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.
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.
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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