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Quiz - who actually pays?
Quiz - who actually pays?
7 May 2015
Test your tax knowledge on who actually pays tax?
What tax has the lowest economic cost?
*
Broad based land tax
Company tax
Stamp duty
True or False: research suggests the burden of company tax ultimately falls on workers.
*
True
False
Personal income tax can reduce incentives to work because:
*
It reduces the reward received for extra work
It reduces the incentives for businesses to employ people
It makes filling in a tax return more complicated
Payroll tax is collected from companies by:
*
The Federal Government
States and Territories
Local government
Personal tax is:
*
An annual fee for living in Australia that everyone must pay, regardless of employment
A direct tax on income
A direct tax on items for personal use
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