In 2018-19 there were 15,385 people who had a total income of over $1m – just a bit over 0.1% of the 14.68m people who earned an income that year, and up from 14,909 the year before.
Read more in The Guardian
Some of Australia’s highest earners pay no tax, and it costs them a fortune
For 55 millionaires, the 2018-19 financial year was very good. Not only did they earn more than $1m, they paid no net tax. They achieved this through a range of methods, mostly big donations and also by spending a vast amount on accountants and tax lawyers to manage their tax affairs.
