Family relationship services
Other assistance to families with children expenses
Early childhood education
$1,259 Assistance to people with disabilities
$870 Disability support pension
Income Support for Carers
Disability employment services
Services and support for people with a disability
Other assistance to people with disabilities expenses
$663 Assistance to the unemployed and sick
Assistance to veterans & their dependants
Administration expenses
Assistance to Indigenous Australians not specified elsewhere
Other welfare programs

$4,472 Payments to State & Territory Governments
$3,317 Non-earmarked payments to states & territories
National healthcare specific purpose payments
Payments to states & territories for aged care purposes
Payments to states & territories for National Skills and Workforce Development
Payments to states & territories under the National Disability Agreement
Payments to states & territories for child care

$3,010 Health
$1,597 Medical services and benefits
$1,129 Medical benefits schedule
Private health insurance rebate
Veterans' medical benefits
Other medical services expenses
Primary care practice incentives
Medical indemnity
$743 Pharmaceutical services and benefits
$410 Pharmaceutical benefits for Centrelink concession card holders
Pharmaceutical benefits for non-concession card holders
Other pharmaceutical benefits expenses
Pharmaceutical benefits specifically for highly specialised drugs
Repatriation Pharmaceutical Benefits Scheme (for veterans and their dependants)
Essential vaccines
$346 Health services
Hospital services
General health administration
Aboriginal and Torres Strait Islander health
$2.48 Administration expenses
Aboriginal and Torres Strait Islander health
Medical services and benefits
Health services
Pharmaceutical benefits and services
$23 Health care agreements

$2,535 Education
$647 Government schools
Higher education
Non-government schools
Specific school funding (including grants, specific education programs, infrastructure spending)
Payments to students
$177 Tertiary Student Assistance (including AUSTUDY)
Higher Education Loan Program (HELP)
$71 Vocational and other education
$53 National Training System
Adult English Migrant Program
VET Higher Education Loans Program
$54 General administration expenses
$14 School student assistance
Veterans' Children Education Scheme

$1,577 Defence
$1,336 General public services
$428 Financial and fiscal affairs
Foreign affairs and economic aid
$278 Official development assistance
Assistance to PNG and the Pacific Region
Assistance to East Asia (including assistance to Indonesia for tsunami-related reconstruction)
Other foreign affairs and economic aid expenditure
Assistance to Africa, Central Asia, the Middle East, and other regions
International deployment services
Payments to other international organisations
Emergency humanitarian & refugee programs
Other, including AusAID departmental expenses
UN, Commonwealth & other international organisations
Passport services
NGO Volunteer and Community Programs
Consular services
International agricultural research & development
Public Information Services & Public Diplomacy
$230 Government-funded superannuation benefits
General research
$87 Commonwealth Scientific and Industrial Research Organisation
Miscellaneous general research expenditure (including the Australian Research Council and the Australian Institute of Marine Science)
Australian Bureau of Statistics
Australian Nuclear Science and Technology Organisation
$66 Legislative and executive affairs
General services

$1,109 Other purposes
$511 Nominal superannuation interest
Interest payments on public debt
Local government assistance
Contingency reserve
Natural disaster relief

$684 Housing & community amenities
$552 Housing (including the First Home Owner Grant and social housing expenditure)
Environment protection
Urban and regional Development

$632 Fuel and energy
$382 Fuel Tax Credits Scheme (for commercial users of heavy diesel vehicles)
Energy efficiency and climate change Action
Resources related initiatives and management
Energy related initiatives and management
Other fuel and energy expenses
Resources, Energy and Tourism departmental funding for fuel and energy
Cleaner fuels scheme

$616 Other economic affairs
$175 Labour market assistance to job seekers and industry
Other economic affairs not specified elsewhere (including the Export Markets Development Grants Scheme and other industry programs)
Immigration (including settlement services for migrants)
Vocational and industry training (including payments to apprentices and employers)
Industrial relations
Tourism and regional promotion (including Tourism Australia)

$413 Transport and communication
$295 Road transport
Communication (not including the proposed National Broadband Network)
Rail transport
Sea transport (including the Australian Maritime Safety Authority)
Other transport and communication expenses
Air transport (including the Civil Aviation Safety Authority)

$294 Public order and safety
$227 Miscellaneous public order and safety
$102 Australian Federal Police
Australian Customs and Border Protection Service
Australian Security Intelligence Organisation
$66 Courts and legal services

$256 Agriculture, forestry, and fishing
$123 Natural resources development (including water programs in the Murray-Darling Basin)
Rural assistance
General administration
Assistance to fishing, horticulture, and other agriculture
Assistance to the cattle, sheep, and pig industry
Assistance to the grains industry
Assistance to the dairy industry
Assistance to the wool industry
General assistance not allocated to specific industries

$233 Recreation & culture
$109 Broadcasting
$44 ABC Television
ABC Radio
SBS Television
ABC Analog Transmission
Access to digital TV services
Other broadcasting expenses
SBS Digital Transmission and Distribution
Broadcasting and Digital Television
$72 Arts and cultural heritage
$5.04 National Archives of Australia
National Library of Australia
National Museum of Australia
National Gallery of Australia
$26 National estate and parks
Sport and recreation

$126 Assistance to the mining, manufacturing, and construction industries

On top of that apparently you can add $3,999 for the budget deficit. Phew! And on top of that Tax Check says:
Note that income taxation provides only around half of total Federal Government revenue. Other major revenue sources include the GST, corporate taxes, excise taxes, superannuation taxes, tariffs, and so on. Thus total direct and indirect contributions to federal spending could potentially be multiple times higher than the values listed above, especially when an individual’s income is relatively low. In addition, beyond where categories have been distinctly labelled, no attempt has been made to account for independent revenue raising or spending by state or local governments.
Taxation by state governments I suppose, though I understood the GST revenue went to the states anyway. I'll look at this a line at a time and post thoughts in the next few days, but for now I'll just say that the ABC and SBS cost less than I thought.
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