A Snapshot of the Australian Taxpayer. Issue 4 (23rd March 2018)

• Record Type: Journal Article
• Authors: Bond, David; Wright, Anna
• Is Part Of: Australian accounting review. Volume 28:Issue 4(2018:Dec.)
• Page Start: 598
• Page End: 615
• Publication Date: 2018-03-23
• Subjects: Accounting -- Australia -- Periodicals; Accounting -- Standards -- Australia -- Periodicals; Accounting -- Periodicals; Managerial accounting -- Periodicals; Corporations -- Finance -- Periodicals; 657.0994
• DOI: 10.1111/auar.12219
• Languages: English
• ISSNs: 1035-6908

Abstract

Abstract: Using the most recent Australian Taxation Office published data, along with other sources of data, we provide detailed descriptive evidence on the income, deductions and other items (including superannuation) of the individual taxpayer in Australia. We provide these details across tax bracket, occupation, gender and location. In addition, we explore who is accessing negative gearing and by how much, thus contributing to the ongoing debate that surrounds this area of tax law. We show that individuals with a higher taxable income are more likely to access negative gearing, and we provide estimates of how the removal of this deduction would affect federal tax revenue. We discuss other reported areas such as deductions for gifts and donations, as well as providing a discussion on the use and potential use of the government‐provided pre‐filled tax information for individuals. Overall, this study is of interest to academics, government and tax practitioners alike. Abstract : Using the most recent Australian Taxation Office published data on the individual taxpayer, we provide detailed descriptive evidence on income and deductions across tax bracket, occupation, gender and location. In addition, we provide detailed evidence on negative gearing and deductions for gifts and donations.