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Taxation - Comparisons

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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.

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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.

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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

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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 by alexw

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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.

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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?

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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 by easybetman

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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