Tuesday, May 11, 2021
From ABC News:
Australians cherish their tax deductions.
Three-quarters claim tax deductions totalling $37 billion a year, with 70 per cent using an accountant to file their return.
The average total deduction is $2,576, even though half of all taxpayers claim less than $674.
The majority of the $37 billion claimed is for work-related expenses.
Tax office statistics show that in 2017-18 there were almost 9 million taxpayers claiming a total of $21.7 billion in work-related expenses.
But look further into the data and you will find the bulk of deductions aren't just going to people on higher incomes, but specifically to higher-income men.
The average higher-income woman (earning more than $100,000 a year) claims less in deductions than a man earning the same income.
Read more here.