Revealed: The staggering amount working Aussies are now paying in tax

Working Australians are now typically paying more than $18,000 a year in income taxes - with government revenue rising at a much faster pace than population growth.

During the 2022-23 financial year, Prime Minister Anthony Albanese's government collected $278.39billion from personal income taxes.

This made up 45 per cent of the Commonwealth's $618.227billion in revenue. 

The 14.9 per cent annual rise was much steeper than the 2.4 per cent population growth as wages growth boosted tax collections, new Australian Bureau of Statistics data released on Tuesday revealed.

With Australia home to 15.13million taxpayers, that left an average income tax bill of $18,395.

But that was far from the only tax on individuals, with revenue from the health insurance levy rising by 10.2 per cent to $22.273billion. 

Another $4.147billion was collected from fringe benefits taxes on things like a company car.

All up, taxes levied on individuals added up to $304.811billion - or 49 per cent of the federal government's total tax collections. 

The 10 per cent Goods and Services Tax raised another $86.274billion - or 14 per cent of tax collections. 

Companies paid $154.883billion in tax - or a quarter of Commonwealth revenue. 

Treasury's Intergenerational Report in August warned Australians would pay more in personal income taxes unless higher immigration produced more working-age taxpayers to offset the ageing population.

'As the population ages, the personal income tax base is projected to continue to narrow in line with the projected decline in workforce participation,' it said.

'In the absence of policy change, projections show increasing reliance on personal income tax.

'Taxpayers have declined as a share of the total population since peaking in 2005–06 despite a similar employment-to-population ratio.'

Treasury is still expecting personal income tax receipts to grow from 12 per cent of gross domestic product in 2022-23 to a bit above 14 per cent by 2062-63.

Only 12 per cent of Australians aged 70 and over pay income tax, with this group now making up 12.2 per cent of the total population.