No the top 20% of earners do not pay 80% of the taxes. The top 20% of taxable incomes pay 80% of taxes.
Gross earnings and taxable incomes are two different things.
Top earners on say ten million dollars a year can have a taxable income of zero and pay no tax.
- Forums
- Political Debate
- How would you improve the Australian tax system?
How would you improve the Australian tax system?, page-126
Featured News
Featured News
The Watchlist
RC1
REDCASTLE RESOURCES LIMITED
Ron Miller, Non-Executive Director
Ron Miller
Non-Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online