Kooly87
NRL Captain
- Jun 2, 2017
- 4,197
- 7,275
It's less than my mortgage, but hey, I live in Sydney.We can do the math:
If the contract is at 700k, first he pays 6% to his manager, that's 42k which leaves 658k. The simple tax calculator from the ato has the tax payable on that amount as a shade over 269k. That leaves his actual income before any expenses as 389k. That's still plenty of money but smaller than a lot of mortgages.
They live in Ipswich as far as I'm aware though, with a median house price under $400k in the last 12 months, so assuming they bought it yesterday and had to front a 20% deposit, then the balance on day 1 of repayments would be just over 300k, which would still be far less than Fifita's after tax salary for just one year.
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