There's a massive tax rort that mostly benefits the wealthy, that's hidden in plain sight: superannuation tax concessions.
The top 20% of income earners receive more than 50% of superannuation tax concessions. The share of Australian workers with a super fund above $1 million is just 2.5%, but those people made 20.1% of all personal super contributions in 2020-21.
Chief Economist Greg Jericho explains.
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