MaxAmps Race Edition Lipos

[Arct1k]

Need to add in state taxes and property taxes which I'm guessing are higher in the USA.

[PBO]

Originally Posted by Arct1k

Need to add in state taxes and property taxes which I'm guessing are higher in the USA.

There's more;

-Australian employers are required to make compulsory minimum 9% superannuation payments based on a 38hr week

-Most industry awards require overtime payments (1.5 x hourly pay rate) after 38 hrs worked

-Most industry awards incorporate penalty rates, allowances etc for respective tasks or situations

-Govt income tax rebates calculated on variable criteria

However as BIG-block mentioned cost of living needs to be applied also;

Sydney (for example) is apparently the 17th most expensive city
San Fran is the 95th
NYC is the 33rd

(http://www.xpatulator.com/outside.cfm?page=Locations internet compilation + ranking of 300 international cities)

I know for sure the cost of living will increase sharply in the next few weeks as we pay more for fresh food after the floods. Retailers win - farmers + consumers get screwed

[Finnster]

Originally Posted by Arct1k

Need to add in state taxes and property taxes which I'm guessing are higher in the USA.

Yeah, I glossed over that as they are quite variable from state to state (eg from 0-10%+ state sales tax, some states no income taxes) and I have no idea is if Oz has VAT taxes, fuel taxes, prop taxes or other such little taxes that rack up. Gets to be bit of a mess.

I do wonder what the overall tax burden would be if you added all that stuff up.

Originally Posted by Finnster

Yeah, I glossed over that as they are quite variable from state to state (eg from 0-10%+ state sales tax, some states no income taxes) and I have no idea is if Oz has VAT taxes, fuel taxes, prop taxes or other such little taxes that rack up. Gets to be bit of a mess.

I do wonder what the overall tax burden would be if you added all that stuff up.

Well I get $29/hour for assembling Toyota Camrys all day long. Not what one would call highly skilled labor but you do need certain skills. All in all a good job that doesn't require any education other that being able to speak english. I think it is pretty good. I can afford to make payments on my mortgage (I pay a little extra too) and also enjoy this hobby all on my single income. Not complaining one bit.

I don't pay property tax??? I do pay council rates which are $1200/year. Not sure if that is the same thing???? VAT???? Is that like import tax? If it is then everything bellow AU$1000 coming into the country is free of tax. Fuel is one thing that we get screwed on. We pay lots more for it that you guys in US do. Today I filled up at 134.9 cents and liter. Since a US gallon is 3.78541178 liters then times the 134.9 cents by that and you get $5.10 roughly a gallon of fuel. Just to make it easier for you guys to relate to that. I think that is pretty darn crap. Also food seems to be a lot cheaper in US. I have been looking on the net and seems like there is a fair bit of a price difference there in favor of you guys.

[PBO]

Originally Posted by BIG-block

Well I get $29/hour for assembling Toyota Camrys all day long.

So you're to blame

Originally Posted by BIG-block

VAT???? Is that like import tax?

VAT = Value Added Tax. It's like our GST except our retail pricing structure incorporates the GST & by law it can't be shown separately

For those that don't know, GST = Goods & Services Tax (10%)

[JERRY2KONE]

Originally Posted by BIG-block

Well I get $29/hour for assembling Toyota Camrys all day long. Not what one would call highly skilled labor but you do need certain skills. All in all a good job that doesn't require any education other that being able to speak english. I think it is pretty good. I can afford to make payments on my mortgage (I pay a little extra too) and also enjoy this hobby all on my single income. Not complaining one bit.

I don't pay property tax??? I do pay council rates which are $1200/year. Not sure if that is the same thing???? VAT???? Is that like import tax? If it is then everything bellow AU$1000 coming into the country is free of tax. Fuel is one thing that we get screwed on. We pay lots more for it that you guys in US do. Today I filled up at 134.9 cents and liter. Since a US gallon is 3.78541178 liters then times the 134.9 cents by that and you get $5.10 roughly a gallon of fuel. Just to make it easier for you guys to relate to that. I think that is pretty darn crap. Also food seems to be a lot cheaper in US. I have been looking on the net and seems like there is a fair bit of a price difference there in favor of you guys.

Yea I have lieved in many countries and I can assure you that teh USA pays way less for gas than most. Most of Europe has been paying upwards of $5 to even $10 a gallon for gas for quite some time now. Food is somewhat cheaper as well just because of the shear volume of food consumed overall.

Instead of paying extra on your mortgage you may want to think about putting that extra into a savings account just in case you get laid off or the plant shuts down for one reason or another. That would give you something to live off of in case the bottom falls out on you. Auto makers are notorious for paying a lot more than most for labor, because they are making a $hit load of money raping us for the cost of autos in general. We have seen plenty of plants shut all of a sudden without warning, and people get shell shocked when they have to go from making $35 and hour into a normal job making $15 to $20 an hour and cannot afford the level of lifestyle they are used to, because no one else out there is paying anywhere near that amount for an hourly wage. Good for you though, while it lasts.

[PBO]

Originally Posted by JERRY2KONE

Instead of paying extra on your mortgage you may want to think about putting that extra into a savings account just in case you get laid off or the plant shuts down for one reason or another. That would give you something to live off of in case the bottom falls out on you.

Don't US residential loans offer what we know as 'redraw facilities'?

The redraw allows you to access the extra payments in times of need all the while keeping the interest component down - win/win for the borrower with spare cash

[JERRY2KONE]

Originally Posted by PBO

Don't US residential loans offer what we know as 'redraw facilities'?

The redraw allows you to access the extra payments in times of need all the while keeping the interest component down - win/win for the borrower with spare cash

NO whatever you pay into the loan stays with the Bank, unless you refinance the entire loan with an increased value on teh property, and request to use some of the equity that may have accrued to pay off credit card debt or other loans/debts. The reason they do it that way is because they get to charge you all sort of fees for doing so.