tag:blogger.com,1999:blog-27584252.post7463093363874300712..comments2024-03-22T18:15:47.666+11:00Comments on Boy on a bike: Who are the Australian 1%?Unknownnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-27584252.post-6969133091930596192012-02-01T16:43:31.873+11:002012-02-01T16:43:31.873+11:00Good for them, Im down the bottom trying to get up...Good for them, Im down the bottom trying to get up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27584252.post-72302403590769798612011-11-21T21:47:51.205+11:002011-11-21T21:47:51.205+11:00The top 1% paid nearly $17 billion in income tax, ...The top 1% paid nearly $17 billion in income tax, out of a total income tax haul of $123 billion.<br /><br />So in fact the top 1% paid 13.6% of all income tax.<br /><br />The top 10% paid $51.8 billion in tax, or 42% of the total income tax haul.<br /><br />How is that "not paying any tax"?Boy on a bikehttps://www.blogger.com/profile/14452119541546978454noreply@blogger.comtag:blogger.com,1999:blog-27584252.post-50652809039246150452011-11-21T21:37:21.227+11:002011-11-21T21:37:21.227+11:00hmm..the top 1% does not pay any tax or so I thoug...hmm..the top 1% does not pay any tax or so I thought.... they own the assets, and their assets grow, but in tax safe ways, and I think that is the problem highlighted by the movement?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27584252.post-2635933939091567652011-11-21T18:53:51.751+11:002011-11-21T18:53:51.751+11:00Simon, I was wondering when someone was going to p...Simon, I was wondering when someone was going to point that out. There are about 9.4 million income tax payers, so if you want to take the top 1% of them, then the 1% income level kicks in at around $250k. Which still includes most of the people I listed.<br /><br />I have seen other analyses which use family income instead of individual income. <br /><br />As usual, there are lies, damned lies and statistics.Boy on a bikehttps://www.blogger.com/profile/14452119541546978454noreply@blogger.comtag:blogger.com,1999:blog-27584252.post-78332856828489529652011-11-21T13:37:16.493+11:002011-11-21T13:37:16.493+11:00Boab - interesting but the 1% figure you use is mi...Boab - interesting but the 1% figure you use is misleading because a lot of the 22m are not income earners (not talking about those who opt out but children or handicapped). Presumably the table that shows the top 200,000 earners also gives the total number of PAYE tax payers. That number will of course be understated because it won't capture all of the income earners who are not PAYE but it would still be an interestign figure to work out the 1% on.Simonnoreply@blogger.com