Finance Your Budget Graphic: how the Government will spend your money
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Graphic: how the Government will spend your money

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This week the Abbott Government announced plans to send out a yearly letter to taxpayers letting them know just exactly how their tax dollars are being spent.

The move was made in a bid for transparency, and to justify the controversial federal budget.

There will be fifteen categories of payments.

If you pay $5000 in taxes per year, this is how your money will be spent.

Break down of tax payments under new budget.
Breakdown of which taxes will be hitting taxpayers hardest under the Abbott Government’s budget.