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

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

Related Posts

. A healthy appetite for higher tax

. Debtwatch: How things change

. The Tax Office supercomputer that will never quite be