Inequality widens: ANU

The wealthiest 1% of Australians own nearly 10% of Australia, a new study by ANU and Oxford University says.

They received 9.8% of all taxable income two years ago, the highest since the 1950s. The top 0.1%, or the ‘super-rich’, as they’re described in the report, were paid 3.8% of total taxable income, the highest since before the Great Depression.

The analysis, by the Australian National University’s Andrew Leigh and Oxford University’s Tony Atkinson, was based on tax returns and executive earnings surveys.

Posted via email from 4ZZZ News

Advertisements

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s