Your Next Big Thing.....

Michael wrote -

> This "rule" says in effect, that
> if 80% of your income comes from a single
> source you are not a business or subbie, you
> are an employee. And as an employee you have
> the standard employee tax deductions (ZERO).

Oh YUCK!!! And I thought the US tax laws were bad on this issue. This would really stink for me with my current contract with Harley-Davidson. I hope our lawmakers and taxmen don't get any funny ideas watching you folks Down Under.

Rick Smith, "The Net Guerrilla"


Product Development Should Still Allow Deductions!

Once you are declared an employee and not a business, you can't split your income with your wife (or husband if you're a woman).

So all the income is thus yours and will most likely be taxed at the highest tax rate of 50 cents in the dollar.

And to think... Australia is called "The lucky country".

Deadliest critters. Over governed. Over taxed. Weak currency. Constant long-term droughts. Draconian gun laws. Six national free-to-air TV channels. $5 an hour internet access fees. $4 for a gallon of gas.

Gee... good thing we're lucky eh? HA! :o)

Michael (I'd rather be in Connecticut) Ross.

> And to think... Australia is called
> "The lucky country".

> Deadliest critters. Over governed. Over
> taxed. Weak currency. Constant long-term
> droughts. Draconian gun laws. Six national
> free-to-air TV channels. $5 an hour internet
> access fees. $4 for a gallon of gas.

> Gee... good thing we're lucky eh? HA! :o)

> Michael (I'd rather be in Connecticut) Ross.

Michael,

And I thought all you guys did down under was carry a big blade, wrestle crocodiles, and rescue pretty women ala "Crocodile Dundee". Maybe I'm "lucky" to be "Up Over" instead of "Down Under".

JDB


Conversations with Millionaires

it's full of cute and cuddly animals....

Here's a story which shows what I mean....

One day, the bartender was sitting at the counter, minding his own business as usual. Suddenly, the door burst open, and in came the strangest furry animal he had ever seen.

It sat down at the counter, and said, "Gimme somethin’ to eat."

The bartender complied, since he had never seen this animal before, and placed out a bowl of pretzels. The animal devoured them in one gulp. It then continued to pull out a gun, shoot down the signs, the mirror, at a few bottles then just walked out the door.

The bartender cried, “You can’t just come into my bar, wreck the place, and then just leave.” It replied, “Yes I can, I’m a koala, look it up.”

So, the bartender went into his back room and took out his dictionary. He flipped to “Koala,” and after reading the definition, muttered, “By Golly, he’s right.”

The dictionary had said, "Koala: Eats shoots and leaves."

:)

- Dien

> And I thought all you guys did down under
> was carry a big blade,

It's against the law to carry a knife - on person or in your vehicle (unless, of course, you're a tradesman and use it in your trade - like an electrician might need one for cutting wires. And unless you're going fishing).

...

> and rescue pretty women ala "Crocodile
> Dundee".

Oh John... we don't rescue women down here. Doing so might imply that a woman is weak and incapable of looking after herself. And that would be sexist. :o)

Maybe I'm "lucky" to
> be "Up Over" instead of "Down
> Under".

At least you don't have the pressure of blood on your brain from being upside down all the time. :o)

Michael Ross.