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Old 6th Oct 2013, 00:39
  #30 (permalink)  
500N
 
Join Date: Jan 2008
Location: Australia - South of where I'd like to be !
Age: 59
Posts: 4,261
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Metro

"Once the ATO had gouged 35% of my pay the remainder
wouldn't go nearly as far as it does here."

Depending on the lifestyle someone wants to live, I feel at a basic
level that the opportunity to decrease tax in Aus but increase what
you own - wealth via houses etc is better in Aus than other countries.

I have a mate in Darwin, just retired at 52 or so, has 5 or 6 houses
around Aus and lives off the income. He was never a high flyer in
terms of jobs, almost always worked for Gov't in the Environment
field and just spent wisely.

Not sure what the opportunities for Negative gearing etc are overseas
but it is a boon to those in Aus who can use it.
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