Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 2GB account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 2GB content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 2GB online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

Highest earners almost completely supporting the bottom 60 per cent

Deborah Knight
Article image for Highest earners almost completely supporting the bottom 60 per cent

New data has revealed the top 20 per cent of earners are propping up the majority of households.

The Centre for Independent Studies, in partnership with the ABS, has revealed the top fifth of households by income are doing the heavy lifting for the bottom 60 per cent.

The Centre puts the results down to a dwindling share of net taxpayers in the country.

Based on 2016 results, the top 20 per cent of households are paying over $1,000 a week into the tax system.

Conversely, households in the lowest quintile are getting an average of $619 back.

Senior research fellow at the Centre for Independent Studies Robert Carling joins Ross Greenwood to break down the details.

“It’s fair enough that, say, 20 per cent of the population of households… would be net beneficiaries, clearly.

“But once you get into the middle 20 per cent, would you expect them to be net beneficiaries also?

“On average, they are.”

Click PLAY below for the full interview

Deborah Knight
Advertisement