Here is a current list of taxes that can be levied by government on individuals residing in this country:
- Airline Fuel Tax
- Airport Access (taxi) Tax
- Airport Departure Tax (Passenger Movement Charge)
- Alcohol Excise
- Boat License Tax
- Boat Mooring Tax
- Capital Gains Tax
- Cigarette/Tobacco Excise
- Council Rates (including rated land value tax)
- Customs Duties
- Development Tax (on improvements to properties owned by individuals)
- Dog/Cat Registration Tax
- Fishing License Tax
- Goods and Services Tax
- Insurance Tax
- Land Tax
- Landlord Tax (level and type varies across jurisdictions)
- Luxury Car Tax
- Marriage License Tax
- Medicare Levy
- Medicare Levy (additional component for those without private health cover)
- National Park Access Fees
- NDIS Levy
- “One Off” Levies such as Gillard’s Qld Flood Levy
- Parking Tax
- Personal Income Tax
- Personal Income Tax – Deficit Levy
- Petrol Excise
- RET/Green Levies on Electricity
- Road Tolls
- Shooting License Tax
- Stamp Duty on Property Purchases
- Superannuation Tax
- Utilities Tax (including charges on electricity, gas, water and telephone/internet)
- Vehicle License Tax
- Vehicle Purchase Tax (stamp duty)
- Vehicle Registration Tax
- Wine Equalisation Tax
These are the taxes that I know of, although not included for example, are taxes on gambling – which for the purposes of this piece, shall be treated as an entirely voluntary tax, similar to speeding fines.
If anyone knows of any taxes applicable to individuals that have been omitted, please feel free to point them out in the comments, barring of course, taxes paid by individuals operating a business.
The “incidence” of these taxes falls directly on the taxpayer. What is also important to consider is the indirect incidence of the myriad taxes (not to mention regulatory costs) that are imposed on businesses, which serve to drive up costs for consumers – that is, the producer passes on most if not all of these taxes directly onto the consumer.
Of the taxes identified above, income tax and the GST would probably constitute the most significant imposts on individuals year to year. Obvious exceptions would include the purchase of a property, meaning a stamp duty slug that may be the equivalent of an individual’s yearly income tax bill (which is then defrayed over the period of ownership of the property). Incidentally, I would argue that property stamp duty is a de facto CGT on an individual’s home, paid up front, as opposed to when the property is sold.
What infuriates me the most about the list above (apart from the sheer number of taxes) is that we are constantly and incorrectly, lectured by various leftist dunderheads that “Australia is a low tax country”.
I defy anyone to calculate their actual total annual tax bill based on the inclusion of all the taxes that might be incurred above and then still agree with that leftist assertion in the previous paragraph.
I’d also be interested in hearing from commenters who may have had a go at calculating their actual tax burden as a percentage of their gross income, as opposed to for example, just their personal income tax rate. Needless to say, people would also need to offset these taxes against any government benefits, rebates, etc, that they may receive due to their (often unwilling) membership of the new bought and paid for welfare beneficiary class.
As certain Perfesser might opine, the need for regulatory reform is obvious.