Thursday, August 12, 2010

Joe Hockey's really good idea:

A "tax receipt" that outlines where your money is going:


Some quibbles.

. The ATO hasn't used that logo for years. It was the Coalition that stopped it.

. Listing $80,000,000,000 of government net debt is fine, but why not also list government assets?

. Why not do it as net government debt per taxpayer, a lesser sounding $6350?

. Or as net government debt per person - $3640 ?

It is however, a seriously good idea.



UPDATE: It's not an original idea. HT Joshua Gans

UPDATE 2: It already exisits and has been done better. Grog's Gaumut points to the brilliant  www.taxcheck.com.au:



Check it out. It would have even greater value if it was part of the tax process.


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. A healthy appetite for higher tax

. Debtwatch: How things change

. The Tax Office supercomputer that will never quite be