This is how much women stand to save if the GST tax on tampons is abolished.
There’s been a lot of talk about abolishing the Tampon Tax lately. In an exciting development on last night’s Q&A, Treasurer Joe Hockey agreed to lobby the states and territories to make sanitary products exempt from the Goods and Services Tax.
But how much do we actually stand to save?
Listen up, guys: we’re about to do some maths.
A box of tampons, on average, costs about five dollars. A box of pads will set you back another five dollars.
Cost per month: $10
Assuming we go through about a box of tampons and a box of sanitary pads per period, and we have 12 periods a year, we’re looking at $120 a year.
Cost per year: $120
The age when the average woman begins to menstruate is 12 years old, and she’ll normally hit menopause around 52. That’s 40 years of period spending.
Cost per lifetime: $4,800
That’s right. You spend the equivalent of around-the-world-flights, a second-hand car, a whole new wardrobe or half a year’s rent on just NOT BLEEDING EVERYWHERE. Which – need I even say it – is kind of in everyone’s interest.
And that figure doesn’t even take into account pain relief (a necessity), birth control (a necessity) and four family-sized blocks of Cadbury Fruit and Nut per month (a necessity).
More importantly? $480 of that cost is GST.
The bottom line? If the States step up and abolish the GST tax on necessary sanitary items, this will be all of us.