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    Tax Receipt: Level of Australian Government Gross Debt

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    This tax receipt summarizes how an individual's income tax contribution of $23,447 would be allocated based on the 2019-20 Australian government budget. It provides the level of Australian government gross debt for the previous year which was $542 billion, and notes that interest payments and current debt levels are not yet available. The bulk of tax revenue would be spent on welfare programs, health, defense, and education, with the largest allocations going to aged welfare, disability support, families, and unemployment benefits.

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    Tax Receipt: Level of Australian Government Gross Debt

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    27 views1 page
    This tax receipt summarizes how an individual's income tax contribution of $23,447 would be allocated based on the 2019-20 Australian government budget. It provides the level of Australian government gross debt for the previous year which was $542 billion, and notes that interest payments and current debt levels are not yet available. The bulk of tax revenue would be spent on welfare programs, health, defense, and education, with the largest allocations going to aged welfare, disability support, families, and unemployment benefits.

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    Tax Pie 2019-20

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    This tax receipt summarizes how an individual's income tax contribution of $23,447 would be allocated based on the 2019-20 Australian government budget. It provides the level of Australian government gross debt for the previous year which was $542 billion, and notes that interest payments and current debt levels are not yet available. The bulk of tax revenue would be spent on welfare programs, health, defense, and education, with the largest allocations going to aged welfare, disability support, families, and unemployment benefits.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views1 page

    Tax Receipt: Level of Australian Government Gross Debt

    Uploaded by

    V
    This tax receipt summarizes how an individual's income tax contribution of $23,447 would be allocated based on the 2019-20 Australian government budget. It provides the level of Australian government gross debt for the previous year which was $542 billion, and notes that interest payments and current debt levels are not yet available. The bulk of tax revenue would be spent on welfare programs, health, defense, and education, with the largest allocations going to aged welfare, disability support, families, and unemployment benefits.

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    of 1

    TAX RECEIPT

    Our reference: 7116644408443


    MR VINAY KUMAR GOSWAMI
    U 2 7 BUNYA PL 14 July 2020
    WERRIBEE VIC 3030

    Dear MR GOSWAMI
    The Australian Government thanks you for your tax contribution for 2019-20. This statement details Australian Government debt levels
    and where your personal income tax would be spent, based on the 2019-20 Budget. Please note that these figures do not reflect
    recently announced stimulus measures or new debt levels, which will be reflected in the 2020-21 Budget.

    Level of Australian Government gross debt


    This year: not yet available Last Year: $542 billion Interest payments on gross debt this year: not yet available

    Welfare $9,264
    Aged $3,763
    Disability $2,460
    Families $1,995
    Unemployed $584
    Other $462
    Health $4,495
    Defence $2,106
    Education $1,941
    General public services $1,132
    Interest on Government debt $957
    Transport and communication $453
    Fuel and energy $443
    Public order and safety $321
    Foreign affairs, economic aid $321
    Industry assistance $321
    Housing and community $295
    Recreation and culture $223
    Immigration $211
    Other purposes* $964
    *Includes transfers to state and local governments (except for GST) and other economic affairs. Your total tax assessed: $23,447
    Estimates and categories were based on information from the Department of Treasury.

    For more information go to www.ato.gov.au/taxreceipt

    E00000-S00000-F00000

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