Share this @internewscast.com

Sixty-six millionaires earning more than a billion dollars put together paid no tax last year, according to new data from the ATO.

Highly skilled accountants were able to get their clients out of over $400 million in tax.

Those accountants were paid an average of $219,000 for their services, which was also tax deductible.

Dozens of wealthy Australians were able to pay no tax last year thanks to clever accounting tricks.
Dozens of wealthy Australians were able to pay no tax last year thanks to clever accounting tricks. (iStock)

Data from the Australian Tax Office (ATO) showed that those wealthy tax dodgers made an average of $14.5 million each last year.

The median income in Australia last year was $51,000, and the average Australian paid more than $11,000 in tax.

The report from the ATO showed that just short of half of its revenue came from individual income tax.

Companies paid 22 per cent of tax in Australia, or $107 billion.

Another 15 per cent came from GST, with the balance coming from super funds, excise and various other taxes.

The ATO also released other interesting data about Australian taxpayers.

The richest postcodes in Australia

Revealed: The ten richest suburbs in Australia

Sign up here to receive our daily newsletters and breaking news alerts, sent straight to your inbox.
Share this @internewscast.com
You May Also Like
Natasha Hunt is ready for World Cup duty with England three years after missing out on a call

Natasha Hunt eager to aid England in achieving Women’s Rugby World Cup victory after missing the tournament three years ago.

Natasha Hunt was notably absent from England’s squad for the 2022 Women’s…
Legendary New Zealand-born cinematographer John Bartley died on Sunday in Los Angeles , aged 78

Renowned Hollywood Figure from The X-Files and Lost Passes Away at 78

Legendary New Zealand-born cinematographer John Bartley died on Sunday in Los Angeles,…
Mystery 'gem' spider discovered in Perth bushland

Rare ‘Gem’ Spider Found in Perth Wilderness

A mystery variant of a “gem”-like spider has been found in Perth,…
Ugle-Hagan was seen casually re-entering the nighclub after witnessing a scuffle.

New Footage Places AFL Star at Melbourne Nightclub Shooting Scene

Video evidence has surfaced showing Western Bulldogs player Jamarra Ugle-Hagan at the…
Netanyahu says Israel to begin Gaza ceasefire negotiations

Netanyahu Announces Start of Gaza Ceasefire Talks for Israel

Israeli Prime Minister Benjamin Netanyahu says he will give final approval for…
Two teens charged after second shopping centre stabbing

Two Teenagers Arrested Following Another Stabbing Incident at Shopping Centre

Hours after an elderly man was fatally stabbed, two teens have been…

Application of US visas may now consider ‘Anti-Americanism’ as a factor

US President Donald Trump’s administration says it will assess applicants for work,…
Australian dollars cash currency

Australians May Be Losing Hundreds of Thousands in Retirement Savings Due to Inaction

Almost a third of Australians are potentially forgoing a six-figure sum in…
Counter-terrorism police have charged a second man over an arson attack at the Adass Israel Synagogue in Melbourne.

Another Arrest Made in Melbourne Synagogue Fire Incident

A counter-terrorism investigation team has charged a second man over an alleged…
Man throws hammer at woman's car in road rage incident in Melbourne

Man Hurls Hammer at Woman’s Car During Road Rage Incident in Melbourne

Police are searching for a man who threw a hammer at two…
Gaza

Israeli Forces Advance Towards Gaza City, Aiming to Revive Peace Negotiations

Israeli troops have begun advancing on the outskirts of Gaza City, prompting…

Israel Greenlights Controversial Expansion of West Bank Settlements

Key Points Despite widespread international objections, Israel has greenlit a controversial settlement…