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MileyCyrus comments on Group rationality diary, 7/9/12 - Less Wrong Discussion
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Right now I'm paying 31% taxes out of my $15.79 base pay rate. (Edit: this will probably be reduced if I become a resident for tax purposes.)
(Base pay + superannuation + unused holiday pay) - (taxes + meal deductions) = $10.89/hr
Significantly reduced. Not sure if residency differs from citizenship, but the first $18,000 you earn is tax-free, then 19% between 18,000 and 37,000, then 32% up to $80,000 (followed by 37% up to 180,000 and 45% from there on). Source
This averages out to something like 7.5% overall? Pretty decent! What's involved in becoming a resident?
It's not exactly clear. The most plausible way I could become a resident for tax purposes is
The fiscal year starts July 1st. So if I work here another five months, and then get another job near Alice Springs for a couple months, I could pull off the first requirement. Not really sure what having or establishing ties in the local community would entail. Louie managed to get resident status, so maybe I'll ask him about it.
Probably? Making a few friends, not being shunned. I suspect that clause is mostly there to prevent someone from gaining residency on a technicality.
Not bad. Subtracting commute costs, my pay just barely clears that (and I live at home, so I basically have 0 cost of living right now).
Thanks for doing this as a data point for the rest of us-- sounds like it's working out well for you, too :)