Care to do an after-tax-and-expenses analysis? In one of your previous income reports I've discussed that with a few people, but it'd be nice to see some actual numbers, since you don't seem to be coy about it at all.
I have very low expenses (as I am just sitting at the computer). Tax is 19% from income - expenses. Moreover I need to pay about $150 of health and other obligatory insurances.
I am Brazilian, so I might get the slang wrong but I think that red tape means bureaucracy. I think he is asking you how hard it is to declare the taxes from this income to your own government...