this post was submitted on 18 Sep 2023
42 points (100.0% liked)

Australia

3582 readers
145 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 @[email protected] 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: @[email protected] and @[email protected]

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Anonbal185 0 points 1 year ago* (last edited 1 year ago)

Actually for me it's quite good. Get like 1/3 back from dental. Then a bit back from gym fees. Optical is another one I use regularly and I get a massage a year. And most importantly ambulance cover just in case.

Granted one or two of them I would have skipped if I wasn't paying private health (optical and massage).

At the higher salaries if people didn't want to pay the Medicare surcharge and having to buy junk policies they can funnel their discretionary income into investments, the costs of the investments can be negatively geared so you can earn for example a million dollars and only pay 90000 taxable income worth of tax (an extreme example I know). ASX, property, into the business etc. where you reduce your taxable income in exchange for gaining (investable) assets.