- Joined
- Feb 24, 2019
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Just part of the master plan!No, other countries such as the UK do (17.5%) and a few countries give longer annual leave although most are similar.
And most western counties tax your earnings as a pensioner (eg UK, USA). Australia just goes with the flow.....except that we dont tax money from superannuation pensions until a fairly high figure.
And in France they are rioting about increasing the pension age from 60 (for those born before 1951, 62 if younger). For Australia it will be 67 from next year. So they do give an incentive to work when you are older in Australia - by not giving you a pension until 7 years older than the French!
Some countries tax you on what you own (wealth tax) not just what you earn
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So pluses and minuses - I don't see employers rushing to employ older workers here anyway (although the age is slowly increasing). Usually if it sounds good for a particular country, they get it from you some other way (e.g. Norway's additional social security tax on top of income tax)..
Get as many as possible to suicide from the stresses of a wealth tax before any pension is due & step in with DEATH Tax (many countries have one) get a substantial amount from their house and assets then the remainder goes to recipients of the will, who now become wealthy enough to qualify for the wealth tax.
Don't you love. A good scam!