I'm sure lots of you have been getting your tax return documents in order over the last month, so this is just a discussion (not for accounting or legal advice) for news reports like this:
"There were 14,907 Australians who declared a total income of more than $1 million in 2017-18." and
"However, out of that millionaire group, the data also show 73 paid no net tax in 2017-18. For 54 of those millionaire earners, that was because they had enough deductions to lower their taxable income below the tax-free threshold of $18,200."
What do you think these people are doing to reduce their taxable income by that much?
Making a deduction is one thing, getting it back (or most of it back) is another.
I have an accountant, and am not in this million dollar category, but some examples of possible deductions would be interesting to talk about.