Taxpayers who negatively gear cost the bulk of other taxpayers an average of $310 per year, a new analysis of Tax Office data shows.

The re-analysis of the 2013-14 tax data, the latest available, shows that each negative gearer claimed an average loss of $8722 per year. Seven out of 10 had income before deductions in the top or second-top tax bracket. The average amount of tax saved by each of the 1.2 million negative gearers was $2900 per year.

Spread over the remaining 11.7 million taxpayers, the average cost was $310 each. The total, $3.646 billion, is about as much as the government spent on assistance to jobseekers and vocational training, and twice what it spent on assistance to indigenous Australians.