As it is the summer of tennis & the family enjoyed a day at the Brisbane International then here is a post I wrote some summers ago.

Why does Lleyton ‘reside’ in the Bahamas?

Com’on’, ’ Com’on’

‘Why does Lleyton reside in the Bahamas? ‘

We note that his total prize money from his matches is $20 million+.

Would he have kept much of that if he resided in Australia?

He & his advisers  would have studied  TAXATION RULING IT 2650

Com’on, Com’on.

It must be the taxx that Lleyton would pay if he was to reside here.

Our guess when we saw in win against Roger @ Brisbane was he won over 180,000.

i.e. he would pay 57,300 from the ATO calculator if a normal individual tax payer.

The marginal tax rate is 45% over 180,000.

That is a serious amount to waste, maybe paying the nearly 900,00 on disability benefits & a similar number of unemployed.

As Lleyton said at his post match win ‘he doesn’t train hard all week just to turn up’.

No doubt Lleyton doesn’t win just to waste it in taxx.

You can’t waste your taxx either. However off to the Bahamas is not necessary to minimise yours & we said minimise your taxx.

There are strategies available to you to do so.

However they all depend on your cashflow.

We played the cashflow game for kids recently & it is VERY worthwhile for you too.

And

We have wondered what Stan has tattooed on his arm.

Call  today 07 3848 1088  or This email address is being protected from spambots. You need JavaScript enabled to view it.r visit our websites  as others do.

John McAuliffe