91 Australians Earned Over $1 Million But Paid No Tax in 2022–23: A Closer Look
Recent data from the Australian Taxation Office (ATO) has uncovered a disconcerting reality: 91 Australians who earned more than $1 million during the 2022–23 financial year legally paid zero income tax. While this outcome complies with current law, it highlights how significant deductions, loss offsets, and strategic financial planning allow the ultra-wealthy to eliminate their […]
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