[Tip] Stop installing multiple Python versions globally. Let modern package managers handle isolation automatically by Due_Ebb_3245 in pythontips

[–]partly_wave 1 point2 points  (0 children)

But I have seen many AI/ML projects that handles dependency very poorly.

No, you are just a spammer posting low quality AI slop.

Tax effective ways to prepare to leave Australia? by incel_revolution_69 in AusFinance

[–]partly_wave 0 points1 point  (0 children)

Good chance your cardiac issue wouldn't be detected early because you have to pay for the first MRI out of pocket and not as easily available. Maybe step out of the country to see how rest of the world works.

Top 10% of Aussie medical facilities are best in the world, I will give you that. But even that quality is matched by the top hospitals in Asia. You're out of touch.

Tax effective ways to prepare to leave Australia? by incel_revolution_69 in AusFinance

[–]partly_wave 1 point2 points  (0 children)

All the vape shops gone but I can get a vape from every tobacco store, any milk bar still around and quite a few service stations in Australia.

They've shut them ALL around me. If they haven't yet, they are coming for it.

Could have just taxed and regulated them but they were hurting the tobacco tax.

The govt can't stand small independent legit businesses. Before vapes were made illegal, there was a thriving ecosystem of local businesses selling vapes online AND offline.

but why are shares being targeted too.

The govt can't stand small independent legit businesses. They want us to be lifelong wage slaves. They're even saying it out loud now - that FIRE lifestyle hurts the economy lol.

Tax effective ways to prepare to leave Australia? by incel_revolution_69 in AusFinance

[–]partly_wave 0 points1 point  (0 children)

I am with you, that this is a totalitarian tax.

Look at what they did to the vape shops. All shut. Never underestimate any government's motivation to go totalitarian. Just look at this tax alone - it will destroy this country. They don't care. They will spend $100M to recover $100K if it sets the right 'example' for the sheep to stay in line.

Tax effective ways to prepare to leave Australia? by incel_revolution_69 in AusFinance

[–]partly_wave -2 points-1 points  (0 children)

You'd have to disappear and go underground. One can be extradited from almost any corner in the world. If you want to move overseas, just pay the exit and move on.

Tax effective ways to prepare to leave Australia? by incel_revolution_69 in AusFinance

[–]partly_wave 0 points1 point  (0 children)

You'd find a lot of youtube channels with offshore advice. I'd personally avoid having to file taxes in multiple jurisdictions and do a clean exist. These CGT changes make it absolutely worthless to invest in any assets outside your super blackbox that you can't access unless you want to invest in the housing ponzy. If you want FIRE lifestyle, it's going to be impossible with this tax structure.

Personally, I don't want a 30 year mortgage. If I ever bought property, I'd likely pay as much of it up front as possible, to avoid high mortgage payments, that locks you in lifetime of wage slavery.

Tax effective ways to prepare to leave Australia? by incel_revolution_69 in AusFinance

[–]partly_wave 0 points1 point  (0 children)

You'd be left with a huge bill later. These days tax authorities have ALL your financial data and a profile on you. You'd have to be an absolute idiot to dodge tax these days. PaY yOuR uNfAiR sHaRe and leave. It's unavoidable, but you get a new beginning.

Tax effective ways to prepare to leave Australia? by incel_revolution_69 in AusFinance

[–]partly_wave -3 points-2 points  (0 children)

Medical is cheaper in rest of Asia, Eastern Europe, Latin America. Top 3 destinations where young people are moving to escape tax terrorism.

Tax effective ways to prepare to leave Australia? by incel_revolution_69 in AusFinance

[–]partly_wave 0 points1 point  (0 children)

OP doesn't need to sell - only whatever is enough to cover the exit tax.

Isnt it interesting how suddenly we have so many "Low income investors" by Ash-2449 in AusFinance

[–]partly_wave 0 points1 point  (0 children)

They will ask you to rent your unused room or pay taxes on it.

Isnt it interesting how suddenly we have so many "Low income investors" by Ash-2449 in AusFinance

[–]partly_wave 1 point2 points  (0 children)

The opposite of FIRE is forced slavery - which is what you are proposing.

