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Super generosity - for some

Sydney Morning Herald Sunday 11th August, 2013

Super tax concessions cost the taxpayer about $32 billion a year, according to Treasury. Australia boasts what is perhaps the most generous middle-class welfare system in the world, a system where taxpayers shower benefits on executives that are not available to the average worker. Research conducted for Fairfax Media by actuary Geoff Dunsford has identified at least four ways in which middle-class retirees obtain a benefit from taxpayers; a benefit which is proportionately more generous than the benefit enjoyed by - and he uses this example - a clerk. Super tax concessions cost the taxpay...


Read the full story at Sydney Morning Herald

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