Billionaire Bull 💩
SMH has pointed out that Australia has more billionaires than it has ever had and that that is nothing to celebrate. With statistics appropriately supplied by Forbes and The Australian, the lucky country is just that for one hundred and fifty fucking nine (159) fucking billionaires. 🤑
Of the top 50 richest cunts some have done well from marital woes but many (if not most) of the others built on the bank 🏧 their mum and dad left them! A few were even ‘self-made’ if not creepy, perhaps even … criminal?
In fact, billionaire membership kept growing even during the pandemic i.e., while many people were struggling to stay alive — these rich cunts prospered. Disgusting old men like Gerry Harvey did very well yet refused to pay back public monies that had been given to support them. 💰💰💰
Billionaires should share their luck. Gerry Harvey is a cunt. 🌮
But this is hardly surprising because this cunty cohort has been increasing its club size for decades — only four years ago there were over forty fewer of these dogrooters going around. And, generally, these are not good people. You don't get that rich without exploiting something — people and/or the environment and/or resources and/or taxation etc. — especially taxation.
Climate change sceptic eugenics and Westralian secession scion Gina Rinehart is worth over $50 fucking billion but even her cunt fucking kids don't like her (or each other). And what about this fucking clown …
Aussie Rich List Rorts 🫵
According to the ATO at least sixty Australian rich cunts did earn more than $1 million 💰 in 2019-20 but did not pay any income tax. This is, however, an improvement on the previous year where sixty-six dodged the tax man! The average annual income for this lot was $3.5 💰 million.
One relatively easy method to avoid tax comes with claiming ‘tax affair management’ as a deduction. So, by claiming an average of $80,000 💰 tax management costs, they reduced their taxable income to below the tax-free threshold. Another average deduction of $250,000 💰 was claimed for ‘litigation costs for managing tax affairs.’ Donations, interest and dividend deductions also helped defeat tax …
Sixty millionaires claimed a total of
$165.3million 💰 in deductions to reduce their tax. A so-called Buffett law (setting a minimum rate of tax based on gross income) would prevent high-income earners from using multiple deductions to avoid paying tax.
However, anyone aspiring to own a billion 💰 dollar boat can't be trusted because that should always remind us of Jeffrey Epstein's bestie, Bill Gates.
While the above figures are mainly about individuals, the worse offenders are companies because they contribute only around 20 per cent of government taxation revenue — seeing some paying nothing in tax with over $50 billion 💰 claimed by multinational mining companies as tax deductions. 😱 🤑
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