The Australian Tax Office

 

      How the ATO Rates
      The Australia Taxation Office (ATO) is by far the most user friendly of all Federal Government Departments. The probable reason for this is because it relies on everyone to be honest enough to pay them the ATO's fair share of their income.

      Pay No More and No Less:
      The ATO  does not want anyone to pay more than he should. In fact, goes to great lengths to provide us with all of the various devices to legitimately minimise our tax.

     ATO's Functions:
     The ATO has two functions:

    (1) to obtain funds to provide Services and Institutions to manage and govern the country:

   (2) to take surplus money out of the economy to reduce inflation.

   Surplus money is that part of PAYG Income or Profits which is not being used to create the  Wealth of our Nation - the Common Wealth of Australia.


   NB.

  For Information on Taxation don't hesitate to check with the Australian Taxation Office Web Site:

       www.taxreform.ato.gov.au

       infoline Ph 13 61 40  

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   A third function it does not have.
   (3) The ATO does not have a mandate to teach (Tax Planning). This is the brief of the State Education Departments or DEET. The Unions of these Government employees forbid the teaching of TaxPlanning. They fear it would lead to employees learning how, thinking Rich, and undermining the Union's authority.

    The ATO does hold seminars, of two to three hours, advising on "Tax Compliance" which is (or should be) manditory for all new Small Business.

 

    Consider:
    Two PAYE Income earners (A & B) are both on $60K /a.

    "A" just wants to have a good time - wine, women and song - taxed $18K. He is further hit by tax on his beer, cigarettes, fuel, new vehicles, and other commodities and services, thus reducing his capacity to cause inflation.

    "B", being smarter, prefers helping to create the Wealth of our Nation. He uses an ATO s221D PAYE Variation to minimise his Tax to Create Wealth. He would create employment for his family and increase their income producing assets.   (QED)

    Both are equal though "B" is more equal than "A" when it comes to TaxPlanning.