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

Ex-Nurse Rajwinder Singh Convicted for 2018 Murder of Toyah Cordingley: Justice Served

Former hospital nurse Rajwinder Singh has been found guilty of murdering Toyah…
Treasurer Dr Jim Chalmers during a press conference at Parliament House in Canberra on Monday 8 December 2025. fedpol Photo: Alex Ellinghausen

Australian Households Face $300 Increase in Expenses

Treasurer Jim Chalmers has confirmed the federal government’s energy bill discount will…

Heartbreak and Flames: Karen’s Journey Through Loss and Resilience

Homes have been destroyed on Tasmania’s east coast, leaving families like Karen…
Tech boss's son announces hostile takeover bid for movie giant

Tech Mogul’s Heir Launches Bold Hostile Takeover of Leading Film Industry Titan

Paramount has directly approached Warner Bros Discovery’s shareholders with an all-cash offer,…
John Lohan died after he was crushed by a tree and suffered a heart attack while fighting a severe bushfire in Bulahdelah on the NSW Mid North Coast on Sunday night.

Tragic Loss: Beloved Veteran Firefighter Dies While Serving Community

Tragedy struck in Bulahdelah on the NSW Mid North Coast as John…
Treasurer Jim Chalmers

RBA’s Rate Freeze: A Lifeline for Cash-Strapped Households in 2023

The Reserve Bank of Australia has spared cash-strapped Aussie borrowers from a…

Family Pays Tribute to Fallen Firefighter John Lohan, Honoring His Bravery and Sacrifice

The family of a man killed while battling bushfires have remembered the…

Cleveland Dodd’s Death in Youth Detention Highlights Systemic Deficiencies in Justice System

Warning: This article contains the name and image of an Aboriginal person…
Sydney, Australia - July 18 2019: An electric vehicle charging station is now available to the public at the iconic Bondi Beach in Sydney's east.

State Implements Hefty $3,300 Fine for Incorrect Parking Violations

Parking the wrong car in an electric vehicle (EV) charging spot could…
How an Olympic snowboarder became one of the FBI's most wanted fugitives

From Olympic Glory to FBI’s Most Wanted: The Unbelievable Journey of a Snowboarding Star

Once a celebrated athlete, Ryan Wedding represented Team Canada at the 2002…
The Louvre hit by embarrassing new blunder

Latest Louvre Mishap: Unveiling the Museum’s Unfortunate Oversight

A water leak at the Louvre in Paris has damaged hundreds of…

European Leaders Rally Behind Zelenskyy: A Pivotal Moment for Ukraine’s Future

Key Points Leaders of Britain, France, and Germany met Ukraine’s Zelenskyy in…