How The Australian Tax System Works in 2025 (Explained in 5 Minutes)

In this video, I'll explain how the Australian tax system works and the types of taxes Australians have to pay in an easy to understand format, all in under five minutes.
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🚨 Disclaimer:
Although I have a Finance degree, I am not a financial advisor, and my comments are for entertainment purposes only. It does not take into account your objectives, financial situation or needs. Please perform your own due diligence when investing your money or seek the advice of a licensed advisor.

#australian #tax #taxreturn

⏰ TIMESTAMPS
0:00 - Intro
0:07 - Income Tax
0:47 - Australia's Progressive Tax System
1:19 - Medicare Levy
1:34 - Medicare Levy Surcharge
2:00 - Capital Gains Tax
2:41 - Worked Example - Calculating Your Income Tax Payable
3:52 - Goods & Services Tax (GST)
4:16 - Superannuation
4:45 - Other Taxes
4:54 - Role Of The ATO