What are the tax rates like in aussieland?
Is it true the goverment pays for workers comp? Is there free universal healthcare?
They are burdensome, unless you are a large enough company to pay expensive bean counters to make you sure avoid tax.
To start with, have to add GST (10%) on everything, which throws up your prices, gives you a major bookkeeping / accounting burden & has to be paid to tax office monthly or quarterly.
Then there is compulsory superannuation for employees, currently 10.5% of their gross wage, rising to 12% in next few years.
Workers comp insurance is paid by the business, premiums depend on you wage turnover. They follow businesses pretty hard on maintaining workers comp cover, which is one thing I agree on & am happy to pay for.
My basic insurances are over $2,600 per month.
If you actually turn over a profit, then there is income tax, sliding scale depending on ‘salary’. When I was an employee on a good wage, I saw 62 cents out of each dollar in a good fortnight, 52 when I got paid bonuses or worked too many hours.
Higher education you also pay for yourself.
Health care, yes, universal in theory, but a above a certain income, you are expected to maintain private health insurance cover.
When the federal government eased some of the GST burdens on small businesses during Covid, things when gangbusters. Now the tax office is calling those debts in & driving business over the edge.
