OnlyFans creator Tasha Paige has revealed her huge tax bill

Aussie OnlyFans creator Tasha Paige has revealed the shocking reason she’d ended up with a six figure debt.

Australian OnlyFans creator Tasha Paige has revealed she’s been slapped with a whopping $176,000 tax bill.

In a firm reminder that sometimes even bad things can get worse, Ms Paige had revealed in July that she had an $86,000 tax bill.

It’s since ballooned to $176,000.

“So that’s great. I am just going to go cry. Moment of silence, please, for my bank account,” she said after the first bill.

After a second review with her accountant, the creator has found out that she now owes more than double.

Once again Ms Paige took to social media to vent about the mammoth bill and said she would “complain” about it - because she can.

“My tax bill is actually $150,000 for the last 12 months... not including the $26,000 I need to pay on top of that for GST because apparently my body is an object – that’s why I have to pay GST,” she said.

She's shared her huge debt. Picture: TikTok/TashaPaige

She's explained how she's ended up in debt. Picture: supplied

Ms Paige said that she was particularly upset by the bill because she didn’t feel her industry as a sex worker is respected enough by the government.

“The fact that that money is going to a government that doesn’t even recognise sex work as real work,” she vented.

Ms Paige also stated that the money she was paying probably wasn’t going to anything she actually “supported”.

“If I don’t laugh, I’ll cry,” she said.

The creator also added that despite her horror, she was prepared for the bill, and she was certain there wasn’t an error.

“My accountant has cross-checked everything,” she promised.

The creator is not happy. Picture: TikTok/TashaPaige

She’s shared her issue on TikTok. Picture: TikTok/TashaPaige

Her tax time TikTok has now received more than 60,000 views, but interestingly, people are less sympathetic in the comments and more interested in how much she’s earning from the OnlyFans platform to be able to owe that much cash in tax.

“Wait... how much did you make babe? That has to be at least a $300,000 pay packet,” someone declared.

“You’re making bank, girl. You’re inspirational, honestly,” another raved.

“Wow, man, you must be getting by some good money,” another claimed.

She’s unhappy with the huge bill. Picture: TikTok/TashaPaige

She’s double checked it with her accountant. Picture: TikTok/TashaPaige

Ms Paige’s situation is an extreme example but there are a lot of Aussies facing tax debts this year because of the end of the low-and-middle income tax offset.

It was introduced as a temporary measure in the 2018/19 federal budget, the offset meant those earning between $37,000 and $126,000 were eligible for a tax cut of up $1500.

Alison Banney, money expert at Finder, said the current economic situation meant the reliance on tax returns had never been higher.

“Whether it’s to pay back debt, boost their savings, or help with everyday expenses, millions of Australians are relying on a refund,” she told news.com.au.

“However, with the removal of the Low and Middle-Income Tax Offset (LMITO) this year, lots of Australians will likely get less money back in their tax return this year compared to the last two years.”

Ms Banney also revealed it wasn’t a completely bad thing not to get money back at tax time.

“If you get no money back, it just means that you’ve paid the correct amount of tax throughout the year,” she explained.

“Getting money back means that you’ve actually paid more tax than you needed to throughout the year. When you think about it, you’ve essentially lent your money to the ATO, and now they’re giving it back to you without paying any interest on the loan.

“Instead, that money could have been put to better use by, for example, keeping it in a high-interest savings account and earning interest on it all year.”