Here is the paragraph that discusses the top 1% of taxpayers:
Australian Tax Office statistics show taxpayers with taxable incomes above $264,000 - the top 1 per cent of taxpayers in the financial year ended 2010 - pay about 17 per cent of all income tax - the government's biggest single revenue source - weighing in at about $160 billion this financial year.
The top 10 per cent of taxpayers pay more than 45 per cent of all income tax, while the bottom 35 per cent of taxpayers pay about 5 per cent.
ETA: The author of the article is Adam Creighton, who "was a senior economic adviser to the federal Leader of the Opposition, Tony Abbott, in 2010 and wrote full-time for The Economist in 2009"
Last edited by sky1; 23-02-2014 at 15:43.
I wonder if they deducted the $882 million they had to give back to Rupert and the amount for others? Hehe
These figures are totally meaningless for the purposes of this discussion without, at least, knowing the share of income earned by each of these segments on which the tax is paid.
Why shouldn't they? They have infinitely more than the average person and should pay more than 3 % for Medicare.
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