Australian (ASX) Stock Market Forum

Thank God I'm Australian

I heard that the tax rate for Australian is very high, about 50% if you include the insurance. That means you only take home half of your salary, is it true?

It's a bit hard to work out BREND.

Income tax is not that high, but there are hidden multi layers of taxation that I believe make the total tax take in excess of 50% of GDP.

I stand to be corrected on that, but that is what I read somewhere.
 
Each country seems to have different taxes and benefits. Some might say that if you live in a cold country then you pay more tax and costs on heating etc.,
Petrol and Diesel in Europe is very expensive. About AUS$2.65 a litre for diesel. VAT in Europe on purchases is between 16% and 22%.
Various forms of Annual Housing Taxes can cost between AUS$1,600 to AUS$3,000. Plus County and local council taxes.
UK tax on earnings is 20% and 40%, but NI is around 10% or 11% extra.
Old age pensions vary throughout Europe.
Taxation in America and Canada seems lower. By the time you pay extra because retirement pensions are lower and pay loads for health insurance. Then it suddenly looks a worse deal

In parts of Europe its colder in the Summer, than it is in winter for most of Australia.

This adds more to the comment by wayneL, "It's a bit hard to work out BREND".
 
So far from this thread, I gather that the only thing that defines being Australian is:
- not knowing what being Australian actually means?
 
Why would this guy being interviewed by Moonface, stay for 10 years and still not like OZ?

..............

because...

..............

Don't you just love it

..............
 
Did they? I thought they sent their convicts out here, with the exception of South Australia, where the free settlers went, ditto New Zealand. A critic could draw all sorts of implications from such a settlement of Australia.


I guess bragging about your ancestors being convicts and proud of the fact may well be uniquely Australian.
 
how long do you need to simply reside in aUSTRALIA to quaffify to be an aUssie??
3 years..
...5 years..
....10 years...
..........40000 years???
de only raison I haven't signed up to be one yet is that I would have to vote...
..... and I blankly refuse to vote for any politician...
........... self serving sypholitic sycophants...
................."censored...."
........ mmm
Slainte
..............Kauri

;)

Any resident of Mandurah that can put up with the mossies automatically qualify ;)
 
I tried to claim land rights here, being an ethnic Pom.

They said: Sure! Just hand over 250k, sign on the dotted line and it's yours. :eek:

Good laugh there Wayne.I can`t say I have received any freebies during my existance either.That piece of scrub near the river is now worth millions of dollars and probably bought/sold/taxed countless times.
 
It's a bit hard to work out BREND.

Income tax is not that high, but there are hidden multi layers of taxation that I believe make the total tax take in excess of 50% of GDP.

I stand to be corrected on that, but that is what I read somewhere.

Thanks for replying. So how much is the income tax for an average person? 40%?

Franking speaking, how do you all guys cope with mortgages? The interest rate is SO HIGH now.

If I am an Australian, I wouldnt want to invest in anything, I will just park all my money in the bank. Good for depositers but bad for borrowers.
 
Yes, despite Krudd and Co (who I didn't vote for). I love Australia!!!!

Despite our challenges and knock of head ideas - which is very stimulating - I wouldn't live anywhere else.

Any country can be a pain to live in but it is more than tax rarara. We have a great landscape, fascinating mixed culture, can do attitude and much much more.
 
What ? I can't resonate with the OP at all. I must admit I have no idea what he is talking about.
 
Ask people overseas who have never been to Australia and they think there are no banks in Australia, kangaroos are jumping up and down the road all day and if you go swimming at the beach you will get eaten by a shark.
I can understand someone getting the impression about kangaroos and sharks at the beach from films etc. But no banks? How are people getting that impression? It's certainly never occurred to me that any country wouldn't have banks - they're pretty much everywhere, at least that's what I've always understood. :confused:
 
How long before we lose our typical True Blue Aussie identity?

The sooner the better.

Good posts by Wayne and Trembling Hand. What is "Australian" these days, and how exactly is it unique? That "true blue, fair go, pull ya weight mate, she'll be right" is rubbish in my opinion. These real "aussie" types often also seem more likely to be ignorant, racist, xenophobic, unproductive and great whiners.
 
The sooner the better.

Good posts by Wayne and Trembling Hand. What is "Australian" these days, and how exactly is it unique? That "true blue, fair go, pull ya weight mate, she'll be right" is rubbish in my opinion. These real "aussie" types often also seem more likely to be ignorant, racist, xenophobic, unproductive and great whiners.

Totally agree. Perpetuating this myth seems to make many people feel more comfortable about themselves and as a result the myth continues....
 
The sooner the better.

Good posts by Wayne and Trembling Hand. What is "Australian" these days, and how exactly is it unique? That "true blue, fair go, pull ya weight mate, she'll be right" is rubbish in my opinion. These real "aussie" types often also seem more likely to be ignorant, racist, xenophobic, unproductive and great whiners.

You had to be born someplace in the world. I was born here and love my country. Is that a problem? Lumping people with characterists you mention just because they were born here is naive.

Where were you born?
 
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