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Join Date: Nov 2008
Location: Hong Kong
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Are you saying that there are zero ID90 tickets to travel to and from work? You mean I am paying for a ZED fair which basically means I will be paying for the taxes?
To be honest, the idea of living in the city is somewhat of a turn off to me. I would much prefer to be 45 min to 1 hour outside and commute in. Am I to assume that voiceofreasons 12k for 1400 Sq. Ft. is a reasonable price if you live outside the main city?
Finally, taxes! Living within HK I am to assume everything is taxed at 15%?
Join Date: May 2002
Location: up here, everyone looks like ants!
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In case you haven't been paying attention, HKG Govt now require 25% down on all properties < HKD6 million, 50% on properties over HKD6 million. It's meant to curb speculation by mainlanders. All it's done is shut locals out of the market entirely.
ID90 (zone fare) HKG-TPE HKD564 return (economy). Flights always full, many commuting cabin crew. You'll be lucky to get on. I would suggest that unless you want to plan on coming back a few days ahead of your rostered (scheduled) flight, you'll need a full fare ticket - USD200 each way.
IF you can find a 1400 sq ft place for HKD6.3 million, rentals will be north of HKD23K per month exclusive of taxes and "management fees".
You are taxed on income, discretionary bonus, other bonuses, education allowance and rental assistance. 15% is the cap on salary, but my tax bill frequently exceeds 20% of gross income. It may only take 20 minutes to complete a tax return, but by G*d, they get their money.
If you're a US citizen, remember that you have to file for Uncle Sam as well, and he'll want his share after USD70 or USD80K (or thereabouts) too.
NO taxation agreements between HKG and Canada at present, the guys and girls are being taxed by both countries on their after tax income. Punitive right now. It's under appeal, but pay first, debate later.
ID90 (zone fare) HKG-TPE HKD564 return (economy). Flights always full, many commuting cabin crew. You'll be lucky to get on. I would suggest that unless you want to plan on coming back a few days ahead of your rostered (scheduled) flight, you'll need a full fare ticket - USD200 each way.
IF you can find a 1400 sq ft place for HKD6.3 million, rentals will be north of HKD23K per month exclusive of taxes and "management fees".
You are taxed on income, discretionary bonus, other bonuses, education allowance and rental assistance. 15% is the cap on salary, but my tax bill frequently exceeds 20% of gross income. It may only take 20 minutes to complete a tax return, but by G*d, they get their money.
If you're a US citizen, remember that you have to file for Uncle Sam as well, and he'll want his share after USD70 or USD80K (or thereabouts) too.
NO taxation agreements between HKG and Canada at present, the guys and girls are being taxed by both countries on their after tax income. Punitive right now. It's under appeal, but pay first, debate later.
Join Date: Oct 2005
Location: USA
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Thanks Capt.Under for the pointers.
I believe Uncle Sam wants his share on income above $91,500, and IIRC you may use housing as deductible if you pay $30,000/yr or more. In any case, not a "good deal" which ever way you want to spin it.
I believe Uncle Sam wants his share on income above $91,500, and IIRC you may use housing as deductible if you pay $30,000/yr or more. In any case, not a "good deal" which ever way you want to spin it.
Join Date: Oct 2007
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It's not a good deal... which is what people have been trying to convey.
For 20 years the benefits package has deteriorated due to a glut of pilots on the market. The bean counters have had a field day...
To continue with paying a low wage they are trying to entice pilots (with little to no flying experience) with a "joiners" loan. Just so they can continue to pay a low wage.
Why not pay pilots like they used to? Market forces....if you pay them they will come.
For 20 years the benefits package has deteriorated due to a glut of pilots on the market. The bean counters have had a field day...
To continue with paying a low wage they are trying to entice pilots (with little to no flying experience) with a "joiners" loan. Just so they can continue to pay a low wage.
Why not pay pilots like they used to? Market forces....if you pay them they will come.
Join Date: May 2004
Location: 3.5 from TD
Age: 47
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The funny thing is, that some people will leap at this "joining bonus", but not enough to meet the demand. So eventually, the company will restore the package to where it should be and the people who leapt at the loan will have wished that they had held out for better conditions.
Don't be fooled by the bow on the turd! It might be a really pretty bow but you are still getting shat on.
Don't be fooled by the bow on the turd! It might be a really pretty bow but you are still getting shat on.