Let’s Talk Australian Tax!

Did you know, if you pay 25% tax you’re effectively working 3 months (25%) of your year just to pay the Tax Man?

Ugh…

In this episode of The Australian Finance Podcast, Kate & Owen talk taxes, why we pay them, how we pay them and when we pay them.

Topics covered include:

• Income tax
• Capital gains tax
• Company tax
• Franking credits
• Tax deductions
• How to find an accountant
• Private health insurance
• The Medicare Levy

Resources:

• ATO: Tax File Numbers
• MoneySmart: Make Tax Work For You
• MoneySmart: Income Tax Calculator
• The Age: How Our Tax System Works?
• The Age: Interactive Tax Guide
• ATO: History of Tax in Australia
• 340 Pages on the History of the ATO (this actually exists)
• Budget 2018: Where every dollar comes from, and how it’s spent
• History of Ancient Egyptian Taxes

Rask tax tutorials:

• Income tax estimator/calculator
• How income tax works in Australia
• Capital Gains Tax (CGT) explained
• Medicare Levy & Surcharge explained