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 revealed a disconcerting reality: 91 Australians who earned more than $1 million during the 2022–23 financial year paid zero income tax legally. While this outcome complies with current law, it highlights how significant deductions, loss offsets, and strategic financial planning enable the ultra-wealthy to significantly reduce their tax liabilities. Moreover, this […]
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