2007-03-06 11:45:07 · 5 answers · asked by maur19852000 1 in Business & Finance ➔ Taxes ➔ Australia
You question doesnt seem logical or realistic and with the very limited info provided it is a challenge just to rationalise your question let alone answer it!!!!
1. In Australia & NZ (which is where this question is) taxes do not exceed income so it would not be possible to pay 20 million Aus or NZ dollars tax on a home worth 80,000 in Aud or Nzd.
2. I can only conclude that you have a vacation property in Aus/NZ worth 80,000 AUD/NZD but live overseas in a country where the currency has depreciated to such a level that the conversion of the Aus/NZ tax payable converts to around 20 million of your overseas currency.
Nice little hypothetical this one... BUT if you are being serious you really should go see a tax accountant and get firwst hand advice on your circumstances.
2007-03-06 19:58:48 · answer #1 · answered by magpiez 5 · 1⤊ 1⤋
OK, so the tax on a home worth $80, 000 ( I guess you meant that, rght ? ) is 20 million. The tax is about 250 times what the home is worth.
How many folks live in that neighborhood? I'd bet any government worth kill to get them as a taxpayer base.
Why don't you look at your question again and check it for sanity?
2007-03-06 19:51:04 · answer #2 · answered by InspectorBudget 7 · 0⤊ 0⤋
Nope
2007-03-07 03:44:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Now how can the tax be so much higher than the price?
2007-03-06 19:47:35 · answer #4 · answered by Anonymous · 0⤊ 0⤋
some glad I don't live where you do
2007-03-06 19:47:40 · answer #5 · answered by Shelly t 6 · 0⤊ 0⤋