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How is my income tax spent?

THERE is a lot of data out there and it's almost impossible to make sense of it all. Unfortunately, understanding these numbers is crucial to living your life.

That's where we come in.

Every week we'll be exploring the story that comes out of the numbers, and more importantly, finding out how you can use that knowledge to your advantage.

This week we take a look at last year's budget to give you a clear idea of where your income tax money goes once you've given it to the government.

We've built a handy tool for you to explore the numbers and make your own discoveries easily and quickly.

So do we really pay through the nose to support the unemployed?

Are the government's priorities where you think they should be?

Do you pay more or less tax than our estimates?

Check out Episode 1 of How Do I: Numbers? and use the interactive to find out.

There's been some strong feedback coming off Reddit asking me to include information regarding average taxes versus average benefits. While I am working on that already, here's an overview from Ross Gittins.

Topics:  david stuart Frisky Business income tax interactive kieran salsone opinion tax


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