FormulaNova said..pweedas said..
But I do agree with the heading premise, even if he can count I seriously doubt he can add up.
They continually shout it out that their budget problems are due to there being less tax collected.
The truth is (and it's readily available for all to check) the total tax take this year is 80 BILLION dollars higher than when they took office. That's 80 BILLION, not million.
And to think that at that time, Julia used to snidely remark that Howards government was "the highest taxing government in Australias history".
It was, but at least with that they could balance the budget, bring in lower tax rates, and leave a surplus of 20 billion dollars in the bank.
Throw them out!
80 Billions dollars higher, yet a lower percentage of GDP. Go figure.
Surely people aren't still denying that a GFC occurred in 2008? Do you think that maybe this does affect the economy?
Taken from
http://www.abc.net.au/unleashed/4427680.html
The tax to GDP ratio has averaged 21.1 per cent of GDP in the five years of the current Labor Government. The highest tax to GDP ratio in those years is for 2012-13 where it will reach 22.2 per cent. Under the Liberal Party-lead Coalition, the Howard government tax to GDP ratio averaged 23.4 per cent over its 12 years in office and never once did it fall below 22.2 per cent. In other words, the tax to GDP ratio under the current government is at a level last seen during the Keating government in the early 1990s and before that, we have to go back to the 1970s to see such a low-taxing government.
The difference between the average tax level of the previous Coalition government and the current Labor Government is 2.3 per cent of GDP. In today's dollar terms, that is around $35 billion per annum in less tax collected by the Labor Government compared with the previous Coalition government. That $35 billion lower tax take is equivalent to around $4,000 per year for every household in Australia.
The budget papers also show that the Howard government was the highest taxing government in Australia's history. In 2004-05 and 2005-06, the tax to GDP ratio reached a record high 24.2 per cent. In addition, there have been only seven occasions where the tax to GDP ratio has been in excess of 23.5 per cent of GDP and all seven were under the Howard government. I didn't do any figuring. i just looked it up. So long as you look up a reputable web site you can generally get a good idea.
So here's what the Australian Bureau of statistics says for the 5 years 2007 to 2012 ;-
Total taxation revenue 262,101. 285,954. 278,363. 267,556. 289,124. 317,888
This shows an increase of 55 Billion for the 5 years to 2012 and I think the year to jusne 2013 will show this as around 80 billion.
As in al things government related which they dont like, they will blow smoke over the whole issue until it looks more like something they do like, with quotes of GDP and percentages and whatever they can find to make the figures appear to mean something other than what they clearly show, which is, the annual tax take is up and has been up on what the last government took in every year they have been in office.
Their problem is that although they knew the previous years under Howard were unusually good boom time years and not likely to continue forever, they dialed in a spending program which could only be sustained provided that the boom times continued.
And even when it became blatently obvious that there was a financial crunch and income was not likely to continue rising at the rate they hoped, they still carried on spending as though it would continue going up. as we all know, it didn't.
They are still doing it even though we are going broke.
I would expect that from teenagers but not from the leaders of our nation.
The money train has stopped. Stop spending what we don't have.
Throw them out.