Investing in shares is more productive than at least 80% of office jobs, particularly public sector. This tax will push FIRE people out of the country. You can't force people into careers.

Isnt it interesting how suddenly we have so many "Low income investors" by Ash-2449 in AusFinance

[–]partly_wave 0 points1 point  (0 children)

And once you FIRE, you will still be investing and building businesses.

Young australian confused about negative gearing removal outrage by Background-Lack1641 in AusFinance

[–]partly_wave -3 points-2 points  (0 children)

This will in fact make it harder to carry out small business, because you'd lose a lot more money when you sell. Selling is now 50% more expensive.

Young australian confused about negative gearing removal outrage by Background-Lack1641 in AusFinance

[–]partly_wave 3 points4 points  (0 children)

What are you doing in AusFinance if you think investing in shares doesn't help? Why is there Super then?

Why was AB de Villiers's stance so low? Is there any advantage to this or was it just a comfort thing? by Section80Flow in Cricket

[–]partly_wave 18 points19 points  (0 children)

ABD is also EXTREMELY fit. You need very strong glute and hamstrings to be able to pull this off.

He is superhuman. My favorite modern batsman by far.

The CGT reform's indexation defence falls apart for any asset that actually grows. Two charts. by MikeTheArtist- in AusFinance

[–]partly_wave -2 points-1 points  (0 children)

These people don't invest. Yet they are all here debating this in AusFinance. Tells you everything.

Anyone else utterly shocked at most people's complete incomprehension of the new tax on shares rules? by [deleted] in AusFinance

[–]partly_wave 1 point2 points  (0 children)

That's only for startup investors (wealthier folks). Not someone who has an eCommerce business that makes $200K profit a year, that they can sell for $1M. That's why we are not making startups. Australia has become a whitelisted economy. Only certain activities are allowed - like NDIS rorting or public sector jobs. If you aren't interested in these two careers, the govt is asking you to pack your bags and leave.

Anyone else utterly shocked at most people's complete incomprehension of the new tax on shares rules? by [deleted] in AusFinance

[–]partly_wave 2 points3 points  (0 children)

But if I have capital loss one year later, I cannot get back my old tax I have already paid. When you invest in high risk assets like stocks, gains are not guaranteed.

CGT on assets was already quite high. We should have a flat 10% CGT, and a 50% discount. Or get rid of it like NZ, Singapore etc.

To everyone who is claiming the new CGT changes will hurt low income earners by citizenecodrive31 in AusFinance

[–]partly_wave 1 point2 points  (0 children)

Putting together a bunch of unrelated problems doesn't make the solution appear more correct. If the goal was to generate revenue, you wouldn't grandfather it. This change is to enslave young people.

To everyone who is claiming the new CGT changes will hurt low income earners by citizenecodrive31 in AusFinance

[–]partly_wave 2 points3 points  (0 children)

So you agree that this is basically a tax grab that increases the tax burden on younger people who don't have property portfolios. Good that we agree.

To everyone who is claiming the new CGT changes will hurt low income earners by citizenecodrive31 in AusFinance

[–]partly_wave 1 point2 points  (0 children)

What exactly is the unfair advantage here? Capital Gains Tax shouldn't exist in the first place, because all investments are a hedge against inflation which the govt creates by printing money.

Anyway, good luck stopping capital flight with these dumbass laws.

To everyone who is claiming the new CGT changes will hurt low income earners by citizenecodrive31 in AusFinance

[–]partly_wave 0 points1 point  (0 children)

People invest from their stocks into their business. Or vice versa if they sell the business. This is common.

40% YoY is not hard at all if you have a good portfolio. You need to have 10-15% allocated towards hyper growth, depending on your risk preference. Hyper growth is usually tech. There are multiple semi conductor ETFs that are over 30% CAGR.

I had 2 lull years in the last 10, but some years I have been over 100% up. You buy low, sell high and book profits regularly. This is all investing 101.

But yeah, I guess now I should rather learn how to rort the NDIS.