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The original was posted on /r/worldnews by /u/vipinvestor1988 on 2024-06-17 07:13:52+00:00.
102 millionaires paid no tax and the richest and poorest postcodes and occupations revealed
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
Analysis of the data by the Australia Institute and the ABC shows this cohort of affluent taxpayers earned on average $3.8 million each.
“Recently we have seen the controversy around the big consultancy firms and how they go to enormous effort to find and exploit the tax system for their rich clients,” he said.
Western Australia’s Cottesloe and Peppermint Grove, which share the postcode 6011, were also near the top of the list with an average taxable income of $295,283.
The area taking in students studying at The University of Newcastle’s main campus at Callaghan, postcode 2308, earned an average taxable income of $20,878.
Those who are often younger and work in part-time or casual jobs, represented occupations with the lowest average taxable incomes.
But the ATO data shows that the median or middle income, which strips the impact of those with very high and low earnings, was $53,041.
The original article contains 876 words, the summary contains 149 words. Saved 83%. I’m a bot and I’m open source!