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shokwave comments on Group rationality diary, 7/9/12 - Less Wrong Discussion

3 Post author: cata 10 July 2012 08:35AM

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Comment author: shokwave 10 July 2012 04:56:46PM 1 point [-]

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?

Comment author: MileyCyrus 10 July 2012 11:28:54PM 1 point [-]

It's not exactly clear. The most plausible way I could become a resident for tax purposes is

are visiting Australia for more than six months and for most of that time you live at the same place, and you either have or establish ties in the local community.

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.

Comment author: shokwave 10 July 2012 11:40:55PM 2 points [-]

Probably? Making a few friends, not being shunned. I suspect that clause is mostly there to prevent someone from gaining residency on a technicality.