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4MyEgo

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Everything posted by 4MyEgo

  1. I totally disagree with your opinion, respectfully. You see, the age pension if your only source of income, is not taxable as a resident, or a non resident. The above said, if you have any other source of income/s, whether you are a resident or a non resident, then you will pay tax on your age pension. Forget about threshold and no thresholds, we know in Australia, residents get the $18,200 threshold and non residents get ZERO and are taxed at 32.5c in the $ from the word get go. Do you honestly think the ATO would turn a blind eye if it were any different, it would be too easy to take down all of those sitting ducks, but they know themselves, well some do, that if the age pension is your only source of income, AGAIN, regardless if your a resident or a non resident, then your age pension is not taxable, add another source of income on it and it's a game changer. It's really simple for those that believe that the above makes sense and not so simple for those that want to believe anything other than what I am saying. Each to their own.
  2. You are correct, I stand correct after re-reading your post, albeit it that I believe that it could have been worded a little better though.
  3. You forgot to add, oi, oi, oi, LoL. I remember an Italian once asked me where I was from, and I replied Australia, ah yes he replied with a smile on his face, "The Land of the Delicatoes.
  4. Your talking through your uneducated rear end again Phil. The reason the indigenous people of Australia receive Government benefits or handouts as you put it, is because that suites the governments agenda. The traditional land owners don't want to assimilate to the ways of the Australian people, they would prefer to live off of their land, as they did in the old days, providing Aborigine's with Government benefits or hands out is a way or encouraging a lot of them in, for example Alice Springs, I believe it is, to drink themselves to oblivion, problem sorted. Whilst I don't like either of the mainstream parties, I do like how Hawke and Rudd, previous Prime Minister made things better for them, with Land Rights, so at least the traditional land tribes receive royalties from the miners who have been pilfering the minerals from their land. You can't help feel sorry for the Aborigine's, and or the Indians of the USA. One could go on and one about other countries, but that is a whole new story, so will stick with the topic at hand. Who is the hypocrite here georgegeorgia, Australia Day/Xmas were all invented for a reason and if you can't work out why, then your dummer than dummer I suppose.
  5. All the way with you there Old Croc, even 18, or 19 the younger (legal) the better.
  6. So now that she has broken the law, I would suggest the lion cub be taken away from her and she be banned from owning such pets here in the future as we don't want to read 2 years down the track that she was up to it again, this time the lion got out of the car and mauled someone to death. But no doubt money will exchange hands and the said posing of danger to the public will go away, until, perhaps one day ?
  7. I would love to know how old Ann is, one would assume she is under 20 if the father wanted her back home, as under 20 they are still class as a kid here, so I'm lead to believe. An unfortunate ending for the lad, his life over at 25, we should all keep our anger under control, especially then the cops show up.
  8. If he had touched one of my kids and made it to prison, there his life, or the very reduced quality of it would be a blessing for him, as I can guarantee you that I would do everything to stop that dog taking that journey, as predators like this have no place in society. Teachers are supposed to be looked upon and keep kids safe, not lure them into rooms to use them for their own sick and perverted pleasure. We taught our kids from young and repeat it all the time, they know that they are NEVER to be in a room with a teacher alone, or without at least 4 other kids at a time and if a teacher wants them to go to a room, they are to call us IMMEDIATELY, same applies to going to the toilet, i.e. has to be other kids there.
  9. Slap yourself man, have you forgotten where you are, no harm in dreaming I suppose...
  10. We all knew that, yet here we are, he was moved aside (intentionally), so that the pigs can get right into the troth and do as they do. He is a real threat to changing Thailand, I just hope that he continues to get the full support of those who voted him in as the next PM and that he gets in as PM next time around, but no doubt, someone will make sure he doesn't.
  11. Sounds like they're concerned of hitting visitors as opposed to non residents. Moves that could classify tourists and business traveller's who spend more than 45 days in Australia as tax residents risk stifling economic activity by discouraging visitors, the Albanese government has been warned.
  12. Love it, please excuse my many returned serves to this individual as I wish for him to go through the same punishment he is putting me through, or to fill his time in his perhaps bored life ? Please feel free to skip my posts in lieu of providing you with some permanent brain damage.
