phoenixdigita1

joined 1 year ago
[–] [email protected] 3 points 1 year ago* (last edited 1 year ago) (1 children)

Same here. I got a Oculus DK2 VR headset solely for Elite Dangerous. Have since moved on from Elite but haven't lost the enjoyment for VR games.

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

Pretty sure they are playing the long game with VR/AR. While the headsets are bulky and heavy now they are trying to build a software ecosystem for when the technology catches up and headsets are nearer the size of a pair of glasses.

Apple have obviously also seen where the tech is heading too and want in the game early enough as well. The price of their first offering is obviously ludicrous but in time the price and form factor is going to diminish. The first laptops and mobile phones were ridiculously large and look where we are now.

Zuckerberg said to his shareholders when he bought Oculus that they shouldn't expect it to turn a profit for a minimum of 10 years and possibly longer. He also warned to shareholders they would be pumping a lot of money in long before they see a profit.

Time will tell if it pays off for them.

[–] [email protected] 3 points 1 year ago (1 children)

I've seen a pretty significant delay in updates (and posts) between instances (sometimes hours). So it probably looked fine on aussie.zone but the update didn't trickle through to @[email protected] instance for a while

 

I'm getting a bit confused about how this works even after reading the ATO website.

https://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-contributions---too-much-can-mean-extra-tax/?page=4#Ifyoudontwithdrawyourexcessconcessionalc

They provide heaps of examples where people have over $1.6 million in their super with warnings about you possibly getting taxed 95% on the extra contributions. But nothing about what happens if you have less than $1.6 million in super.

My situation

  • Super total value less than $350k
  • Paid $30.5k in employer and Voluntary Before-Tax Contribution (excess of about $3k over $27.5k cap)
  • Wage in the top tax bracket

From what I gather from reading my previous tax return the excess ($3k that year) they just added to my taxable income and then adjusted my owed tax. So I'm guessing I paid the top tax bracket of 45% on that extra.

I have the option to release 85% of this excess based on the above link. From what I can tell it's mainly to help people pay the additional tax they incur or for people with more than $1.6 million in their super wanting to avoid a huge tax hit on the extra.

Am I paying less tax by leaving it where it is in super or releasing the 85% back to myself?