2.Too good to be sure!!
How much tax Aussie need to pay?as a expat ,you are a FT
there
and your pay must be good.
So many free,who will foot the bills?The next generation
to pay for Aussie huge debt?
sources of graph below:Order Code RL31590
The Federal Government Debt:
Its Size and Economic Significance
Updated January 27, 2006.
Brian W. Cashell
Specialist in Quantitative Economics
Government and Finance Division
Left HS:% as GDP 0 to 120.Right HS:S$billions 0 to 5000.
Figure 1 shows(Aussie) gross federal debt held
by the public since 1940 to 2001.
The solid line plots the dollar value of the debt held by the
public since 1940. These are nominal amounts
(i.e., they have not been adjusted for inflation.)
The dashed line shows the debt held by the public
as a percentage of GDP.
So the Aussie public debt is A$4500 billions or 40% of
GDP.
When u get the Aussie passport,congra,u also incurr national
debt held by public of A$200,000.
At 5% interest rate,each Aussie citizen has to bear the
interest
of A$10,000!!
3.There is no free lunch.Either u pay or someone else!!
But not me.I wont go to the place where huge debt of state
is waiting for me and my kids to settle.
