- Joined
- 20 May 2011
- Posts
- 1,544
- Reactions
- 1
See, I can tell his guy is a total bauss - he knows the right way to live such that your hard work isn't taken away by the communist party and redistributed to bogans who have too many children.
That is part of the reason I am working and living in Singapore now.
Yeah I pay a lot more for housing but I no longer pay 100k tax a year.
I didn't say it's 48%, I said 45%. And that's what it is, check the ATO site for 2012-2013 taxes if you don't believe me.
Again you cannot think about how anything actually works in practicality. All you know is 1 page deep of basic information. Zilch experience.
Unlike you I trade and do pay tax. 30% after expenses. Thats what it is.
Along similar lines you'd be amazed at the level of misunderstanding about how the tax system actually works.That reasoning is along the same lines of declining a pay rise because it would otherwise move you into a higher tax bracket.
Sure you can set up a company to trade. But in Singapore you'd be paying 17% versus your 30%. Justify that.
Why is it that some people tend to suggest that moving countries is as simple as buying a plane ticket. Do you really think there isn't anything more to it than that? Are you so naive?
Again unlike you I've been to Singapore. Please go and live there by all means.
SCM tell us how much you will be taking over and how much you expect to be making based on previous returns and then will know how suited it is?
LOL
No point whinging about tax if you're never going to make millions trading if you ask me. If you were doing it, you certainly wouldn't be on here.
SCM tell us how much you will be taking over and how much you expect to be making based on previous returns and then will know how suited it is?
LOL
It's hard to say, I haven't even been trading a year.
Sure you can set up a company to trade. But in Singapore you'd be paying 17% versus your 30%. Justify that.
Nope you dont even pay 17 percent no where near it.
If you set up a company and pay yourself a minimun salary and then redistribute your profits as tax free dividends then effective tax rate is about 4 percent on 400k..
Even if you are paye employee earning say 200k a year your effective tax rate is only 10 percent roughly.
Why do you even bother arguing with scm?
It's hard to say, I haven't even been trading a year. Hell, I haven't even began. Just wait till I finish my stock analysis software. I will probably sell the recommendations in some stock newsletter or something.
Lol. I was going to ask the same thing.
Arguing with SCM has to be up there in terms of being the top time-wasting pursuits on ASF (along with topics like FA vs TA debate).
Wow, that is absolutely amazing - no wonder Singapore is one of the best countries in the world. I'll be sending you some PMs.
You can set up a company online cheap and easy only takes a few days.
Then for the first couple of years new companies can distribute tax free dividends.
You need to pay yourself a minimun wage and then the rest as i said you can distribute tax free.
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