Comments on: Guide for moving to Sydney http://burningkoala.qwip.org Tue, 20 May 2008 14:35:19 +0000 hourly 1 By: Eric http://burningkoala.qwip.org/about/guide-for-moving-to-sydney/comment-page-1/#comment-6125 Eric Tue, 20 May 2008 14:35:19 +0000 http://burningkoala.qwip.org/guide-for-moving-to-sydney/#comment-6125 Cost are too variable to estimate. For us it was the cost of plane travel, getting our health forms and visas, selling a house, selling a car, and storage for items we didn't sell. If you are looking to see how much it costs to ship furniture and other items, I don't know. Lots of links on the internets that do discuss this in one way or another. Cost are too variable to estimate. For us it was the cost of plane travel, getting our health forms and visas, selling a house, selling a car, and storage for items we didn’t sell.

If you are looking to see how much it costs to ship furniture and other items, I don’t know. Lots of links on the internets that do discuss this in one way or another.

]]> By: funfishdesigns http://burningkoala.qwip.org/about/guide-for-moving-to-sydney/comment-page-1/#comment-6124 funfishdesigns Wed, 09 Apr 2008 20:12:56 +0000 http://burningkoala.qwip.org/guide-for-moving-to-sydney/#comment-6124 Do you remember how much it cost in U.S. dollars to move? Some of my heavier costs are storage, travel and an apartment when I get there. Do you remember how much it cost in U.S. dollars to move? Some of my heavier costs are storage, travel and an apartment when I get there.

]]> By: Eric http://burningkoala.qwip.org/about/guide-for-moving-to-sydney/comment-page-1/#comment-6123 Eric Mon, 07 Apr 2008 14:01:04 +0000 http://burningkoala.qwip.org/guide-for-moving-to-sydney/#comment-6123 US citizens are responsible for US taxes, no matter where they live - or even if they are residents/citizens of another country. I guess you can think about it like a membership fee for having citizenship and a passport. Most countries have a reciprocal tax agreement, and Australia is no exception. (as of this writing) The first $80,000 US of your Australian income is not taxed in the US. Any amount over that is taxed in both countries. The reality is that, with deductions for the cost of health insurance, rent, relocation, etc., you don't really end up paying much. An example might be that you make $100,000 US in Australia. The first $80,000 is deducted from your US taxes. That leaves you with $20,000. Then you can take a deduction for rent, which in our example will be $10,000 (I made that up, not sure what the deduction is). Now you have US income of $10,000. With more incidentals you might get that down to $6,000 US. At that point, your US tax will be minimal, as you are making below the poverty line. So, although an issue, it's not as big as one might think. As for Australian tax, US residents are responsible for the full amount. For someone making $100,000 US, the realized rate is around 47%. But, again, there are deductions for being a non-resident, so that rate gets lower, but I can't tell you by how much. You'll find that you aren't paying significantly more in taxes as an Australian resident than you did in the US (unless you lived in a place like FL where there is no State income tax). More info can be found on <a href="http://en.wikipedia.org/wiki/Tax_bracket" rel="nofollow">Wikipedia</a>. US citizens are responsible for US taxes, no matter where they live – or even if they are residents/citizens of another country. I guess you can think about it like a membership fee for having citizenship and a passport.

Most countries have a reciprocal tax agreement, and Australia is no exception. (as of this writing) The first $80,000 US of your Australian income is not taxed in the US. Any amount over that is taxed in both countries. The reality is that, with deductions for the cost of health insurance, rent, relocation, etc., you don’t really end up paying much.

An example might be that you make $100,000 US in Australia. The first $80,000 is deducted from your US taxes. That leaves you with $20,000. Then you can take a deduction for rent, which in our example will be $10,000 (I made that up, not sure what the deduction is). Now you have US income of $10,000. With more incidentals you might get that down to $6,000 US. At that point, your US tax will be minimal, as you are making below the poverty line.

So, although an issue, it’s not as big as one might think.

As for Australian tax, US residents are responsible for the full amount. For someone making $100,000 US, the realized rate is around 47%. But, again, there are deductions for being a non-resident, so that rate gets lower, but I can’t tell you by how much. You’ll find that you aren’t paying significantly more in taxes as an Australian resident than you did in the US (unless you lived in a place like FL where there is no State income tax).

More info can be found on Wikipedia.

]]> By: funfishdesigns http://burningkoala.qwip.org/about/guide-for-moving-to-sydney/comment-page-1/#comment-6122 funfishdesigns Mon, 07 Apr 2008 13:13:04 +0000 http://burningkoala.qwip.org/guide-for-moving-to-sydney/#comment-6122 Very informative article. As I understand non-residents of A.U., pay a 29% income tax. Are there any other supplemental taxed dollars? Also for U.S. residents what taxes are they responsible for paying when employed in A.U.? Very informative article.

As I understand non-residents of A.U., pay a 29% income tax. Are there any other supplemental taxed dollars?

Also for U.S. residents what taxes are they responsible for paying when employed in A.U.?

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