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
Child playing at a childcare centre stock image

Commitment to Funding Unveils Decade-Old Childcare Reform Initiative

The federal government has allocated $37 million for childcare reforms designed to…

Historic Breakthrough: Victoria Leads Australia with First Aboriginal Treaty Signing

The signing of Australia’s first treaty with Aboriginal people has been hailed…

Unveiling the Secrets of Australia’s Deepest Lake: A Long-Awaited Discovery

Deeper than the Bass Strait, Lake St Clair is Australia’s deepest lake,…
Missing priest's body found wrapped in plastic in Mexico

Tragic Discovery: Missing Priest Found Deceased and Wrapped in Plastic in Mexico

The body of a priest reported missing in late October outside Mexico…
Molly Ticehurst, who was found dead in the NSW town of Forbes.

Ex-Boyfriend Admits to Murder of Molly Ticehurst: Shocking Courtroom Confession

Daniel Billings, the former boyfriend of Molly Ticehurst, has confessed to her…
Gold Coast teen accused of sharing violent extremist material online

Gold Coast Teen Arrested for Distributing Violent Extremist Content Online: A Deep Dive into Digital Radicalization

A young man from Queensland has found himself in serious legal trouble,…
Dementia

Australia’s Leading Cause of Death Shifts: What You Need to Know in 2023

Dementia, including Alzheimer’s disease, was responsible for more than 17,500 deaths last…

Israel Confirms Identity of Deceased Hostage Repatriated by Hamas

The Israeli military said it received the remains of one of the…

US Government Shutdown Nears Resolution: Key Steps Remaining to Reopen

The longest US government shutdown on record is finally drawing to a…
Nerida Rosenthal pictured in hospital after the birth of her daughter Mia, who was stillborn.

Unveiling Australia’s Stillbirth Crisis: The Stagnant Rates That Demand Urgent Attention

WARNING: This article addresses sensitive topics such as stillbirth and infant mortality.…
'Blob' of ocean could build to tropical cyclone as early as next week

Potential Tropical Cyclone: Ocean ‘Blob’ Poised to Develop Into Storm Next Week

Australia’s first tropical cyclone of the season could reportedly develop as early…

BBC Issues Apology to Donald Trump for Edited Documentary Speech

The BBC has apologised to Donald Trump for editing a speech to…