In article ,
Kerry wrote:
> In article ,
> "Glitch NZ" wrote:
>
> > On 5/01/2005 6:41:36 p.m., wrote:
> > >http://www2.stats.govt.nz/domino/external/pasfull/pasfull.nsf/web/Media+Rel
> > >ea
> > >se+External+Migration+November+20
> > 04?open
> > >
> > >There was a NET outflow to Australia of 14,100 in the November 2004
> > >year.
> > >So what are so attractive across the ditch??? Care to share pls.
> >
> > I am currently looking at moving to aussie, now that the election result
> > has
> > come in - and its for a very simple reason. I am 23 year old single male
> > and
> > have $13,000 student debt. I work 60 hours a week and the government
> > collects
> > 49 percent of my earnings. in other words I am working over 29 hours a week
> > to feed the mouths of children people have to get tax cuts. In australia I
> > will get paid more and taxed less. I will also be able to scrap my loan all
> > together. I would actually be able to save up and secure my future rather
> > than rely on Aunty Helen to decide whats good for me. Why would I stay
> > here?
In Australia on $60,000 pa you will pay $285 tax plus $28 Medicare levy
a week. You will also be required to pay back your student loan, lets
presume you are honourable and pay it back in the way you should when at
home, or are you planning on being a bludger like those you so decry?
So that's $83.50 student loan repayment per week in NZ or Australia
Net pay in Australia $757 per week
In NZ you would not have to pay the medicare charges, you would still
have the student loan, but no interest charges, so the loan can be paid
off faster
Net pay in Nz $774 in the hand per week, and a student loan paid off
much faster than it can be in Australian $. Cost of living is higher
there too, housing etc is more
42c in the $ would be your salary top tax rate in Aus, plus 1.5%
Medicare levy and 1% Medicare surcharge. PLUS the 10c in the $ student
loan repayment you are honour bound to make back to NZ
Top tax rate here is 33c in the $ for that salary, no medicare payments,
and of course you would pay back your student loan, as you should, but
you will save $1,000 or so a year in interest written off, and pay off
your loan significantly faster, several years faster.
Unless you have some secret, and 23 year olds are paid significantly
more in Aus, you are wrong to say you will pay less tax there.
--
Just because something is beyond your comprehension doesn't mean
it is scientific. |