Taxpayers earning under $150,000 would be better off under a plan to retain the 37% tax bracket, unwinding the Morrison government’s stage-three tax cuts due to come into effect this year
I make ~150k total comp. I got the job during pandemic.
I got really close to affording a house, but then RTO happened so I had to move closer to the office. Around the same time house prices ballooned.
Rent within an hour of the office is now half my monthly income. In my case there are other bills involved as well. I am very fortunate I can save money right now l, but I don’t see every ten years being possible if things remain as they are today.
Hoping I can find a comparable job this year, somewhere cheaper, and happier to live.
that’s gross remember. It’s defs good money but it’s 110k ish annually. If you’re on 50k gross you’re getting 44ish annually? so it’s 2.5 times your income.
Although a lot of people earning that much assuming they’re not sole income for a family can probs afford tax minimising shenanigans though.
Idk I earned 120 gross at one point supporting 2 people (myself and sick partner) and it was defs not have to worry about much money but not save for a house with 600 a week coming out for a shitbox with an outside dunny and a 40 minute commute by PT. Single person or DINK and you’re laughing though.
$150,000???
That’s like 3x my income, that’s I could buy a house every 10 years money. Fuck that noise, people with that much don’t need a tax cut.
It depends on area as well.
I make ~150k total comp. I got the job during pandemic.
I got really close to affording a house, but then RTO happened so I had to move closer to the office. Around the same time house prices ballooned.
Rent within an hour of the office is now half my monthly income. In my case there are other bills involved as well. I am very fortunate I can save money right now l, but I don’t see every ten years being possible if things remain as they are today.
Hoping I can find a comparable job this year, somewhere cheaper, and happier to live.
Rent is way more than half my income. If I had an extra $100,000 a year I’d be set for life.
that’s gross remember. It’s defs good money but it’s 110k ish annually. If you’re on 50k gross you’re getting 44ish annually? so it’s 2.5 times your income.
Although a lot of people earning that much assuming they’re not sole income for a family can probs afford tax minimising shenanigans though.
Idk I earned 120 gross at one point supporting 2 people (myself and sick partner) and it was defs not have to worry about much money but not save for a house with 600 a week coming out for a shitbox with an outside dunny and a 40 minute commute by PT. Single person or DINK and you’re laughing though.