  13. Hopefully after you have read the above, where you did mention in your post, to put up or shut up, accept the fact ?
  14. Again, your not listening, it is only subject to tax if...... Taxation of Age Pension as the Only Source of income If the Age Pension is the only source of income for an individual, they may not be required to pay income tax. This is because the Age Pension income threshold for the tax-free amount is set at a level that is higher than the basic Age Pension rate. As a result, many Age Pensioners with only the Age Pension as their source of income will not be required to pay income tax. https://oneclicklife.com.au/is-my-age-pension-taxable/ As I have said before, no I cannot, because it doesn't exist and you know that there is no non resident threshold, again, you do not want to accept that if the only source of income, is your pension, regardless if you are a resident, or a non resident, you will pay ZERO tax on it. Apart from that, I am done and dusted, going around in circles on this.
  15. As mentioned previously, there are legal means for non residents to earn an income from Australia without having to pay tax as a non resident, but it would appear you haven't worked that one out yet. Yes, some supplements are cut off, Centrelink is not set up to collect a non resident tax you are referring to, for age pensioners, because if the age pension is the only source of income that person has, he/she won't be paying non residents tax, the same principal applies in Australia. Banging my head up against the wall, yet again. You still don't get it, its like I say, 6 2 1 half dozen the other and your confused. The age pension is deemed an income if you have other sources of income, if not, it is taxable, get it, 6 2 1 half dozen the other, chipping away. In layman's terms, if you DO NOT have any other income apart from your age pension, you pay ZERO tax, on the other hand, if you have other sources of income, on top of your age pension, then you will pay resident tax and get the $18,200 threshold, if your a non resident it's a straight 32c to the $ including your age pension which will form part of that income, because you are getting other sources of income on top of your pension. 6 2 1 half dozen the other.
  16. You just contradicted yourself, remember, you said you are a non resident, but because you state that you are on a long holiday, your domicile is Australia....LOL
  17. You cannot state that you are on a long holiday if you are in one country at a time, i.e. not moving around, everyone knows that, and what you believe to be your "domicile" so that you can avoid paying non residents tax, can be challenge by the ATO. https://www.odintax.com/resources/australia-tax-residency-definition-rule-and-provisions#:~:text=Your residency is where you,new country becomes your domicile. The only loophole is in your head as non residents can avoid paying tax "legally" without thinking they have a "domicile" elsewhere, i.e. Australia, when their actual domicile is Thailand. It's called self disclosure, and as you have been avoiding paying non residents tax because you believe Australia is your "domicile", then when they catch up with you, if they catch up with you, then you can explain your case to them, and they can challenge you to be a non resident who has avoided paying non resident tax. Can't understand why you haven't set yourself up as a non resident to not pay any tax, as I have done for the past who knows how many years, excluding withholding tax on interest earning from the banks 10% of the interest. Nothings changed really, they can currently prove 100% by immigration records that you are a non resident, the onus is on you to disprove them.
  18. Sounds like someone back peddling to me, or trying to place an each way bet when not sure if the horse is going to come home in 1st place, after all that gas bagging.
  19. Ouch, did you hear of the new Capital Gains Tax changes to non residents ? It's ok if you never intend to sell, also that 32c in the $ from rents got to hurt, plus not being able to negatively gear your losses, i.e. if your a non resident, otherwise you should be fine, providing that you can prove your residency.
  20. Sorry but I am a spoilt biatch, like my comforts, couldn't do a caravan if I tried for 2 years, remember, I have family that would visit once a year for 2 months, so would need room for the ladies, nd me of course.
  21. Thanks for the heads up, and yes from the St George area. I have a couple of good mates who are agents and work the area, and am always in contact with them, I also still have tools to see what the market has been doing, e.g. can bring up properties, see when they last traded, sizes, ages of building, levels, parking etc etc. I used to have a unit in Ramsgate Beach, that said, the bottom end of the market in my opinion, i.e. under $800k is still very active (steady) because of the 1st home owners grant and free stamp duty, yes governments do have a way of keeping the markets from falling, or inflating the bubble even further. I really can't see myself returning as I have maintained my earning of 100k a month here from the stock market in Australia, no capital gains tax payable and tax paid already when I receive my dividend payments, that said, it's a lot of work and money that has to go in, and after 8 years and aging, one does start to tire. The 50,000 baht a month from the Age Pension would be a relaxing welcome, but by the time I did the math, i.e. take funds out of the market, buy a unit to save on the rent for the 2 years, then that money could be making me 100k baht a month here, so I would be losing 10k baht to make 50k baht a month, if you get my drift, doesn't matter which way you to try to play the game, they have you checkmate.
