The group of Australians being smashed by the biggest tax rise in the WORLD - ... trends now
Working Australians have been smashed by the biggest tax rises in the world's wealthiest countries after Labor allowed key cost of living tax cuts to expire.
Australia's average tax rate increased by 7.6 per cent in the 2022-23 financial year, and was the biggest rise among all 38 nations in the Organisation for Economic Co-operation and Development (OECD).
The hike in taxes saw the average Australian childless taxpayer hand over $24,791 to the government in income taxes.
Personal income taxes now make up 45 per cent of Australian government revenue, with record-high immigration producing more working-age people to tax.
The OECD found Australians are now overall the fourth-highest taxed population among all its members.
Working Australians have been smashed with the rich world's biggest tax increases following the end of relief for low and middle-income earners on Labor's watch (pictured is Brisbane's Queen Street Mall)
The hefty tax burden followed the end of the low and middle-income tax offset in June 2022 that gave relief of up to $1,500 to 10million workers earning up to $126,000.
OECD secretary-general Mathias Cormann was Liberal finance minister in Malcolm Turnbull's government when the low and middle-income tax offset debuted in 2018.
In his final Budget, former Liberal treasurer Josh Frydenberg in March 2022 announced a $420 one-off cost of living relief on top of the existing $1,080 low and middle-income tax offset.
But the overall $1,500 offset expired in June 2022, shortly after former prime minister Scott Morrison lost the election to Labor leader Anthony Albanese.
Treasurer Jim Chalmers declined to extend the Coalition's offset that was due to expire over inflation fears - and this was before the consumer price index hit a 32 year high of 7.8 per cent.
Australia's 7.6 per cent rise in the personal income tax burden was much higher than New Zealand's 4.5 per cent under former Labour prime minister Jacinda Ardern and was even higher than Luxembourg's 5 per cent increase.
The Australian government is particularly reliant on
