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Offline 360c

  • 300kph+ club
  • Drug Dealer

  • Joined: Apr 2006

  • Drives: Purple People Eater
Compare what you pay in tax and see who's actually in front

Spot on Dave.
They pay max 15% income tax which kicks in at a high level anyway.
I would much rather get reamed on consumption than income.



Offline mtarone


  • Joined: May 2012

  • Location: Adelaide
Spot on Dave.
They pay max 15% income tax which kicks in at a high level anyway.
I would much rather get reamed on consumption than income.

The problem is also cost of living. He is paying over 9k per month for a 2 bed apart in a condo. Steak and cheese for example is absurdly expensive, such that when he visits Adelaide he packs a suitcase of frozen meat and cheese to take back.

Anyway, I was simply justifying my purchase, which made me feel good - don't bring me down guys! :)



Offline Fil-Ski


  • Joined: Feb 2009

  • Drives: 993TT
  • Location: Adelaide
Spot on Dave.
They pay max 15% income tax which kicks in at a high level anyway.
I would much rather get reamed on consumption than income.

Not only is tax lower but home loan interest rates are ~1.5%



Offline mtarone


  • Joined: May 2012

  • Location: Adelaide
Not only is tax lower but home loan interest rates are ~1.5%

Only for locals. Ex-pats don't have access to those rates, in addition must contribute something like a 20% (or is it 30%) down payment on any house they are wanting to buy. Its an attempt by the gov. to keep property ownership within Singapore, which is reasonable, but hasn't stopped (or even slowed down) Chinese and other nationalities swooping in and buying up big.



Offline JBO


  • Joined: Sep 2011

  • Drives: Something that doesn't meet my aspirations...yet...
  • Location: Adelaide
A mate of mine has it made in the shade.
He's working in Singapore at local tax rates.
His company pays $14k per month for his apartment adjacent orchard road.
The apartment is completely off the chain - 4 bedrooms, 3 bathrooms, maid's quarters, incredible pool deck, gym, spa etc.
The kitchen is massive, black granite, all gaggenau appliances, plus butler's kitchen behind it.
When they moved in he was given a $80k allowance for furniture and $20k for electronics/appliances.
When he moves back to Oz he can bring all the furniture with him.
They have a live in maid/chef/childminder
He earns several hundred thou a year
His wife does not need to work
They own a villa in Adelaide they are renting out for good money and another property in Five Dock in Sydney also rented.
Only downside is there's no surf! Close to Indo for sure for surf getaways but getting time away from a high paying job in singers is hard - they want high input for all those benefits!
The cars parked in an around his building are amazing - supercar alley.
He doesn't own one as there is no need and the prices are in the nosebleed section.
This anonymous clan of slack-jawed troglodytes has cost me the election, and yet if I were to have them killed, I would be the one to go to jail. That's democracy for you. - C Montgomery Burns.



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