Brochure

Chart 1 – Composition of Australian taxes

Note: Percentages may not sum to 100 per cent due to rounding.

Source: ABS, Taxation Revenue, 2012-13

This chart shows the composition of Australian taxes at all levels of government in 2012-13.

Composition of Australian taxes
Tax 2012-13 $m Per cent
Personal income tax 162,993 39
Company tax 77,691 19
Fuel taxes 17,839 4.3
GST 50,313 12
Payroll taxes 20,752 5
Stamp duties and insurance taxes 22,189 5
Land tax and municipal rates 21,744 5
Other taxes 42,252 10
Total 415,775  

Chart 2 – Income taxes as a percentage of total taxation, selected economies, 2012

Note: Income taxes do not include payroll tax or social security contributions. Statistics for non-OECD and OECD countries may not be directly comparable.

Source: OECD, Revenue Statistics; Treasury estimates using IMF; Government Finance Statistics; and Centre for Monitoring the Indian Economy database.

This chart shows income taxes as a share of total taxation of selected economies in 2012.

Income taxes as a percentage of total taxation, selected economies, 2012
Per cent of taxation Company taxes Personal income taxes Unallocated
Denmark 6.3 50.7 4.9
Australia 18.9 39.2 0
United States 10.2 37.7 0
Canada 9.5 36.6 1.1
Singapore 29.3 15.4 0
United Kingdom 8.1 27.5 0
India 22 11.2 0.3
Japan 12.5 18.6 0
Germany 4.8 25.6 0
Korea 14.9 15 0
France 5.6 18 0
China - - 19.8
OECD average 8.5 24.5 0.6

Chart 3 – Estimated cumulative increases in taxpayers in second highest and highest tax brackets, relative to 2014-15

This chart shows the cumulative increases in taxpayers in the second highest and highest tax brackets over the years 2015-16 to 2024-25 relative to 2014-15. By 2024-25 it is expected that approximately three million Australians will move into these two tax brackets.

Estimated cumulative increases in taxpayers in second highest and highest tax brackets, relative to 2014-15
Estimated number of taxpayers Cumulative increase in taxpayers in highest tax bracket (45% tax rate) Cumulative increase in taxpayers in second highest tax bracket (37% tax rate)
2014-15 - -
2015-16 43,000 202,000
2016-17 79,000 338,000
2017-18 133,000 562,000
2018-19 195,000 792,000
2019-20 263,000 1,028,000
2020-21 348,000 1,296,000
2021-22 441,000 1,553,000
2022-23 535,000 1,793,000
2023-24 639,000 2,034,000
2024-25 751,000 2,268,000