If you earn less than $37,001 per year, you will have up to $500 of the tax you paid on your concessional super contributions refunded into your super account by the Australian Taxation Office through the Low Income Tax Offset (LISTO). If you earn more than $250,000 per year (includin...
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The loss per share included net interest expense of $0.7 million and total expenses of $4.4 million, partially offset by net realized and unrealized gains of $0.1 million on Residential Mortgage-Backed Securities (RMBS) and derivative instruments, including net interest income on interest rate swaps...
Lastly, when members reach the age of retirement and begin receiving income stream payments from their fund assets in the form of pensions or lump sums, these payments may be received completely tax-free under certain circumstances. These generous tax benefits make SMSFs an appealing option for...
It is important to consider the tax implications and potential scams before using your superannuation to pay off your mortgage early. Be wary of ‘too good to be true’ offers.Superannuation and tax ‘strategies’ to reduce your mortgage are often advertised on social media. These strategies shou...
When money is as cheap as it is now, debt makes sense. Lock it in long term if possible. National debt is a different animal from personal debt or even corporate debt. Using debt to rebuild the nation makes perfect sense provided that we don’t do stupid tax cuts. ...
While no single energy source is ready to take the place of fossil fuels, their diminishing availability may be offset by a regimen of conservation and a combination of alternative energy sources. This will not solve the problem, however. As long as population continues to grow, conservation is...
The SAS curve will not shift, since the wage increase is exactly offset by a productivity increase. What will happen to the position of the SAS curve and/or LAS curve in the following circumstances?c. Wages that were fixed become flexible, and aggregate demand increases. The SAS curve will...
Income tax is about a third of our taxes and they usually leaving out the part about it being income tax to imply they pay a third of the total tax bill to make them sound more picked upon. The top 1% get more than £160,000 and up to many millions - so do not cry too hard...
at about a 15% discount just from not paying VAT (however, I don’t get free shipping so that offsets that benefit somewhat). (sales tax in the US is added to the price you see, the amount varies widely throughout the US from 0-10%, though it is never charged outside of the ...