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To: RealMuLan who wrote (19193)	12/21/2004 11:05:44 AM
From: RealMuLan	Respond to of 116555

[Australia should have a real merry Xmas<g>] --"Triple treat delivers $6.3bn Treasury bonanza" Elizabeth Colman and George Megalogenis December 22, 2004 A TRIPLE tax windfall from individuals, companies and higher oil prices has put $6.3billion more than forecast in May into the budget bottom line. Personal income taxes provided $2.37billion in extra revenue , while companies are expected to provide an extra $1.47billion, a 3.7per cent rise from the budget forecast. Higher oil prices are also expected to lift revenue, with the excise duty on crude oil up $230million. But in delivering the mid-year economic forecast yesterday, Peter Costello would not commit to returning the revenue in tax relief, pointing to measures already taken in 2004 and tax cuts planned for mid-2005. "People are paying less tax but more people are paying tax," the Treasurer said. "When you get 180,000 new people paying tax, even though the tax rates are lower, you get more tax. And what is more, you pay less in unemployment benefits." theaustralian.news.com.au