I'm getting a bit confused about how this works even after reading the ATO website.
https://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-contributions---too-much-can-mean-extra-tax/?page=4#Ifyoudontwithdrawyourexcessconcessionalc
They provide heaps of examples where people have over $1.6 million in their super with warnings about you possibly getting taxed 95% on the extra contributions. But nothing about what happens if you have less than $1.6 million in super.
My situation
- Super total value less than $350k
- Paid $30.5k in employer and Voluntary Before-Tax Contribution (excess of about $3k over $27.5k cap)
- Wage in the top tax bracket
From what I gather from reading my previous tax return the excess ($3k that year) they just added to my taxable income and then adjusted my owed tax. So I'm guessing I paid the top tax bracket of 45% on that extra.
I have the option to release 85% of this excess based on the above link. From what I can tell it's mainly to help people pay the additional tax they incur or for people with more than $1.6 million in their super wanting to avoid a huge tax hit on the extra.
Am I paying less tax by leaving it where it is in super or releasing the 85% back to myself?
I see what you are saying. I've changed the settings to only show my subscribed feeds by default because as you said there is a lot of random stuff.
What you are seeing with "All" on aussie.zone is "All" of the feeds that users on aussie.zone are subscribed to. If no one on aussie zone has subscribed to [email protected] then it will never show up on anyone's All while in aussie.zone. If one single user subscribes to it then it will start showing up.
So by default in "All" you will only see Meta communities if people here subscribe to them. The same will likely work the other way. Users on Meta won't see aussie.zone communities unless someone there subscribes.
That said I wouldn't put it past Meta to have "bot" accounts that subscribe to ALL communities on each instance. That sort of action would put a strain on these instances as all posts would go back to Meta. If they pulled that kind of trick then I'd be all for defederation as it would impact the performance and could indicate Meta are just scraping all content from every instance. They'd be pretty dumb to do that but I wouldn't put it past them.