this post was submitted on 24 Jan 2024
68 points (97.2% liked)

Australia

3611 readers
123 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

Banner Photo

Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone

founded 1 year ago
MODERATORS
lodion@aussie.zone
Fluid@aussie.zone
bestusername@aussie.zone
eatham@aussie.zone
68
Stage-three tax cuts: cabinet approves new cost-of-living relief for workers on less than $150,000 (www.theguardian.com)
submitted 9 months ago by gumnut@aussie.zone to c/australia@aussie.zone
16 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] Marsupial@quokk.au 6 points 9 months ago (1 children)

Rent is way more than half my income. If I had an extra $100,000 a year I’d be set for life.

[–] naevaTheRat@lemmy.dbzer0.com 4 points 9 months ago

that's gross remember. It's defs good money but it's 110k ish annually. If you're on 50k gross you're getting 44ish annually? so it's 2.5 times your income.

Although a lot of people earning that much assuming they're not sole income for a family can probs afford tax minimising shenanigans though.

Idk I earned 120 gross at one point supporting 2 people (myself and sick partner) and it was defs not have to worry about much money but not save for a house with 600 a week coming out for a shitbox with an outside dunny and a 40 minute commute by PT. Single person or DINK and you're laughing though.