Let's Talk Taxes!
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Welcome to the Australian Finance Podcast, a podcast for people who want to learn more about their personal finances and get the most from their money. This series is hosted by Kate Campbell from HowToMoney and Owen Raskovich from Rask Finance.
The Australian Finance Podcast is provided for educational purposes only. The information is general in nature and does not take into account your needs, goals or objectives. What that means is the information does not apply to you specifically. So consider getting the advice of a licensed and trusted professional before acting on the information. Kate, welcome to this episode of the Australian Finance Podcast where we talk tax.
Yes, so the two certainties in life, we've got death and taxes, but today we'll just talk about one of those. But that's a good episode idea for the future.
What's that, death?
Yeah, like what happens to your finances?
Oh, yeah. Okay. Maybe we'll save that for winter next year. But we definitely could. It's probably appropriate. Most people don't talk about it. Anyway, in this episode, we're talking about another fun topic, which is tax. We're going to give you a quick overview and answer why we pay taxes, how we pay taxes, some of the taxes that you'll come across. And I believe, Kate, you're going to kick us off with a lovely story about taxes many, many centuries ago.
Yeah, well, tax collection actually dates back to the very beginning of history and among a couple of other things that I probably won't say here, but they're one of the first recorded jobs in history. So back then, the kings or the pharaohs would collect taxes to build their pyramids and castles and palaces and fund wars and crusades. Yeah. And all sorts of public building projects. So they were quite advanced, some of the societies back then, like the Roman Empire. Babylon. Yeah. So they're massive, massive societies. And they did this by collecting taxes and managing public works and all sorts of things. And funding wars and expanding their empires. So tax collection has been a pretty... early job and um i think it's quite interesting back then because often tax collectors were quite wealthy because no one they'd go off and they'd have to i don't know walk or take a horse or something in between all the uh really remote towns and they could obviously pocket probably quite a bit on the side for sure um but i mean now it's the ato is kind of a faceless beast it is um
So I think you've actually got a story here, right?
Yeah, yeah. So I'm copying this from this website online I found, but they said that during the various reigns of the Egyptian pharaohs, tax collectors were known as scribes.
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