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
Sydney to swelter through more heatwave conditions as nine regions face total fire bans

Sydney Braces for Intense Heatwave as Total Fire Bans Implemented Across Nine Regions

Authorities are on alert with extreme fire danger forecast across a large…
Fans during Splendour in the Grass 2016 on July 22, 2016 in Byron Bay, Australia.

Aussie Music Festivals Face Uncertain Future: Nearly 50% of Australians Suggest Solutions to Save the Scene

Recent feedback from a nine.com.au reader poll indicates a growing demand for…

Judge Demands Accountability After Indigenous Boy’s Name Leaked to 2GB

A NSW judge has extraordinarily called for the employment of the Director…
Bevan Spencer von Einem's lifeless body was carried away from prison.

Justice Served: Infamous Child Killer Bevan Spencer von Einem Dies Behind Bars

Bevan Spencer von Einem, a notorious convicted child murderer, passed away at…

Perth Airport Incident: Man Faces Charges for Disorderly and Aggressive Behavior

A man from Western Australia is scheduled to appear in court today…

FIFA Peace Prize: Unveiling the Controversy Behind Donald Trump’s Historic Selection

The draw for the 2026 World Cup took place in Washington on…
Bevan Spencer Von Einem, guilty of the murder of 15yr Richard Kelvin.

Convicted Child Killer Bevan Spencer von Einem Passes Away in Prison

Bevan Spencer von Einem, a convicted murderer from South Australia, has passed…
The 39-year-old, known as Chrissy, was killed after being attacked by her dog Dexter on Murphy Crescent in Whyalla Stuart after 4pm yesterday.

South Australian Community Mourns Woman Tragically Killed by Pet Dog in Her Home

A tragic incident unfolded north-west of Adelaide, where a woman lost her…
A boat shortly before it is hit by a strike on September 2.

Controversial Double-Tap Strike: Boat’s Destination Clarified Amidst US Speculation

Intelligence gathered by US forces suggests that a targeted boat was intending…

Putin Escalates Tensions with Strong Donbas Threat, Jeopardizing Peace Deal Negotiations

Russian President Vladimir Putin said in an interview published on Thursday that…

FIFA World Cup 2026 Draw: Australia Set to Challenge Host Nation United States in Group Revelations

The 2026 FIFA World Cup draw was as dramatic as the Andrea…
Aussies paying more for private health insurance and getting less

Australians Face Rising Costs and Diminishing Returns in Private Health Insurance

Australians are currently experiencing increased costs for private health insurance while receiving…