AUSTRALIA -------------------------------------------------
Move to Australia 2023
July 15, 2023
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Items Dr Sydney Bennett is air cargo shipping to Dr Tekari Yoshimoto house near Melbourne
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Ducati Cafe racer build
KTM 450 build. Supermoto project
Lamborgini Aventador
Neuro-tech devices. Montreal & North Bay from H.I.3 for private vault
CIG cargo items lift over & return imports & export shuttle to justify tacking on personal items at no cost. With the June 1, 2023 global deal we are personally not living in Canada, USA or Mexico. H.O.R.B + Yoshimoto & Koslov-Sumner
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Items Dr Sydney Bennett is selling
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Yeti sled bike contraption
Snowboard equipment in Toronto
All remaining items in North America
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Items Dr Sydney Bennett is travelling with
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- Two new hard shell suit cases
Minimal clothing, accessories & footwear
Samsung mobile phone
Mac mini + hard drive
Personal items
- Carry on messenger bag
Personal items
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Toronto to Calgary flight
Hotel & registry then waiting period to obtain Class 16Q driver's licence & reinstate Health Credentials in Alberta
Fly to Melbourne to Dr Tekari Yoshimoto
Transfer everything to Australian
Purchase ones own home. Main house property first then restructure personal profiles of Dr Sydney Bennett, Nicole Rothschild & Madison K.S Bennett
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Vacation joint properties within family group
Daily schedule + goals
Retirement & managing investment portfolio
International Travel Budget + Schedule
RETIREMENT CAREER ---------------------------------
New global public presence
New Social Media Profiles connected
New YouTube Channels connected
New private access 11-25 hours Meta: Facebook + blogger pages (April-December 2024 access) + connected email addresses
New private email + mobile numbers
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Cypress International Biotechnology is with 5Eyes & Nato with Ally Countries
Dr Sydney Bennett will remain connected to the three permanently unless there is an issue overy H.I.3
Commonwealth Countries have high taxes. Australia & UK more than Canada
Tax Rates - Income Tax
$18,201 – $45,000 19%
$45,001 – $120,000 32.5%
$120,001 – $180,000 37%
$180,001 and over 45%
The amount of land tax you pay depends on the combined unimproved value of your taxable property. You don't usually have to pay land tax on your main home (permanent residence). Make sure you know what your entitlements are – land owned by some organisation types can be exempt from land tax.
https://business.gov.au/finance/taxation/taxes-on-your-property#:~:text=The%20amount%20of%20land%20tax,be%20exempt%20from%20land%20tax.
Capital Gains Taxes
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://treasury.gov.au/sites/default/files/2019-03/Changes-to-the-capital-gains-tax-rules-for-foreign-residents.pdf&ved=2ahUKEwjgw-nT-JCAAxUhmWoFHXcuBT0QFnoECBAQBQ&usg=AOvVaw2C4yihCcnXbDpvb_C8q0yN
Australia - Oversees Income
https://www.ato.gov.au/Individuals/Coming-to-Australia-or-going-overseas/Your-tax-residency/Foreign-and-temporary-residents/#:~:text=You%20may%20need%20to%20lodge,tax%20return%20before%20leaving%20Australia
Foreign residents are not entitled to the tax-free threshold and pay tax on their Australian income up to $120,000 at a rate of 32.5%, meaning the effective tax rates are higher for foreign residents.
Personal Income Taxes
https://taxsummaries.pwc.com/australia/individual/taxes-on-personal-income
Australia does not have a net wealth tax.
https://taxsummaries.pwc.com/australia/individual/other-taxes#:~:text=Australia%20does%20not%20have%20a%20net%20wealth%20tax.
INCOME EXAMPLES
Typical Worker - Training Middle Average
$23.23 per hour (2023)
The Australian Government's Fair Work Commission has announced an increase in the national minimum wage. Following the Fair Work Commission (FWC) Annual Wage Review 2022-23, the Australian national minimum wage has now increased to $23.23 per hour.
Typical Worker - Middle Class Average
An Australian earning $65,000 a year is now considered the 'typical' worker. The median or middle weekly wage now stands at $1,250, following a 4.2 per cent or $50 rise in the year to August, new Australian Bureau of Statistics data showed
Corporate Average or Tech - Upper Middle Class
If you make $80,000 a year living in Australia, you will be taxed $18,067. That means that your net pay will be $61,933 per year, or $5,161 per month. Your average tax rate is 22.6% and your marginal tax rate is 34.5%.
Corporate Average - Experienced or Tech - Upper Middle Class
If you make $100,000 a year living in Australia, you will be taxed $24,967. That means that your net pay will be $75,033 per year, or $6,253 per month. Your average tax rate is 25.0% and your marginal tax rate is 34.5%. This marginal tax rate means that your immediate additional income will be taxed at this rate.
Doctor - Lawyer - Business Owner - Investor - Affluent, Entry Elite, Elite + Royal
$500,000 + Annually
If you make $500,000 a year living in Australia, you will be taxed $205,667. That means that your net pay will be $294,333 per year, or $24,528 per month. Your average tax rate is 41.1% and your marginal tax rate is 47.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate.
Australia versus USA
Cost of living in Australia is, on average, 3.4% higher than in United States. Rent in Australia is, on average, 16.3% lower than in United States.
Australia
If you make $100,000 a year living in Australia, you will be taxed $24,967. That means that your net pay will be $75,033 per year, or $6,253 per month. Your average tax rate is 25.0% and your marginal tax rate is 34.5%. This marginal tax rate means that your immediate additional income will be taxed at this rate.
