Aussies paid $298b in tax, but dozens of millionaires didn't pay a cent

Australians coughed up much than a 4th of a trillion dollars successful income taxation for nan 2022-23 financial year, but location were dozens of millionaires who didn't salary a cent.

The Australian Taxation Office (ATO) released its yearly statistic for 2022-23 this morning, revealing that it collected a whopping $577.4 cardinal successful tax, up from $530.1 cardinal nan twelvemonth before.

The bulk of that – immoderate $298 billion, aliases 51.6 per cent – came from personal income tax, companies paid a further $140 cardinal aliases 24.2 per cent, and nan GST made up 14.2 per cent aliases $81.7 cardinal of nan nation's taxation burden.

But contempt Australians' important corporate income taxation bill, location was a ample fistful of ultra-wealthy earners who didn't lend to it.

Of nan 24,350 group whom nan ATO listed arsenic earning much than $1 million, location were 24,211 income taxation payers, leaving 139 who, done a scope of deductions, didn't person to salary any.

Work expenses were nan astir communal type claimed successful 2022-23, pinch Australians claiming a corporate $28.3 cardinal successful them.

Beyond income and institution taxation and nan GST, excises connected nan likes of tobacco, substance and intoxicant earned nan authorities $25.4 billion, and superannuation taxation contributed a further $24 billion.

But nan petroleum assets rent taxation (PRRT) – nan interest power companies must salary to extract lipid and gas, theoretically ensuring Australians use from nan usage of nan country's earthy resources – was only a miniscule gross driver.

Combined pinch nan luxury car (LCT) and vino equalisation (WET) taxes, it raised conscionable $4.2 cardinal for authorities coffers – little than a azygous per cent of nan nation's wide taxation bill.

Meanwhile, nan ATO statistic revealed surgeons person remained nan astir highly paid professionals successful nan state pinch an mean income of $472,475.

The eastbound Sydney postcode of 2027, which covers nan seaside suburbs of Pipers Point, Edgecliff and Darling Point, remained nan wealthiest successful nan nation.

The mean income successful nan area is $279,712.

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