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[PODCAST] Who pays the most tax in Australia, Plus Clues Behind The News | Macro Insights with Ken Raiss

[PODCAST] Who pays the most tax in Australia, Plus Clues Behind The News | Macro Insights with Ken Raiss
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In today’s Macro Insights Podcast, Ken Raiss and I examine who really pays tax in Australia, and the results may surprise you.

We also share what the average wage and superannuation balance in Australia is, and I bet these figures will surprise you.  707 Most Tax In Australia Kr Youtube Cover

We also discuss the latest statement from APRA about its 3% mortgage assessment buffer we will tell you what time of the week you’re most likely to get scammed?

As somebody interested in growing your wealth or property, there will be lots in the show for you.

Takeaways

• Australian Taxation Office’s 2022–23 tax return snapshot (approximately 16.1 million lodgements) to paint a portrait of the “average 100 Australian.
• Out of those 100 Australians, 21 pay no income tax at all. None. Zip.
• Meanwhile, just 3 individuals contribute nearly 30% of all net income tax. Add in the next 6, and you’re up to nearly 50%. And the next 30 take it to almost 90%.
• So 39 Australians (out of 100) are footing almost the entire tax bill.
• The average super balance is around $173,000; the median is just $60,000. What does that tell us?All eight capital cities recorded house price growth in the June quarter.
• Westpac reveals the time of day you’re most likely to be scammed is Tuesday afternoon.

 

Links and Resources:

Answer this week’s trivia question here- www.PropertyTrivia.com.au  

  • Win a hard copy of Michael Yardney’s Guide to Investing Successfully 
  • Everyone wins a copy of a fully updated property report – What’s ahead for property for 2026 and beyond. 

 Michael Yardney 

 Get the team at Metropole Wealth Advisory create a Strategic Wealth plan for your needs Click here and have a chat with us  

 Ken Raiss, Director of Metropole Wealth Advisory 

 Get a bundle of eBooks and Reports at www.PodcastBonus.com.au  

 Also, please subscribe to my other podcast, Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future. Or click here: https://demographicsdecoded.com.au/  

 

 

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About

Michael is the founder of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media.


2 comments

Unable to get the link for the trivia question!

1 reply
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