The fact that Gina Rinehart inherited billions of dollars apparently means that people earning $150,000 a year are entitled to feel average. The average income for an employed person in Australia is $58,375.20 a year. The median is $50,076. $150,000 a year is a lot of money. It is not average, it is not middle, it is a lot. At that rate you are well into the top 4 per cent of employees in Australia. This is not to suggest that people earning $150,000 do not feel stressed or anxious or that they don’t deserve more for their effort. No doubt many feel exactly this way, but so too do people working 50 hours a week to earn $50,000 a year. So too do people working part time and caring for disabled children.
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Superannuation tax concessions are making inequality worse
Superannuation tax concessions were designed to encourage saving, but instead they are being used by the wealthiest to avoid paying tax
5 ways and 63 billion reasons to improve Australia’s tax system
With a federal election just around the corner, new analysis from The Australia Institute reveals 63 billion reasons why our next Parliament should improve the nation’s tax system.
Superannuation tax concessions entrench income and gender inequality
Australia Institute research finds women and low-income earners are being left behind by a superannuation tax concession system that disproportionately benefits high-income earners and men.