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How tax rules benefit top earners by $700,000 but median earners by $5,700
Commonwealth Treasury secretary Jenny Wilkinson says the average top income earner benefited from the existing investment tax arrangements to the tune of $700,000 over their lifetime, versus just $5,700 for median income earners.
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smh.com.au
Nine in 10 young Australians to be better off under tax changes: Treasury data
But the top 1 per cent of income earners would lose about $400,000 worth of tax concessions over their lifetime, Treasury secretary Jenny Wilkinson revealed on Thursday.
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afr.com
Top 1pc would pay $400k more tax under Labor’s plan
If Labor’s proposed tax changes had been in place for the past 25 years, top earners would have lost tax breaks worth hundreds of thousands, according to Treasury secretary Jenny…
