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I assume "Other purposes" is govt kickbacks to mining and gas companies 😬
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this post was submitted on 21 Jul 2023
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Mildly Interesting
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This is for strictly mildly interesting material. If it's too interesting, it doesn't belong. If it's not interesting, it doesn't belong.
This is obviously an objective criteria, so the mods are always right. Or maybe mildly right? Ahh.. what do we know?
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So what they do is take your tax and apportion it over by the Expense and Net Captial Investment Statement in Budget Paper 1 (usually Statement 6).
It's dead simple to do and really helps communicate where your money is going in general terms.
It was a Joe Hockey initiative.
As much as I dislike the man, credit where credit is due, I guess. Then again, it was probably the idea of some mid-level employee whose name will be lost in history.
I thought I read that his original intent was for the breakdown to be less detailed so as to obfuscate the true nature of welfare payments. Then some cheeky ATO staff delivered the more detailed version.