Fewer than 1% of households with multimillions in super could struggle to pay Labor’s tax, study finds
Exclusive: New ANU research reveals those liable for extra earnings levy have 12 times wealth of other Australians
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Fewer than 1% of households with multimillion-dollar super balances could struggle to pay for Labor’s additional tax on retirement balances above $3m.
New ANU research also reveals that households liable for the extra earnings levy have 12 times the wealth of other households, including an average of $3.2m outside super and the family home. They also have more than two-and-a-half times the disposable income. Continue reading...
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