TheBilly » user profile
| Member Since | 30/05/2017 |
|---|---|
| Last Seen | 9 hours 32 min |
| Badges | 25 2 |
| Location | Sydney |
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TheBilly commented on Phantom Wallet Hacked, No Idea How
I don't know whats worse... Loosing all my crypto this way .... or loosing it on a high level trade with a market crash... It is lose…
Fair call...I haven't been to Japan so you may be right if you've been to both... But China was impressive. I've been to other countries…
TheBilly commented on Japan Package for Family of Four- April 2026
Consider going to China. It's way cheaper and extremely fun. People are so nice, food is wonderful, everything is so cheap to do and buy. I…
Next Level Racing GT Lite (Black) https://nextlevelracing.com/products/gtlite-carbon-grey-edition/ I got this because it was cheap and…
TheBilly commented on PS 5 Racing Wheel
I used a G923 Logitech wheel and pedal set on a PS5 which I would say is great value for money. There is really no need for a hobbyist to…
TheBilly commented on Derrimut Gym Owner Owes ATO $11m
Holy moly How does one resolve a life problem like this
TheBilly was awarded a badge.
I heard they have such a high local demand they can't keep up with that yet, let alone start exporting
Wouldn't call them worse, but I would say they are not as featured
I can only aspire
When I went to China, the EVs they have over there versus what we get here is leaps and bounds ahead. So we are already getting the back…
>Any comment, advice, criticism (not a rough one) is welcome What are you doing to actually live an enjoyable exciting content life? Just…
> I’m very much biased against unfettered greed and turning housing from a human need into an investment vehicle for the wealthy That is…
There is always two sides to economics. Me selling also creates increased rent pressure because I’m selling at a higher price and the new…
Well not really. I don't want to share specifics. But I own a few VIC properties with a few different tennants. My tennants are all single…
Umm there actually is. As an individual if you want to operate under a Pty Ltd - there are personal services income rules
Yes why not? Do the math's, people will happily accept that arrangement because you'll be way in front. Have the same claimable deductions…
No they are not. Just one example of an expense: An individual cannot claim motor vehicle expenses from their primary location of residence…
Accessible leverage.
Start DCA selling your portfolio and plan to be out by December or when you think this bull run will end. That way if there is any more…
Yes I’m aware. But a corporation can claim the cost of travelling to the location they will earn income. But the individual cannot claim…
Yes - or make the claimable deductions the same for all individuals and corporations For example: a vehicle I cannot claim my vehicle costs…
Yes I'm aware, there is concepts like debt recycling. But the company is still being taxed on income minus expenses whereby the individual…
Because there are two types of entities in question here - companies vs individuals and they are treated differently under the system. So…
Its not misrepresented. Those are the percentages paid out of all income tax received. You have just expanded the categories now and said…
If you take the ATO statistics as they are presented then yes that is correct. But not GST, that is a separate tax on all of society. But…
Yes you are correct. It is the interest that is deductible.
TheBilly commented on Investment - Trying to not be behind
All I'll say is, with property your not going to see much benefit until after 10 years so if you do it be ready for the long game. When I…
Loan payments to foreign owned subsidiaries to minimize company profits at tax time
Well no because in 22-23 Total wages paid to Australians was around $1.2 trillion Total revenue earnt by businesses was $7.4 trillion The…
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