A boom in taxes on personal income, businesses and property fuelled a record $802 billion tax collection by all levels of government combined last financial year.
The average amount of tax per Australian was the highest ever at $29,751, with almost one in three dollars in economic activity directed to government revenue coffers, Australian Bureau of Statistics data show.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
