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The tax is already bad here, even without it. I paid $89,000 taxes just for the last financial year because stock gains are added up on top of the income and my
by shell0x 4mo ago
The tax is already bad here, even without it. I paid $89,000 taxes just for the last financial year because stock gains are added up on top of the income and my partner doesn’t work and there’s no family support allowance here.
I can apply Australian citizenship next year but I will leave ASAP after becoming a citizen for Singapore, Dubai or Hong Kong where the tax is < 20%
- sumedh 4mo agoWhy are you not leaving right now?
- mianos 4mo agoI'd assume, as an Australian, who works for a HK company and has travelled for work all their life, the long term lifestyle in Australia is probably better than those countries. I love HK and Singo but I am not sure I'd want to live there. But for working, most people here would not work in an iron lung and the socialist government pretty much supports the idea that, if you don't like to work, you shouldn't have to as long as there are a few who will work. And, that number is fewer and fewer.
- shell0x 4mo agoI could as a German but my partner has a weaker passport so I’m just waiting till she got her australian passport
- tedk-42 4mo agoso you take but you don't want to give? perhaps try a different perspective of, "it's good i live in a place where we contribute for a common good"
- shell0x 4mo agoTaxes are a financial loss. I preferred living in Hong Kong and Singapore and do not enjoy living here honestly, but if you treat it as payment for my+partner’s backup citizenship, it seems more justifiable.
- c23gooey 4mo ago> Taxes are a financial loss. What a miserable, selfish view of the world you have
- sumedh 4mo agoAustralian govt needs to tighten the rules to discourage people who want to take advantage of Australia but don't want to contribute in return.
- shitloadofbooks 4mo agoAs an Australian with a family and 2 high-paying salaries paying a LOT of tax, none of those countries are remotely comparable to Australia. If you hate taxes and fees, Singapore has a 60% Additional Buyer's Stamp Duty on residential property applied to foreign buyers, on top of an already insane property market. There's huge fines and government intervention into _everything_ and a massive high-stress culture. Hong Kong is equally absurd for property and has a sword hanging over its head, that falls if China ever makes a move on Taiwan; the inevitable US and global sanctions would decimate HK. Dubai is just a comical option.
- shell0x 4mo agoI can get PR in Singapore through my partner, so no 60%. Company paid medical and everything so expat life and no responsibilities. And if I were ever have to have kids, you can’t hire a maid here sleeping at your apartment and you have to clean yourself which is ridiculous. In Hk, SG, Dubai you can get domestic helpers cheaply and they take care of everything
- BLKNSLVR 4mo ago> And if I were ever have to have kids, you can’t hire a maid here sleeping at your apartment and you have to clean yourself which is ridiculous. Not sure if serious. If serious: This is a really weird and almost sociopathic thing to say. I really don't get where you're coming from. It's certainly not the cultural direction I'd like to see Australia moving in.
- shell0x 4mo agoYou realize this is the standard in Asia right? They only cost like 2.5k a month which is pretty good value https://www.life.gov.sg/guides/domestic-helper https://www.life.gov.sg/guides/domestic-helper https://www.immd.gov.hk/eng/services/visas/foreign_domestic_helpers.html https://www.immd.gov.hk/eng/services/visas/foreign_domestic_...
- 4mo ago
- BLKNSLVR 4mo agoYou're breaking my heart. To pay $89,000 in taxes you'd have to be earning in the range of $350k. Do you think you're hard done by? I'd be rather annoyed if you were eligible for family support allowance in that earning range? (partially because I'd be missing out on a decent chunk of government support myself) What am I missing about your situation that makes it remotely sympathetic?
- shell0x 4mo agoIf you live in inner Sydney, the rent alone is $1350 pw and tax is ridiculous. I basically sold my stocks to have a down payment but then that got added on top of income. If i’d have stayed in HK, i’d have paid 0% for that. I just treat it as paying for Australian citizenship to make me feel better and it still comes out cheaper than buying a Saint Kitts and Nevis passport. Australian passport also opens up the E3 visa to go to the USA
- HDBaseT 4mo agoYou don't "have" to live in Sydney though. This is something immigrants like yourself fail to understand. It's a privilege to come into this country, its a privilege to live in Sydney. If you don't like it, you can leave. I make less (even before tax) than you PAID in tax, yet you still want handouts.
- N_Lens 4mo agoHe doesn't like and he does say he will leave, after getting the Australian passport first for opening doors.
- mgh95 4mo ago> It's a privilege to come into this country, its a privilege to live in Sydney. If you don't like it, you can leave. I hate to put it like this, but that's exactly what the poster is doing.
- HerbManic 4mo agoAlas for some people, their lifestyle will expand to fill their income. They could earn 10x as much, and it probably still wouldn't be enough.
- dools 4mo agoDon’t let the door hit you on the way out!
- gsinclair 4mo agoIf you made income, and enough gain in stocks to pay that much in tax, you should be happy. I want to know why you are keen to become an Australian citizen if you’re not enthusiastic about contributing your share. Constructive discussion about appropriate levels of taxation is important, but let’s at least agree that the things we rely on (roads, hospitals, schools, defence, …) cost something.
- HerbManic 4mo agoI don't think they realize that they are in the top 1% of earners on the planet with numbers like that. It is always funny to see how many think they are hard done even though by the numbers they are the winners by a wide margin.
- shell0x 4mo agoI lived in Singapore and Hk before, don’t drive, work from home and countries are pretty much interchangeable. I left Germany for high taxes for a reason. I pay private medical so don’t benefit much from tax anyway. No kids, no car, paid off my apartment. I can get much better value elsewhere right? If I tell you you can pick 3 dishes a) singapore: safe, low crime, low tax, efficient, excellent public transportation, better roads b) hk: safe, low crime, low tax, politically getting worse, excellent public transport, better airport c) australia: higher crime compared to the other too, high tax but bad services I basically pay for an overpriced dish with bland taste, so why would I keep doing that?
- HerbManic 4mo agoI'm sorry but you pay more in tax than I make in income! This sounds like your lifestyle creep has chewed up your money stream. Despite my significantly lower income, I manage to own my house in Melbourne. With your income I could have it paid down in a few years at most.
- BLKNSLVR 4mo agoWell done, good planning, good self-discipline! I'm in a similar boat, and can relate to the on-going management and suppression of lifestyle creep in order to reach worthwhile goals. It feels like a never-ending battle, even after 20 years.
- shell0x 4mo agoGood job paying that off. I’m sure Australia has benefits for some but without kids, not having grown up here, paying my own insurance and not driving I don’t really see it.