Forum Replies Created
Hi Acehart,
try this website
http://www.sro.vic.gov.au/sro/srowebsite.nsf/taxes%20rates.htm?OpenPage&charset=iso-8859-1
I hope it helps
Fudge111[
]Wow!!!!!~~~~
That is a very comprehensive list, whenever i get stuck on an abbreviation from now on i’ll be clicking on this topic!
Thanks heaps Prop16
Fudge111[
]Good one Fizman, wallabies i think are at $2, so you can get 100% return in 1 day.
No seriously, if you do as Chris-Syd has said and focus in buying just a few, they will be close to being fully paid off, therefore you will have huge amounts of positive cash flows due to no loan repayment.
This is an option you can take if you would rather save some *Time* as you don’t have such a huge portfolio. You also have a higher pool of options as to which properties you purchase, you are not stuck to the 10% of +cf prop out there.
It depends on your needs and whether you want it to take up time or save you time, but that is probably what i would do, then i would use those positive cash flows to get a deposit for the next house and go from there.
Well, that’s my 2 cents worth
Fudge111[
]Nice one Brett,
first of how many?….
I think we are still 6-8 years off children to tell you the truth, but the time will come.
Fudge111[
]Hey Jeremy!
It is great for exams to be over, mine were finished over a fortnight ago, they were during the time i was distrubuting my spreadsheet via email, lol
Now I can make some $$$$ over summer
Fudge111[
][^][8D]Eng v Aus
Great game, can’t wait until the weekend!
Fudge111[
]Thanks Mal but I disagree,
A person who earns say $80,000 a year still gets the first 6000 tax free, the next 15600 at 17%, etc etc, so it is fair on everyone.
It would be unfair if your whole salary was taxed 47%, but this is not he case,
Fudge111[
][]Thanks Mal
I think that as long as the government gets its act together and spends its money on worthwhile causes the tax brackets are not so bad, i think especially that if we keep up the maximum tax brackets as they are it is not so bad, the rich should be taxed more heavily and the poor less heavily, that way we keep that gap between the rich and the poor as small as possible
Any other opinions?
Fudge111[]Everyone out there!
I would like to hear opinions about the tax brackets
ie. do you think the highest tax bracket is too low, ($62500)
basically, what is your opinion on the income tax rates in Australia,
Cheers
Fudge111[
][][^]I agree Kay,
I mean who in this world wants to see the rich get richer and the poor get poorer, we should tax high income earners like we do in Australia.
Yes, malpatti is correct, they are in force as of 2003-04
regards
Fudge111[
]Looks like the OESR site is only a qld initiative, if anyone has found something similar in Victoria, can you please reply
Thanks heaps
Fudge111[
][^]Don’t worry Gracey, you have to appear stupid at first to learn anything.
I had to ask what PPOR stood for[
]’primary place of residence’I also didn’t know what LOC was, ‘line of credit’
not to mention QS, ‘quantity surveyor’
My advice is, the more you ask the more you learn, i asked all these questions, and i don’t think people think i’m stupid, well, i hope they don’t anyway, lol
Fudge111[
]Thanks so much rentmaster
238 times!!!That’s amazing, i really can’t believe that, if you would have told me that when i first sat down in front of the comp ready to make a small ss for myself i woulda laughed so hard, lol
Well, thanks again, i will see what myself and Melbear can come up with, he has played around and made a more comprehensive version, could be a bit complex for some though, but i like it, we still have to iron out a few things there, then we may release that one as a alternative for people who prefer something more complex.
Regards Fudge111[8D][
][^][][8D]JUst a reminder to all, you can download the new version 1.1, from
http://www.rentmaster.co.nz/propertyinvesting/propretuen.zipHi Terryw,
I think if you look in the propterm sheets like say property 8, you will see there is a summary of all the cash flows from each of the properties, and the overall cf from the portfolio, this is then used to show the % of your income needed to source the portfolio
Fudge111[
][]Hang in there Jules,
With Interest rates on the rise we could see a selling frenzy and property prices may decline by 10-20%, with rents steadily but slowly increasing, i’m sure soon there will be alot more chance of finding cf+ properties,
Fudge111[8D][
]It basically means that for every person in the top tax bracket they save $602 in tax annually
Fudge111[
]Probably right there christine
However, in our case, we are still at uni and will start investing in about 2 years, perfect timimg i would say, so i would love int rates to go up for 3 reasons
1) Property prices will go down due to more supply than demand
2) More HOT properties will be forced into the market.
3) Our plan is based around paying off properties quick smart, 3 years or less, so int rates won’t affect us as much.Fudge111[
]Mel,
I just went to the ATO Website and that tax bracket is actually still 42%, not 43%
regards
Fudge111[
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][^][8D]
]’primary place of residence’
