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shell0xyesterday at 10:42 PM6 repliesview on HN

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%


Replies

BLKNSLVRyesterday at 11:19 PM

You'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?

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shitloadofbooksyesterday at 11:16 PM

As 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.

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gsinclairtoday at 12:01 AM

If 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.

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doolsyesterday at 11:36 PM

Don’t let the door hit you on the way out!

sumedhyesterday at 10:57 PM

Why are you not leaving right now?

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HerbManictoday at 12:20 AM

I'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.

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