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IT is another bullshit tax my friends. This country is full of taxes and levies....very high cost of living vs other countries. In Hong Kong (for example) most people pay very little income tax...around 15%. CGT is non-existant also. I have a cousin there who has the priviledge of a salary that literally enables him to buy a high-end luxury car each month for cash if he wanted. When I asked him a year ago if he would retire early & return to Australia he replied to my suprise: "No way, cost of living there is too high and is only going to get a lot worse - significantly so". Boy was he right.
Hard-working Australians get screwed over royally, then have to fork out more just because they want to live life more luxuriously; using what we have earned to subsidise the not so fortunate. Ahh I could go on, but too much thread drift already.
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