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


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