Brisbane Times
·general
·57 minutes ago
Business founder admits entrepreneurs pay far less tax than salaried workers
An Australian business founder acknowledges that entrepreneurs like himself pay significantly less tax than salaried employees through legal deductions and income splitting strategies. The writer argues that while business owners deserve some tax advantages for taking risks, current rates—as low as 12 percent on million-dollar gains—are disproportionately low compared to engineers and nurses paying 44 and 26 percent respectively.
Summary by Glance · Brisbane Times
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