From the ABC - The top 1 per cent however (those with an average taxable income of around $548,000) earned 9.2 per cent of total income but paid 17 per cent of the tax. This isn't surprising when you consider that the top 1 per cent earn as much as does the entire bottom 24 per cent.
Obviously completely biased...unlike the Australian
I resolve to ignore you from here on out..you contribute nothing to these forums, if i could block your posts I would - not worth the energy!
Clementine Grace (23-02-2014)
The figures show 99.3 per cent of Australia's millionaires did pay tax in 2010-11 and 98.9 per cent paid a lot: $8.74 billion among them. That 0.1 per cent of taxpayers paid almost 10 per cent of all income tax.
There are always bad apples. You cannot generalise like you did in your previous post.
That is not an accurate statement. It is similar to me saying that those on a disability pension don't have a disability. Most do, but some don't.they pay less income tax than the rest of us due to loopholes regarding investments
I am not saying they don't pay a lot of tax, they do - because they earn a lot. But the average Australian earning an average wage pays 32.5% to 37% tax and the mega rich pay 17%. Hardly seems fair.
It isn't about the amount - it is about he percentage. And I for one, am sick to death of people like Gina Reinhardt - who didn't even "make" her own money - but inherited it and the company - getting a sweet deal at tax time.
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