Australian Greens model millionaire taxes for Tony Abbott and his rich friends

By Mark Kenny
Updated April 24 2014 - 4:13pm, first published 12:00am

Taxing trusts as if they were companies and applying a new top marginal tax rate on incomes of more than $1 million would raise billions of dollars for the Commonwealth budget and alleviate pressure to slash welfare programs for the genuinely needy, the Greens have said.

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