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I don't know what it's like in the US but here we pay more than 30%. 30% in income tax rate but every time you use the other 70% you are further taxed. Sales taxes 11%, land taxes, utilities, fuel tax, capital gains tax, luxury vehicle tax, your income tax on your super funds and I'm sure I missed more somewhere. Income tax is the tip of the iceberg.

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hodlbod 2y ago

Oh yeah, same here, absolutely.

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