Not true. If you're on a high salary and also have investment...

  1. 10,824 Posts.
    Not true.

    If you're on a high salary and also have investment income which isn't taxed at source you end up getting a large tax bill from the ATO at the end of the year. Its easy to see more than 50% of you're salary go into covering your tax liability. When you're working half the year just to cover the tax for the other half what's the point in doing demanding jobs ?

    Its bizarre how the government goes out of its way to discourage earning money while encouraging and promoting welfare dependency.
 
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