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You Americans have got it so easy. If you live in Australia you pay like 48% tax if you make $60k. And $60k is the average wage here. If anyone makes any money on a side business or second job, it's automatically taxed at 50%. Capital gains... 50%.
I won't even go into all the book keeping requirements and red tape. If your small business brings in $1m or more per year you simply must hire a full time accountant.
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