How much it costs in lost tax revenue for the concessional tax treatment of super… Just $47 billion a year (made up of tax lost on earnings $22.6b, tax lost on e/er contributions $20.5b, tax lost on CGT in super $2.6b, tax lost on personal contribution concessions $1.4b)
How much it costs in lost tax revenue for the CGT Discount… $11.7 billion a year
How much it costs in lost tax revenue for the GST-free treatment of food, education and health… $18.5 billion
And it only costs a mere $800 million in lost tax to allow people to salary package cars.
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