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Economists respond to minister insisting house prices shouldn't fall (www.abc.net.au)
submitted 7 months ago by maniacalmanicmania@aussie.zone to c/australia@aussie.zone
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[-] Gorgritch_umie_killa@aussie.zone 1 points 7 months ago

Oh right, i see what you mean. Its avoiding double taxation of the same monies.

Because the employees pay is taxed also, if the tax office were to tax the whole $10,000 it would mean they effectively tax the same set of money twice. In this example that $5000 of employee wages would be taxed first as business tax, then as income tax.

[-] Aussiemandeus@aussie.zone 2 points 7 months ago

Yeah pretty much, but for a company it works out well for the owner who pays themselves. Makes it very easy to report minimum profits while paying yourself well

this post was submitted on 14 Dec 2024
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