The four functions of the taxation system:

The four functions of the taxation system:
To Raise Revenue: Different types of taxation much up for a large majority for the source of government revenue. Taxation accounts for more than 90% of federal government revenue in Australia.

To Redistribute Income and Wealth: The theory behind this is that people who earn more income pay a higher tax within the dollar to people who earn less income which pay a smaller tax within the dollar. This is so Australia has a smaller income distribution gap between rich and small. One problem with this issue is that once one person earns over a certain amount...