Have a read of this

[Big Dave]

Not forgeting that there are too many aussies in aussie

Obviously you have never been to Bondi either.

[Boob Johnson]

Obviously you have never been to Bondi either.

or the Gold Coast

[Creeping Death]

Not forgeting that there are too many aussies in aussie

Or Melbourne

[Clockwork]

...
Tax is good here, with no NASTY TAX for having a second job if you want/need one....

Is anyone one able to clarify this for me? I understand you pay tax at a higher rate on a second income because it's "assumed" by the IRD that the seconnd income will push you into the top tax bracket. I understood that at the end of the tax year, if the IRD's assumption turned out to be incorrect you are refunded your over-payment.

[avgas]

basically you have a tax bracket for the first 6K, if its your "primary" job then you don't pay that tax, for "secondary" jobs you pay it.
Better then when i was NZ and got taxed so much on my second job that i ended up with $5/hr in the hand.........i hadn't been payed that low since i was 12.
http://www.ato.gov.au/individuals/co...u=5053&mfp=001

[Clockwork]

Yes, I know there is a higher rate deducted from secondary income (because IRD would rather over-tax you than under-tax you, for obvious reasons) But I don't think they don't keep that extra tax when they balance the books at the end of the year.

For instance...
Job a pays $20,000 pa so you are taxed at 19 & 25% (dont recall the real rates and thresholds)
Job b pays $10,000 pa but IRD don't combine your two incomes and adjust one or either of your tax rates. They assume you are going to make more than $60k for the year and so tax the second income at 40%.

At the end of the year they see your total income was only $30k. Whoops you've been over-taxed (in this case your $10K should have been taxed $2500 not $4000, so they send you a cheque for $1500. Of course that doesn't help you pay your bills through the year but....

At least that's how I understand it works.

[chrisso]

i thought i would come back and lurk for a while as i had not been on KB for quite some time.
Australia is NZ in different pants. I think that figure of the average wage is over inflated by about 1-200 bucks/week.
Tax is good here, with no NASTY TAX for having a second job if you want/need one.
Lazy is a definition here, but not all follow it.
Public transport is poorly maintained, but installed and frequent - unlike NZ.
Some stuff is cheaper, otherstuff more expensive. Cars and Bikes have levels of expense and while you can get something good in NZ for less than NZ$2000, you are looking for well over AU$3000 over here for most.
New vehicles are cheap however so it levels out.

Australia is still very back country when it comes to shopping - f,all is online based (i miss trademe/pricespy), and most shops do not open for long hours (banks are the worst with 10-4, mon-fri).

Its all plusses and minuses really.
The one thing i don't like is all the monkey cackle that happens when they talk over here.

Beer is cheaper in Unzud....FFS, why is VB so cheap there?? its over $40 case here. Bikes are cheaper here-new CBR1000RR is 18.5 k( but then add On road costs )Those income figures are usually before tax.
The cost of living in Sydney is horridable..But probably compares to Auckland??. Petrol has gone done --now about $1.08 litre.
Anyway lets see the Black Caps beat these dirty sledging Aussies hehehe---cant see it though.

[avgas]

Yes, I know there is a higher rate deducted from secondary income (because IRD would rather over-tax you than under-tax you, for obvious reasons) But I don't think they don't keep that extra tax when they balance the books at the end of the year.

For instance...
Job a pays $20,000 pa so you are taxed at 19 & 25% (dont recall the real rates and thresholds)
Job b pays $10,000 pa but IRD don't combine your two incomes and adjust one or either of your tax rates. They assume you are going to make more than $60k for the year and so tax the second income at 40%.

At the end of the year they see your total income was only $30k. Whoops you've been over-taxed (in this case your $10K should have been taxed $2500 not $4000, so they send you a cheque for $1500. Of course that doesn't help you pay your bills through the year but....

At least that's how I understand it works.

I never received a rebate for the 40% tax on any of my second jobs in Aussie. As far as they are concerned 2 jobs, therefore 2 sets of tax rates. Job 1 gets normal rate. If you have job 2 then its at the max.......even if your only getting $50/day......
But then again i was getting anal raped by student loans/allowance so mabey they figured i deserved the bigger dildo or something.
I wish i could live on the money i made then, now. I could buy a new bike every year..... instead of the NONE i have now...... i'm getting twitches im not kidding.