HSC Together Year 12 Economics: Taxation, Transfer Payments, and Other Assistance

Economics

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Taxation, Transfer Payments, and Other Assistance

Taxation in Australia is progressive, meaning that high income earners not only pay more tax, their marginal income is taxed at higher tax brackets. Transfer payments are payments made by the government to low income earners to ensure their standard of living. Governments also use taxation revenue to spend on public goods which can be of assistance to all households.

Watch the videos to learn about taxation, transfer payments, and other assistance in HSC Economics:

 

 

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