If you make $800,000 a year living in Australia, you will be taxed $346,667. That means that your net pay will be $453,333 per year, or $37,778 per month. Your average tax rate is 43.3% and your marginal tax rate is 47.0%.
In Canada Minimum Wage is not enough to survive
“There is still a $7/hour gap between the legal minimum you must pay workers and what they actually need to survive,” she told Daily Hive over email. According to Alberta Living Wage Network coordinator Ryan Lacanilao, the living wage rates are between $19.65 and $22.50 per hour.
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DOCUMENTARIES - NEWS ---------------------------
25.69 million (2021) Australia Population
Australia's coastline stretches almost 50,000 kilometres and is linked by over 10,000 beaches, more than any other country in the world. More than 85 per cent of Australians live within 50 kilometres of the coast, making it an integral part of our laid-back lifestyle
Economy
https://kpmg.com/au/en/home/insights/2023/07/economic-outlook-australia-q2-2023.html
Ski Season
https://www.powder.com/trending-news/australia-long-lines-ski
Current News
https://www.theguardian.com/australia-news
Financial News
https://www.afr.com/
Debt
Since the beginning of the pandemic, Australian Government gross debt has increased from $534.4 billion in March 2019 to $894.9 billion as of 28 October 2022
https://www.aph.gov.au/About_Parliament/Parliamentary_departments/Parliamentary_Library/pubs/rp/BudgetReviewOctober202223/AustralianGovernmentDebt#:~:text=Since%20the%20beginning%20of%20the,as%20of%2028%20October%202022.
Rising Debt Crisis
https://www.theguardian.com/australia-news/2023/may/04/federal-budget-2023-soaring-interest-payments-australia-debt-eclipse-cost-of-family-tax-benefit-childcare-or-infrastructure
Debt Crisis
https://www.abc.net.au/news/2022-10-24/trillion-dollar-government-debt-how-big-problem/101562584
Digital mistakes - less fortunate targeted
https://www.bbc.com/news/world-australia-66130105
https://treasury.gov.au/sites/default/files/2021-05/171663_institute_of_public_affairs_supporting_document_1.pdf
https://www.smh.com.au/politics/federal/debt-hits-record-911-billion-but-deficit-outlook-improves-20230414-p5d0ed.html
UK - Australia Natural Disasters
https://www.gov.uk/foreign-travel-advice/australia/natural-disasters
https://clearinsurance.com.au/australias-biggest-natural-disasters-in-history/
https://www.theguardian.com/australia-news/2023/jan/19/spate-of-natural-disasters-takes-a-toll-on-australians-mental-health-survey-finds
https://www.reuters.com/world/asia-pacific/australias-natural-disasters-bill-hits-35-billion-2022-billions-more-come-2023-01-12/
https://www.reuters.com/world/asia-pacific/australias-natural-disasters-bill-hits-35-billion-2022-billions-more-come-2023-01-12/
Gangs in Australia
https://www.acic.gov.au/about/priority-crime-themes/gangs
Terror level Australia
https://www.nationalsecurity.gov.au/national-threat-level/current-national-terrorism-threat-level
Terror
https://www.police.nsw.gov.au/crime/terrorism/terrorism_categories/alert_level
Crowded Places - Terror
https://www.police.act.gov.au/safety-and-security/crowded-places
Counter Terrorism + Extremism
https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook45p/ViolentExtremism
https://www.police.vic.gov.au/state-security-and-counter-terrorism
https://www.afp.gov.au/what-we-do/crime-types/fighting-terrorism
Homegrown Terrorism
https://www.afp.gov.au/what-we-do/crime-types/fighting-terrorism/fighting-home-grown-terrorism
Some not all Ring Wing persons create Terror
https://www.abc.net.au/news/2023-02-13/right-wing-terror-threat-declines-says-asio/101965964
Vital Interests
https://poll.lowyinstitute.org/charts/threats-australias-vital-interests/
JAPAN
Japan + Nato
https://www.theguardian.com/world/2023/jul/12/nato-appears-to-shelve-plans-open-japan-liaison-office-tokyo
https://www.japantimes.co.jp/news/2023/07/12/national/politics-diplomacy/japan-nato-new-cooperation-agreement/
5 Eyes
The strongest reasons for Japan's accession to the Five Eyes is not its alignment over China but its long-term alignment with the United States dating back seven decades and a desire to integrate more deeply with the broader strategic community to which the United States belongs.
https://www.smh.com.au/world/asia/japan-should-join-five-eyes-intelligence-network-says-ambassador-20210420-p57kv6.html
Australia - Dental System
https://www.dentalboard.gov.au/
In Australia, dental services are provided by public dental services or by private dentists. Dental costs vary widely from dentist to dentist. That is because there are no standard fees for dentists like there are for doctors. Dentists charge different amounts according to where they practise and what methods they use.
https://www.healthdirect.gov.au/cost-of-dental-care
Australia - Health Care System
https://www.health.gov.au/about-us/the-australian-health-system
The Australian public accesses care within the public health system for free or at a lower cost through Medicare (funded by tax). The private system includes health service providers that are owned and managed privately, such as private hospitals, specialist medical and allied health, and pharmacies.
For citizens and permanent residents, Australian health care can be low-cost or free. The costs of healthcare in Australia are covered through taxes. Residents pay 2% of their income to the Medicare Levy, which funds the public system.
https://www.bupa.com.au/healthcare-guide/what-is-australias-healthcare-system#:~:text=The%20Australian%20public%20accesses%20care,and%20allied%20health%2C%20and%20pharmacies.
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Rothschild - Bennett
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