[LINK] LOOSE MONEY FAST ! ! !
Thu, 17 Feb 2000 13:59:57 +1100 (EST)
On Thu, 17 Feb 2000, felipe rodriquez wrote:
> (this is not a spam ;-)
Here is my LOSE MONEY FAST contribution.
"Live in Australia, earn a decent wage and lose money fast
after July 1, 2000"
Example: wage earner in the 48.5c tax bracket
tax on income: 48.5c on the dollar
with medicare: 54c on the dollar (est.)
add GST: 64c on the dollar
add FIDs/Duties: 65 on the dollar
So, by the time I feed and clothe myself, I'm working with
about 35c out of every dollar I originally earned.
I know I'm mixing apples and oranges abit here (different
rate bases) but someone please poke a major in the
above figures before I move back to Canada on 1/7/2000!