Millionaires in Australia are managing a tax bill of $0 | Greg Jericho

Tax stats also once again highlight it is the wealthy who benefit from negative gearing

The release of the latest taxation statistics by the Australian Taxation Office shows the top 10% of taxpayers paid their lowest share of tax since 2005-06 and that the number of millionaires avoiding tax continues to rise.

The statistics also highlight the ongoing gender income gap, with new breakdowns of occupations revealing that men have a higher median salary than women in 90% of all occupations.

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from The Guardian https://ift.tt/2I5T1TO
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