hawkeye08
Elite Member
Supposedly, there is going to be an early retirement offer coming to my email soon.. We've been thinking on it, have not done our homework to see if it is financially feasible yet, but will be in the coming months.
Officially retired
- Thread starter bunyip
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Big Barn
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As some of you know I retired early to raise my daughter.
Truth be told I had NO idea that in addition to “being there” for her how MUCH I would actually enjoy it. I cannot imagine life being any better.
Truth be told I had NO idea that in addition to “being there” for her how MUCH I would actually enjoy it. I cannot imagine life being any better.
Big Barn
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hawkeye08
Elite Member
Offer came for early retirement today. Not a bad deal, good incentive to retire. Likely going to take it, then figure out income (we are pretty sure we have enough to have a good income). This kind of offer will likely not happen again in the next 5 years, this is a good time.
drivesitfar
Silver Member
Hawk: even if it's a little less money or you have to sacrifice a few things you will THE BOSS OF YOUR DAY (except when your bride wants to do something else). BEST OF LUCK and hope it all works out.
Best of luck. Normally, working longer than needed to retire doesn't really increase the retirement pay that much unless your wages have increased by a substantial amount for the last 3 years or so. I could have worked another 5, 10,or 15 years beyond my 30 but it wouldn't increase my retirement pay by that much. It was time for me to go after 30 and I haven't regretted it a bit (missed it for the first 10 years though).
OP
bunyip
Elite Member
When it comes to taxes our government are experts at gouging, most products have a 10% GST (Goods and services tax) but it only gets better from there.
If you want cigarettes, fuel, alcohol and a few other bits and pieces they not only impose this GST but the will be other little gems too such as a tariff, levee all over and above the sales tax, then we want to buy a home, I'll throw in a figure of $1m, depending upon what state you live in this will cost from $10k to $56k, for tax, stamp duty (nearly forgot that little gem) so it essentially means you get taxed on a tax then get another tax on the total of the previous two.
Car registration attracts tax on the registration fee and the compulsory 3rd party insurance then a stamp duty, it is a combined fee and the insurance is for injury only and a component of registration, it varies a little between states but not avoidable or negotiable.
It is so silly that to buy a carton of local beer the cost is about $60, I don't like local and buy imported which is about $45 because they get some concessions for importing (????).
I get taxed on my income at about 30% but the first $18000 is tax free, I salary package (or did) because I work in health and get an additional $16500 tax free then cop the rest later.
We pay a tariff on a newe car to protect the local industry which doesn't exist, there are no cars made here any longer but we still pay for it, my wifes Hyundai i30 cost just over $24k, a 4WD such as a Toyota Landcruiser is about $100k and attracts a luxury car tax because it is over $70k, I don't think a Landcruiser is a luxury car.
There is talk of taxing my rainwater tanks such is the efficiency of local government, I can't sink a bore without a permit, to take water from the river requires a licence, how long before we get a tax to breath depending upon our lung capacity.
If you want cigarettes, fuel, alcohol and a few other bits and pieces they not only impose this GST but the will be other little gems too such as a tariff, levee all over and above the sales tax, then we want to buy a home, I'll throw in a figure of $1m, depending upon what state you live in this will cost from $10k to $56k, for tax, stamp duty (nearly forgot that little gem) so it essentially means you get taxed on a tax then get another tax on the total of the previous two.
Car registration attracts tax on the registration fee and the compulsory 3rd party insurance then a stamp duty, it is a combined fee and the insurance is for injury only and a component of registration, it varies a little between states but not avoidable or negotiable.
It is so silly that to buy a carton of local beer the cost is about $60, I don't like local and buy imported which is about $45 because they get some concessions for importing (????).
I get taxed on my income at about 30% but the first $18000 is tax free, I salary package (or did) because I work in health and get an additional $16500 tax free then cop the rest later.
We pay a tariff on a newe car to protect the local industry which doesn't exist, there are no cars made here any longer but we still pay for it, my wifes Hyundai i30 cost just over $24k, a 4WD such as a Toyota Landcruiser is about $100k and attracts a luxury car tax because it is over $70k, I don't think a Landcruiser is a luxury car.
There is talk of taxing my rainwater tanks such is the efficiency of local government, I can't sink a bore without a permit, to take water from the river requires a licence, how long before we get a tax to breath depending upon our lung capacity.
ovrszd
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I'm sorry to hear that. Not having any personal experiences in Aussie I don't quite understand why the taxes are so demanding. You have never mentioned any extreme social programs that would eat up the tax revenue. Why does the government need such extreme taxation? I'm not condemning, I'm educating myself. Thanks for any details you may offer.
Alien
Elite Member
Bunyip. Sadly the government has no right to charge for water nor any rights to sell it in the first place. Our constitution states this but they ignore it.
Could the Constitution protect farm water from coal seam gas?
Could the Constitution protect farm water from coal seam gas?
