3 ms·
Probably! Interestingly, if I had $1m to invest and split it with my wife, with Australia's tax cutting in at 19c for each $1 over $18,200 up to $37,000, we wo
by femto 13y ago
Probably!
Interestingly, if I had $1m to invest and split it with my wife, with Australia's tax cutting in at 19c for each $1 over $18,200 up to $37,000, we would pay $2584. Since we have children, we qualify for a tax break called the family tax benefit [1], which would pay $13,773 per year. Total post-tax return would be $61,189. A yield of 6.12%, risk free! Now where did I put my million dollars?
[1] http://www.humanservices.gov.au/customer/enablers/online-estimators http://www.humanservices.gov.au/customer/enablers/online-est...