The Budget: taxes and spending

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The annual Budget shows how tax revenue is collected and how it will be spent. Explore issues concerning the Budget. Investigate how pressures on the Budget can impact on the type and amount of taxes that are levied.

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  • Fact 8

    In 1910, the Commonwealth Government introduced a land tax to provide for more defence spending and to prepare for the increase in migration. The land tax was chosen to encourage large-scale land owners to subdivide their land and sell it to small-scale settlers.

Tax payable

The amount of income tax required to be paid on a person's taxable income after applying any tax offsets. It does not include the Medicare levy.

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