Australian OnlyFans creator Tasha Paige has revealed she’s been slapped with a whopping $176,000 tax invoice.
In a agency reminder that typically even dangerous issues can worsen, Ms Paige had revealed in July that she had an $86,000 tax invoice.
It’s since ballooned to $176,000.
“In order that’s nice. I’m simply going to go cry. Second of silence, please, for my checking account,” she stated after the primary invoice.
After a second overview together with her accountant, the creator has discovered that she now owes greater than double.
As soon as once more Ms Paige took to social media to vent in regards to the mammoth invoice and stated she would “complain” about it – as a result of she will.
“My tax invoice is definitely $150,000 for the final 12 months… not together with the $26,000 I must pay on high of that for GST as a result of apparently my physique is an object – that’s why I’ve to pay GST,” she stated.
Ms Paige stated that she was notably upset by the invoice as a result of she didn’t really feel her trade as a intercourse employee is revered sufficient by the federal government.
“The truth that that cash goes to a authorities that doesn’t even recognise intercourse work as actual work,” she vented.
Ms Paige additionally acknowledged that the cash she was paying in all probability wasn’t going to something she truly “supported”.
“If I don’t chuckle, I’ll cry,” she stated.
The creator additionally added that regardless of her horror, she was ready for the invoice, and he or she was sure there wasn’t an error.
“My accountant has cross-checked every part,” she promised.
Her tax time TikTok has now obtained greater than 60,000 views, however apparently, individuals are much less sympathetic within the feedback and extra eager about how a lot she’s incomes from the OnlyFans platform to have the ability to owe that a lot money in tax.
“Wait… how a lot did you make babe? That must be not less than a $300,000 pay packet,” somebody declared.
“You’re making financial institution, woman. You’re inspirational, actually,” one other raved.
“Wow, man, you should be getting by some good cash,” one other claimed.
Ms Paige’s scenario is an excessive instance however there are a whole lot of Aussies dealing with tax money owed this yr due to the top of the low-and-middle earnings tax offset.
It was launched as a short lived measure within the 2018/19 federal finances, the offset meant these incomes between $37,000 and $126,000 have been eligible for a tax minimize of up $1500.
Alison Banney, cash professional at Finder, stated the present financial scenario meant the reliance on tax returns had by no means been larger.
“Whether or not it’s to pay again debt, enhance their financial savings, or assist with on a regular basis bills, tens of millions of Australians are counting on a refund,” she instructed information.com.au.
“Nonetheless, with the removing of the Low and Center-Revenue Tax Offset (LMITO) this yr, numerous Australians will probably get much less a refund of their tax return this yr in comparison with the final two years.”
Ms Banney additionally revealed it wasn’t a very dangerous factor to not get a refund at tax time.
“In case you get no a refund, it simply implies that you’ve paid the correct quantity of tax all year long,” she defined.
“Getting a refund implies that you’ve truly paid extra tax than you wanted to all year long. When you consider it, you’ve basically lent your cash to the ATO, and now they’re giving it again to you with out paying any curiosity on the mortgage.
“As a substitute, that cash may have been put to higher use by, for instance, holding it in a high-interest financial savings account and incomes curiosity on all of it yr.”