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Not all money you receive is taxable income
6 months ago
513
According to the High Court of Australia in Scott v. Commissioner of Taxation, "income" is not rigidly defined — it's determined by what ordinary people believe income is... unless the statute says otherwise.
This video uncovers:
How ordinary income is legally vague
Why self-assessment means YOU are the first authority on your income
The truth about our debt-based economy and the dollars you’re being taxed on
And the deeper question... Are you being taxed on real value — or debt notes backed by nothing?
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