Taxx, yes we have spelt it as a four letter word for 29 years

Taxx

Taxx, yes we have spelt it as a four letter word for 29 years. What else can you say after you examine your pay slip? You most certainly have something to say when you look at the year’s total taxx taken off you.

Are you happy that in someway you have paid for my health costs, or my pension or my daughter’s education, or my roof insulation or my solar panels, or my family allowance or the rebate on the 2 water tanks we have?

We could add many other ways the government thinks or believes or lies that it can do better with your money than you do.

Eg Conroy’s & Anna’s mate on 450K or junkets to Copenhagen for the well connected 120. Another is Anna’s recent announcement of 250k to help my daughter to read. There are examples every day as government makes up ~50% of GNP. Don’t wind us up on the vaccination rort.

We are fairly sure you aren’t that happy in contributing to any of the above ways that redistributes [others would use other words] your hard earned efforts & money. We only need to look within a family or a company to see who really ‘husbands’ the income & who is loose with the money. When it isn’t yours then you care less & maybe you are very care less with the money.

Yes we know all that you say. Well you can allow that taxx transfusion to continue or you can do something about it. We don’t mean a novated lease for an overpriced car because it will be worth ½ as much in 3 years. That isn’t smart but frequently suggested by taxx people or bankers as a taxx reduction strategy.

[We have a client who had such a lease & would have paid off his 350K mortgage in 16 years, now with no such lease he pays it off in 9years which means he could retire 7 years earlier]

If you look at your numbers then 25% + is taken by a government & the bank takes another 25%+ for your rent to them in the form of a mortgage.



E.g. Gross Income 90,000
Taxx say - 21,650 [we haven’t included your local rates, utilities & fines, Ambulance service, Medicare…]
Bank @ 6% -21,000 interest only & hence not reducing principal because with a P & I loan you don’t for 20+ years
You need to live say -50,000 & that’s tight as <1Kp.w.

Hence just maybe you are in credit card land with 2,650 in debt. Check you credit card & is it zero at the end of the month?

Is that fun? Thank you Mr. Taxx man who we read can without warrants arrive on your doorstep. We thought that happened only in Corsica or the Western Suburbs.

Hence there needs to be a rearrangement & restructuring of debt so that Mr. Taxx subsidises your mortgage over a period of time.

As we believe the health system is 180 degrees out & an oxymoron & My School is almost as much & we have our own allocated pension as past 55, then there is no need for you to contribute as much to us or others.

Welcome to call on 3848 1088, or email us or book on our websites before Mothers day.
Our active wealth strategy or other ideas may help you.



John McAuliffe