This year, I'm writing a check for nearly 50% of what I earned in 2020. I have it saved up in account, and I'm paying it in one lump sum to the government. It's a fucking brutal check. Imagine having 50% of your total yearly earnings in a bank account you have to give away.
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Surely it's a progressive system - like your marginal rate might be at 50% for some (large) chunk of income but not the total? I mean if it is then must be a better way of structuring things? Else maybe look for people living in Monaco or the Isle of Man on your questionnaire!
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Yah! There will be a way around this. In Aus, we get 49% plus a 10% goods and services tax. But there are ways around it. Aella’s expenses might not be high, but there will be...other things.
End of conversation
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