A broad-ranging chat about what makes a country "rich", how to understand your effective marginal tax rate (EMTR), and clarifying why capital gains are just income labelled differently.
I spent about 5 years gradually reducing my working hours to try to earn $99,999 and thereby qualify for FTB. I was making more money and got a day off every fortnight, at the cost of some stressful calculations. If you go $1 over the threshold you have to pay back around $4-5000 so you'd better get it right!
Incentivising moderately high earning people to earn less doesn't seem like an efficient outcome...
I spent about 5 years gradually reducing my working hours to try to earn $99,999 and thereby qualify for FTB. I was making more money and got a day off every fortnight, at the cost of some stressful calculations. If you go $1 over the threshold you have to pay back around $4-5000 so you'd better get it right!
Incentivising moderately high earning people to earn less doesn't seem like an efficient outcome...