Income distribution ATO 2023–24
Top 1% and top 10% taxable incomes in Australia
In 2023–24 the top 1% of Australian taxable individuals had a taxable income of $429,531 or more, the top 5% $208,281 or more, and the top 10% $162,972 or more (ATO Table 16A).
The top 1% held 10.20% of all taxable income and paid 16.79% of all net tax; the bottom 50% held 24.57% and paid 13.33%.
$429,531
lowest taxable income in the top 1%, ATO 2023–24
ATO Table 16A
$208,281
lowest taxable income in the top 5%, ATO 2023–24
ATO Table 16A
$162,972
lowest taxable income in the top 10%, ATO 2023–24
ATO Table 16A
$71,795
median taxable income, ATO 2023–24
Among taxable individuals: the top of band 50 of 100
ATO Table 16A
$969,322
average taxable income, ATO 2023–24
Top 1%
ATO Table 16A
13,239,911
individuals, ATO 2023–24
Taxable individuals in the table
ATO Table 16A
What each group earns and pays
| Income group | Taxable individuals | Share of taxable income | Share of net tax | Average taxable income | Average net tax |
|---|---|---|---|---|---|
| Top 1% | 132,399 | 10.20% | 16.79% | $417,987 | |
| Top 5% | 661,984 | 21.68% | 32.43% | $161,415 | |
| Top 10% | 1,323,987 | 31.26% | 43.72% | $108,810 | |
| Bottom 50% | 6,620,058 | 24.57% | 13.33% | $6,636 | |
| All taxable individuals | 13,239,911 | 100.00% | 100.00% | $24,888 |
ATO Table 16A
Income and tax by decile
- Share of all taxable income
- Share of all net tax
- 10%: each decile holds a tenth of taxable individuals
Vertical axis: Share. Horizontal axis: National decile of taxable income, 1 is the lowest.
Show data
| National decile of taxable income, 1 is the lowest | Share of all taxable income | Share of all net tax |
|---|---|---|
| 1 | 2.75% | 0.50% |
| 2 | 3.95% | 1.34% |
| 3 | 4.94% | 2.42% |
| 4 | 5.94% | 3.81% |
| 5 | 6.99% | 5.26% |
| 6 | 8.19% | 6.87% |
| 7 | 9.66% | 8.83% |
| 8 | 11.64% | 11.47% |
| 9 | 14.67% | 15.78% |
| 10 | 31.26% | 43.72% |
ATO Table 16A
Top earners by state and territory
The bands are national, so every state is measured against the same groups. The ATO lists people with an overseas or unknown address separately.
| State or territory | Taxable individuals | In the national top 10% | In the national top 1% |
|---|---|---|---|
| Western Australia | 1,489,910 | 0.99% | |
| Australian Capital Territory | 266,797 | 0.85% | |
| New South Wales | 4,043,818 | 1.30% | |
| Victoria | 3,379,413 | 0.96% | |
| Queensland | 2,701,157 | 0.79% | |
| Northern Territory | 114,589 | 0.50% | |
| Overseas or unknown | 80,999 | 1.59% | |
| South Australia | 896,334 | 0.62% | |
| Tasmania | 266,894 | 0.52% |
ATO Table 16A
Men and women
The ATO counts a person whose sex is unknown or indeterminate as male.
| Income group | Taxable individuals | Men | Women | Share of women |
|---|---|---|---|---|
| Top 1% | 132,399 | 94,165 | 38,234 | |
| Top 5% | 661,984 | 467,161 | 194,823 | |
| Top 10% | 1,323,987 | 923,948 | 400,039 | |
| Bottom 50% | 6,620,058 | 2,933,972 | 3,686,086 | |
| All taxable individuals | 13,239,911 | 6,881,269 | 6,358,642 |
ATO Table 16A