The largest source of Commonwealth government revenue in the 2017/18 budget was
A) indirect taxes like the GST.
B) company tax.
C) non-tax revenue.
D) taxes on individuals such as income tax.
E) taxes on the sale of beer and tobacco.

Question

Quizplus · Accepted Answer

Taxes on individuals, such as income tax, are the largest source of revenue for the Commonwealth government, as they generate the most significant portion of the budget compared to other sources like indirect taxes, company tax, non-tax revenue, and specific taxes on goods like beer and tobacco.

The Largest Source of Commonwealth Government Revenue in the 2017/18