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.
You May Also Like
Gianni Infantino entered the Iran locker room to address the players at the World Cup

Inside Gianni Infantino’s Awkward Iran World Cup Locker Room Visit as Two Team Stars Were Detained at US Border

New footage has captured an intensely awkward exchange between FIFA president Gianni…
Viral musician Stephen Sanchez, 23, has cancelled his Australian and New Zealand tour in a lengthy post that takes aim at modern 'pornographic' pop music

Stephen Sanchez Faces Backlash From Australian Fans After Tour Cancellation and “Pornographic” Pop Music Remark

Stephen Sanchez has called off his upcoming tour of Australia and New…
A protester holds a sign with a portrait of the son of the last shah of Iran, Reza Pahlavi, as people demonstrate against the Iranian regime outside Los Angeles Stadium

Iran’s World Cup Opener Faces Fan Protest as Supporters Plan Anthem Boos and Stadium Demonstration

Demonstrators started assembling ahead of Iran’s opening World Cup fixture against New…
Iran accuse FIFA of 'oppressive' World Cup treatment

Iran Slams FIFA’s “Oppressive” World Cup Treatment Amid Growing Controversy

Iran have fiercely criticized what they described as “oppressive” and “disastrous” treatment…
Root has been a model ex-captain, low-maintenance, a shoulder to cry on, and still hungry and able enough to keep churning out the hundreds

Joe Root Emerges as England’s Steadying Force in Crisis as Team Turns to Its Model Captain Once Again

There are routine hospital passes — and then there is the challenge…