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According to the ato the top 1 of income earners in australia start at 237 300 but average 438 100.
Income of top 1 australia. The top 1 per cent of australians have more wealth than the bottom 70 per cent combined. Inspired by this article from the us readers asked me to do an australian version. Top 1 of earners. By 1980 that group had just 1 per cent of household income.
Perhaps no income level has been cited more than the so called 1 per cent the richest of the world s rich. How much do you need to earn to be in the top. In 2016 australia continued to be the second wealthiest nation in terms of wealth per adult. Top 5 of earners.
In australia it seems you have to be born to the right family or ride the right wave not that different from anywhere else. The wealth share by australia s top decile was 51 1 in 2000 50 7 in 2007 and 51 1 in 2014. Less than 21 929 lowest quartile between 21 930 and 46 854 second quartile. Australia had 3 8 1 783 000 people of the top 1 of global wealth holders while having 0 4 of the world s adult population.
Annual wages of top earners the latest data from the epi show that in 2018 annual wages for the top 1 reached 737 697 up just 0 2 compared to 2017. If your income is around 1 400 a week that would put you in the 91 000 to 103 999 per annum income bracket for australia with 4 per cent of other income earners. Below i interviewed some households with incomes above 250 000 for singles or above 400 000 if a couple. The forbes list for australia australia s 50 richest people puts 1 2 5 and 6 as people who built on top of family.
Top 10 of earners. Only 10 per cent of aussies. Ceo pay over the period 1993 2009 the average earnings of ceos in the top 100 australian firms rose by an average of 7 5 per cent per year productivity commission executive remuneration in australia p 61.
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