Rich Aussies get bigger GST benefit than the poor
THE poorest Australians are spending three times more of their disposable income on the GST than the richest in the country, a new report shows.
A new GST report released on Thursday by the independent Parliamentary Budget Office showed households in the lowest "income decile" spent about 12% of their disposable income on the GST, compared to about 4% for the highest paid households.
In actual spending, those figures meant the poorest Australians paid about $40 a week on GST, and the wealthiest about $140.
It also showed the wealthiest families got the biggest GST tax breaks - about $32 a week in concessions - two and a half times the $13 in breaks the poorest received.