Raider this may well be news for you but I believe, for Australians citizens, income tax is only payable on financial year taxable income that is in excess of around $18,500 per annum, last time I looked, and not related in any way to how valuable your assets are or whether your house is worth a million dollars or your share portfolio or Super balance.
Could you explain your fixation with your "millionaire" status which you obviously personally cherish and clearly enjoy rubbing our noses in your tax free millionaire retirement lifestyle.
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Dusko Ljubojevic, MD
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