Economy

Tax super movie

Tax super movie

Published on 5 August 2022
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Transcript
00:02
Tax, Super and Me
00:05
Do you use roads?
00:06
Do you need a doctor?
00:07
Do you go to school?
00:11
These are all made possible thanks to TAX!
00:12
Type here
00:12
So, what is tax?
00:14
$500 billion each year!
00:14
Tax is when you get a little bit of you hard earned cash and give it to the government. Since everyone who earns income has to pay tax, the Australian government ends up with around
00:21
So what does the government do with all this money?
00:23
Well, the government uses this money to fund things that are necessary for a fully functioning society.
00:24
00:31
This is Mandy. She’s going to help us learn about super. She used to work at the Australian Taxation Office.
00:37
When you're old and retired, have you ever though about how you would live without the support of making your own money?
00:43
Super is like a little bank that you put a bit of your money in every time you work.
00:49
So, by the time you reach retirement, you have enough money to support yourself.
00:58
Mandy has finished her job. She hopes this short introduction will explain the use of tax, super and how it relates to YOU.