wherebee Posted October 21, 2010 Share Posted October 21, 2010 A mate of mine has just had his end of year tax statement in Australia. Earns equivalent of GBP35k. Income tax paid 6000GBP. All legal, no sneaky tweaks, no funny business, simple PAYE plus a couple of minor deductions (500 bucks) for work related expenses. Looks like the UK income tax would be about 9k. His health insurance and super (pension) are 100GBP per month. Just thought you might to tell your friends and fellow taxpayers in the UK there just how much we lose to the public sector and welfare parasites in comparison. Quote Link to comment Share on other sites More sharing options...
cardiffone Posted October 21, 2010 Share Posted October 21, 2010 A mate of mine has just had his end of year tax statement in Australia. Earns equivalent of GBP35k. Income tax paid 6000GBP. All legal, no sneaky tweaks, no funny business, simple PAYE plus a couple of minor deductions (500 bucks) for work related expenses. Looks like the UK income tax would be about 9k. His health insurance and super (pension) are 100GBP per month. Just thought you might to tell your friends and fellow taxpayers in the UK there just how much we lose to the public sector and welfare parasites in comparison. Not quite as simple as that though is it? What are the hidden taxes on fuel, local authority, etc Then how good are public facilities, roads, public transport, pavements? list goes on, point is its complex to compare. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted October 21, 2010 Share Posted October 21, 2010 Plus if you were to invest in housing then the tax breaks are even better and leave the UK for dead. Let me just stop you right there... Quote Link to comment Share on other sites More sharing options...
tim123 Posted October 21, 2010 Share Posted October 21, 2010 Not quite as simple as that though is it? What are the hidden taxes on fuel, local authority, etc Then how good are public facilities, roads, public transport, pavements? list goes on, point is its complex to compare. Looking into this it seems that the Ozzie tax burden is 7% lower than the UK. This is (almost) entirely due to the fact that Oz does not have an NI levy on employers or employees. Other taxes collect similar amounts (of GDP) as in the UK. What it is that Oz doesn't spend this 7% on is another question. tim Quote Link to comment Share on other sites More sharing options...
alexw Posted October 21, 2010 Share Posted October 21, 2010 (edited) Looking into this it seems that the Ozzie tax burden is 7% lower than the UK. This is (almost) entirely due to the fact that Oz does not have an NI levy on employers or employees. Other taxes collect similar amounts (of GDP) as in the UK. What it is that Oz doesn't spend this 7% on is another question. tim pensions. We have a much older demographic profile than they do. Edited October 21, 2010 by alexw Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted October 21, 2010 Share Posted October 21, 2010 If the UK balance of trade was positive like australias has been lately then they could easily afford a 7% tax cut with those extra income and company taxes rolling in they'd still be ahead. Quote Link to comment Share on other sites More sharing options...
cardiffone Posted October 21, 2010 Share Posted October 21, 2010 Looking into this it seems that the Ozzie tax burden is 7% lower than the UK. This is (almost) entirely due to the fact that Oz does not have an NI levy on employers or employees. Other taxes collect similar amounts (of GDP) as in the UK. What it is that Oz doesn't spend this 7% on is another question. tim Does this include their import duties? Where does the extra 7% go?I think is called infrastructure, defence and pensions? Quote Link to comment Share on other sites More sharing options...
easy2012 Posted October 21, 2010 Share Posted October 21, 2010 (edited) A mate of mine has just had his end of year tax statement in Australia. Earns equivalent of GBP35k. Income tax paid 6000GBP. All legal, no sneaky tweaks, no funny business, simple PAYE plus a couple of minor deductions (500 bucks) for work related expenses. Looks like the UK income tax would be about 9k. His health insurance and super (pension) are 100GBP per month. Just thought you might to tell your friends and fellow taxpayers in the UK there just how much we lose to the public sector and welfare parasites in comparison. The reason you are getting this is because £ has tanked and Aussie has shot up. If you adjust the salary for purchasing power parity, his A$56k salary doesn't go as far as £35k in UK. Australia GDP PPP : 851.1 billion (2009 est.) Australia GDP Realex : $997.2 (jumped due to strong AUD) So, Australia is 1.1716 times more expensive than the US. UK GDP PPP: 2.128 trillion (2009 est.) UK GDP Real Ex: $2.184 trillion (2009 est.) So, UK is about 1.026 times more expensive than US or Australia is 1.142 times more expensive than UK. Source: https://www.cia.gov/library/publications/the-world-factbook/geos/as.html So, A$56k is comparable to £30.64k salary in the UK. This page ( http://www.bobinoz.com/blog/2667/cost-of-living-in-australia-wages-compared/ ) then gives a UK median salary of £25331 (presumably this is median full time wage) while a full time average wage in Australia is $64,594. So £30.64k earning is about 15% above median wage in the UK while a A$56k earning is 15% UNDER media wage - which should translate to lower tax (as income is lower). Edited October 21, 2010 by easybetman Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.