Looking across the nation, new Australian Bureau of Statistics data shows that in the 2017-18 financial year Australians paid more than $41 billion more in taxes than in the 2016-17 financial year.
The research reveals that Australia’s total tax revenue increased by $41.8 billion which means it totalled $529 billion for the 2017-18 financial year, which is up from $487 billion in the previous financial year.
This increase is a result of $32 billion more coming from taxes on income, profits and capital gains and a further $6.4 billion of that growth came from GST.