Digital Assets, Blockchain Consulting, xBullion, DX Americas, Bitcoin Fund - Main Discussion Thread, page-490

I would suggest you to pay your tax appropriately, claim legal deductions as much as you can. Have a peaceful life, otherwise later on you might get fined by ATO and you will end up paying more than what you suppose to pay.

Tax calculation example,( without any deductions)

if my income is $1 Million during 208-19 FY

Income Tax I will pay $423232
Income after tax = $576768

I know it's a total ripoff but I would be happy with $576K yearly income and have peaceful life.

But you can claim some deductions and you can still save a lot of money, but make sure it's legal and you have proofs for that.