Unless you’re dead, unemployed, or a moustache-twirling Monopoly Man, you’re probably paying more tax than you’d like. If you’re wondering where all that withheld money goes, you need to check out this interactive infographic – it breaks down how the government intends to spend $463.3 billion tax dollars in granular detail.
The infographic below was created by The Conversation based on official Budget estimates. As you can see, social security and welfare will receive the lion’s share of tax dollars – a whopping 35.3 per cent of the total. However, before you all start moaning about “dole bludgers”, it pays to drill down further.
The majority of that money actually goes towards assisting the aged, people with disabilities and families with children. Meanwhile, assistance for indigenous Australians amounts to just $2.2 billion: that’s a mere fraction of one percent of Australia’s total tax dollars for 2016-2017.
You can dive deeper into how our tax dollars are spent by clicking on the pie chart segments which are divided into Social Security and Welfare, Health, Education, Defence, General Public Services, Other Purposes, and “All Other Functions”.
[Via The Conversation]