Australia is OK

Cruyff14

TheBrownDog
Aug 16, 2011
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It’s only 45% above $180,000. Everything below that is taxed on progressively lower rates, including the tax free amount at the start. No one is losing close to 50% of their total income, it’s close to 30% overall.

An annual salary of $90,000 isn’t Scrooge McDuck rich but you sure as hell should be doing ok. If you have a second income, then you should be very ok. People are like goldfish, they grow their spending to match their income so they always feel like they are not quite there yet. But at $100,000 or more combined, you’re more likely to be in a nice house, have nice things, but your kids nice things etc. I know my wife and I are fortunate and I don’t actually begrudge tax so that society overall can have nice things.
$90k isn't a terrible wage by any stretch, but it's not as brilliant as some in here are alluding to. If I was bringing home $90k, I sure would be pleased. But it's not an elite salary.

And yeah, $100k combined or more and having a nice house in Melbourne is way off. Though, that is probably a very subjective term.
 

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SM

Bigfooty Legend
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$90k isn't a terrible wage by any stretch, but it's not as brilliant as some in here are alluding to. If I was bringing home $90k, I sure would be pleased. But it's not an elite salary.

And yeah, $100k combined or more and having a nice house in Melbourne is way off. Though, that is probably a very subjective term.
Yeah iopolo was just baiting.
 

Scotland

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May 5, 2006
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The marginal tax rate used to be 57%...

There's some numpties ITT. If you are lucky enough to earn $180k you've already paid $54k in tax before the 45% kicks in. Plus you pay the Medicare levy, and either the Medicare levy surcharge or a private health premium. It's almost like the more you earn you lose 30, 40, 50% of it... 🙄
 

Caesar

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Mar 3, 2005
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Resident tax rates 2019–20
Taxable incomeTax on this income
0 – $18,200Nil
$18,201 – $37,00019c for each $1 over $18,200
$37,001 – $90,000$3,572 plus 32.5c for each $1 over $37,000
$90,001 – $180,000$20,797 plus 37c for each $1 over $90,000
$180,001 and over$54,097 plus 45c for each $1 over $180,000


Not 50% or 49%. Not even close.
45% plus 2% Medicare levy plus 1.5% Medicare surcharge is very close to 50%.

I mean, most high earners have private health but 47% is still effectively half of every dollar you earn in the top bracket.

It's not a good system because it unduly penalises salary earners and rewards the super rich (who have more flexibility in structuring their income streams).
 

ioppolo

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Of course mate, bragging about your affordable living looking for the opportunity to look down your nose at anyone who dared live within 100km of the CBD. Bait.
Jeez offended much?

I live 25km from Perth's CBD. My suburb of residence has a high crime rate (by volume anyway, right on Perth's average by crime per resident). I wasn't looking down on anyone, just getting across that it is possible to not be in constant debt and struggling to survive, even on my unthinkably small wage
 
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SM

Bigfooty Legend
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Jeez offended much?

I live 25km from Perth's CBD. My suburb of residence has a high crime rate (by volume, average by crime per resident). I wasn't looking down on anyone, just getting across that it is possible to not be in constant debt and struggling to survive, even on my unthinkably small wage
Not really? Was just an observation.

Your "And there it is" comment about people needing to live in/near the CBD seemed pretty sneery but maybe I misread. :)
 

ioppolo

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Not really? Was just an observation.

Your "And there it is" comment about people needing to live in/near the CBD seemed pretty sneery but maybe I misread. :)
General throwaway. Whenever I mention this sort of stuff to people they turn their nose up at the idea of living in the burbs because the CBD is everything
 

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perthblue

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Jeez offended much?

I live 25km from Perth's CBD. My suburb of residence has a high crime rate (by volume, average by crime per resident). I wasn't looking down on anyone, just getting across that it is possible to not be in constant debt and struggling to survive, even on my unthinkably small wage
Kelmscott?
 

ioppolo

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Thornlie is a fine suburb. So is Maddington. Working class and normal.
Thornlie has quite a number of s**theads going around causing trouble. Break ins a extremely high. That being said anyone with even slightly tougher security measures is fine most of the time.

Maddington is worse than Gosnells. Every street has a dodgy AF house on it
 

perthblue

Norm Smith Medallist
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Thornlie has quite a number of s**theads going around causing trouble. Break ins a extremely high. That being said anyone with even slightly tougher security measures is fine most of the time.


Maddington is worse than Gosnells. Every street has a dodgy AF house on it
I find comfort in working class suburbs with high migrant populations
 

Cruyff14

TheBrownDog
Aug 16, 2011
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Rent, food, bills (water, electricity, gas), our dog (who is 60kgs with medical issues), plus whatever we splurge on (movies, going to dinner, drinks etc
Do you save much?

My wife and I are probably on a bit more than you and your partner after tax, but not that much more. And we definitely don't live as lavish a lifestyle as you guys.

We plunge most of our money into our mortgage and savings though.
 

ioppolo

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Do you save much?

My wife and I are probably on a bit more than you and your partner after tax, but not that much more. And we definitely don't live as lavish a lifestyle as you guys.

We plunge most of our money into our mortgage and savings though.
Some weeks we save plenty, other weeks were lucky to save $100. Depends what comes up with birthdays etc. We don't have a mortgage or rates though
 

Tayl0r

Moderator
Jul 16, 2009
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The marginal tax rate used to be 57%...

There's some numpties ITT. If you are lucky enough to earn $180k you've already paid $54k in tax before the 45% kicks in. Plus you pay the Medicare levy, and either the Medicare levy surcharge or a private health premium. It's almost like the more you earn you lose 30, 40, 50% of it... 🙄
The same tactic is used to get people to smoke less, drink less..
 

JackOutback

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Sep 15, 2011
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Where are you talking about here?
As pointed out, you can get places for around $300,000 in Armadale, Camillo way, Kwinana, Orelia, Medina, even around the Midland, Rockingham, way. Not the most desirable of places, but you could own your own place in short time if you’re willing to make those kind of sacrifices. Obviously most on $100,000 plus don’t want to and that’s their prerogative but it’s also their choice.
 
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