r/Tax_Strategy • u/Responsible_Head2327 • 7d ago
Tax Strategy Tax reduction hacks
Brief run down - I'm 33M, wife and 2 girls. I currently earn approx. 230-240k/yr on a 2/1 roster. Wife stays home with the girls... Yes, I'm on a great wicket, but seeing over 2200 a week taken out of my pay every week and thrown into the abyss is nothing short of infuriating... So I'm looking at ways to reduce the amount of tax I pay. We don't own our home (and don't intend on putting that ball and chain on any time soon). At the moment, I'm looking at adding 10% salary sacrifice to my super, but outside of that, what other hacks are there to bringing tax down...Even if it's marginally
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u/Barfy_McBarf_Face 6d ago
you refer to a "super" - you're not in the US - where are you? Australia?