I was being a little facetious about my poor children, humour...

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    I was being a little facetious about my poor children, humour and irony not your cup of tea obviously.
    In truth I would like them to have as much fun as possible while they are young, they are too serious in my view.


    You seem to be assuming that I was talking about the tax I would be paying on the  income I am earning from my investments now. Although it isn't that far off. No, I am talking about the sum total of concessions on contributions, and compounded earnings on those concessions[which otherwise would have been  in taxed at my marginal rate] over 40 years.  So a 20k contribution left me with 17k to invest, rather than 10k, and the earnings on that 17k investment were taxed at 15%, instead of 50%. This is money foregone by the government.  
    What would my net worth be, if I had not had available to me the tax concessions that super provided?
    Keep in mind, for virtually all of my working life until I semi retired , admittedly at an early age, I was in the highest marginal tax bracket.
    So, lets say my wife and I live 20 years on an aged pension, so the government pays us 700k pension over that time.
    I promise you, the concessions I have had , have increased my net wealth by a  larger amount than that.
    And that doesn't take into account the concessions on taxation that I continue to look forward to.
    Just as an example to illustrate the point lets assume 3.2mill in a couples pension account, 5% drawdown , 80 k each , no tax.
    Tax on 80k normally 17.5k by 2 = 35k. Oops, pretty close to the pension already.
    But it gets better, the 3.2mill fund is actually earning 7.5%, so the net worth is going up by another 80k per year, again tax free.
    If that wasn't receiving concessional treatment, then about another 29k tax.
    Now this is an example at the top end, but work your way down the numbers.
    The government is foregoing tax now with its concessions, much greater than a pension would cost.
    And would have foregone even greater amounts during the contribution and accumulation phase for this couple.

    As far as being rude, your talent for it, far exceeds your ability to work with numbers.
    So goodbye.
                                        







 
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