🤔💼 WHY IS IT SO???
In Australia, if you earn over $180,000pa, you pay $51,667 plus 45c for each $ over $180,000 in income tax. 💰💸 Therefore, if you make $300,000 a year living in Australia, you'll be taxed $111,667. Net pay? $188,333 annually. Average tax rate? 37.2%, and the marginal tax rate? 47.0%.
Now, let's talk cars. Say you decide to splurge on a $200,000 beauty. Brace yourself for $37,000 Luxury Car Tax, $13,000 Stamp Duty & $18,000 GST. Your net earnings now take another $68,000 hit in taxes just for a car! 🚗💸
But wait, there's more! If you're eyeing a modest $2,000,000 house in Sydney, Melbourne, or Brisbane, government fees range between $93,000 & $114,000 depending on the state. And don't forget Land Tax of around $21,000pa for an investment property, etc., etc., etc. Tax upon tax upon tax! 🏡💼
As Professor Julius Sumner Miller always asked… "Why is it so?" 🤷♂️ What are your thoughts on this intricate web of taxes? 💬🌐 #TaxationMysteries #WhyIsItSo
https://t.co/RpLlHfQPTE
A sudden jump in the share prices of Chinese #lithium producers is creating excitement.
Tianqi Lithium Corp & Ganfeng Lithium – closed up 6.5% & 7%
The lithium bottom is nearly in according to an analyst at China Futures Co.
Article 👇
$ASX
https://t.co/rnDwFduvfC
Outstanding shallow high-grade #REE results, up to 2534ppm #TREO, have been returned from a 6-hole RC drilling program at our Rankin Dome Project, WA. Magnetic #rareearths (Pr, Nd, Tb, Dy) comprise 20% to 26% of significant result intervals.
Read: https://t.co/xrION0S7ab
$ACM
@Stockrocker_ASX Yeah no idea what’s going on. Strange to go into a TH for rock chips. The ASX did ping them for price movement, so maybe they’re being cautious. I hold a decent bag of this, so praying for good news 😅
@paola_rojas $ACM several projects not just focusing on Lithium. In the neighbourhood as some major players. Rock chip results should be in next week but large pegs found.
If you’ve read about #ElectricVehicles in the news lately, you know the vibes are all bad. The media has fixated on the idea that consumer demand for EVs is “slowing."
🤔🤔🤔🤔🤔🤔
#EVs#lithium#GreenEnergy#climatetech $SYA
Good morning ☀️ it's all about #lithium this morning as the #DJI and #Russell2000 up over 2%. Strong speculation that $PLS is buying $AZS, which is great news for our WA #Lithium explorers $SBR $SBR $MLS $CDT and $ESR.
What's your top pick? @PeakAsset1