  22. I also put mine in through my accountant about 4 years ago and haven't lodge a return, I do have a PO Box if they wanted to say anything, or communicate to my accountant, but nothing. Same same, didn't provide my accountant with my car logbook, and they asked for it, and so did he, but I was too busy to fill one in and give it to my accountant, had to pay $8,000 to them, my bad, learned my lesson, i.e. don't be too busy when the ATO asks something from you. If memory served me correctly, I think I posted something with regard to an offset and if taxed at 32c to the $, Age Pensioners would be $120 a week worse off, so yes agree, the time and cost to track people down would cost more than that IMO, not to mention would cost the government more than that per week, if those Age Pensioners returned, as they would be entitled to rental allowances, electricity supplements, health care and pension cards, etc, etc. Yep, that was a major FU, even heard some people killed themselves over the alleged debts.
  23. Agree with your point 110%,, noting that as a non resident, it is my understanding that you are not required to lodge a tax return, i.e. unless you have other sources of income from Australia. I don't lodge one, haven't for years, and if the only source of income in Australia is your pension, i.e. retirement income, then my understanding is, you wouldn't be required to lodge a tax return as well. As mentioned in a previous post, if you have other sources of income in Australia and are a non resident, then you will be taxed on that income, plus the Age Pension as well, this is what makes sense to me, in other words, why would the ATO bother an Age Pensioner living overseas, especially if he has no other income sourced from Australia. The ATO knows that the time and expense it would cost to collect small fish isn't feasible, so they put on bigger hooks to catch bigger fish. Below is copy and pasted from Google: The below scenario from my interpretation, while it typically would relate to the Age Pension in Australia, it could also apply to non residents in my opinion as well, e.g. a non resident could have a case to argue with the ATO, if they were pulled up, and if took it to court and won the case, would set a precedent. So better left alone, it could also create an uproar politically by those seeking to obtain the Age Pension down the track and move to greener pastures overseas, so to speak. The Age Pension whilst not taxable for Australian residents if it is your only source of income as a retiree, in my opinion, shouldn't change because of your residency status, i.e. because you choose to retire overseas (as a retiree), while deemed to be a non resident, and the Age Pension is still your only source of income. (See below). The Age Pension forms part of your taxable income. However, if it is your only source of retirement income, you will pay no tax. If you're on the Age Pension, you also receive health benefits and reduced charges on rates, telephones, gas and electricity, car registration and public transport. Some of us are thicker than others, I guess. I can agree with you on the above, however there is always two sides to a coin and my explanation above may get a thumbs up on the way I see it ? So if you don't lodge a return because your not required to, you become a ghost. Nothing passed, nothing changed, however some still like to play the drums, to avoid providing links to legislation, even when their neighbours have asked them stop it repeatedly, so best to put on the ear muffs from now on.
  24. Fair enough mate, we all have different opinions and that's ok, hence the reason we are discussing the issue at hand. The guys I know have been here for decades and don't lodge tax returns, and one of them worked overseas for years. I don't believe anyone declares themselves as non residents when they leave Australia, perhaps except for myself as I earn interest from banks & they with hold tax and give it to the ATO. My other investments are not taxable as a non resident or the tax is already taken out when payments are made to me. Th pension is interesting to me because I am 50/50 on getting applying for it when the time arrives, albeit it the 2 years in jail is the stickler i.e. is it feasible for me, and from what I have worked out, it isn't unless I buy a 2 bedroom pad for that period vs renting, but that would then mean taking my funds out of investments which earn me money, so there would be a loss of income for those 2 years, and I earn more than what the pension would provide me, anyways, it is what it is and we will cross that road when the time comes, depending on what the world is doing and how economics play out then. The question I have is why haven't Age Pensioners being paying tax while overseas and all of a sudden there is TALK that's all, TALK that things are going to change come 1 July 2024 because they are going to change the days that will determine your residency status. Now Centrelink are linked up to border control and know when you leave the country, as soon as you pass through immigration, and if you are on the dole, your payments stop straight away, and as soon as you enter the country, they start again. The above said, why doesn't that happen with the Age Pensioner, ask yourself that, it's because Age Pensioners have the right to exit without an issue, even though the same government department is paying you. I don't like TALK, links to government legislation is what I read and like to see, because that is what makes law. Until such time I see that Age Pensioners are taxable if they live overseas on their Age Pension, then I am sticking with what I hear at the coal face with the guys I know that live here and don't pay tax on their Age Pensions, can you name one you know that pays tax as a non resident, just asking for a friend :)
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