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This is all pretax income since it's deductible, so you should be multiplying it by your (1 - marginal tax rate) to get the real equivalent price. Assuming he
by novok 6y ago
This is all pretax income since it's deductible, so you should be multiplying it by your (1 - marginal tax rate) to get the real equivalent price. Assuming he probably makes more than $180k AUS ($127k USD), his rate is probably at %45, so the 'real' price for this is $5720.
Also the prices your looking up are pretty inflated. I did a very lazy amazon search for the CRG90 for example and I got ~$1500 right off the bat: https://www.amazon.com/gp/offer-listing/B07L9HCJ2V/ref=sr_1_1?keywords=CRG90&qid=1595749978&sr=8-1&dchild=1 https://www.amazon.com/gp/offer-listing/B07L9HCJ2V/ref=sr_1_...
- deathanatos 6y agoPerhaps in your jurisdiction it is. In mine (US¹), it is not. ¹it was, but my understanding is that the Tax Cuts and Jobs Act did away with it; e.g.: https://www.barrons.com/articles/can-you-deduct-a-home-office-from-your-taxes-during-the-coronavirus-51588934700 https://www.barrons.com/articles/can-you-deduct-a-home-offic...
- novok 6y agoI'm fairly certain he is self employed / has a business, and Australia is different :)
- deleted 6y ago[deleted]
- egypturnash 6y agoI am an artist living close to the poverty line, I know absolutely nothing about how “business deductions” work. He still had ~$10.4k of cash or credit on hand all at once to turn into this pile of hardware, right? That sounds pretty real to me. He mostly linked to manufacturer pages, I did not feel like spending the time to see if there were better deals out there. Feel free to spend an hour or so on that if you want to.