Sunday, December 19, 2010

financial tidbits

I found out today that the average monthly pay in the Playa area is $600 us.  Dentists make between $30-$35,000 annually, doctors close to $100,000 (although plastic surgeons make significantly more), police officers $600/month, waiters, waitresses and gas pump attendants work strictly on tips, maids earn 200 pesos a day (equivalent to about $17 Canadian), elementary teachers approximately $1000 us per month and mechanical engineers do not make more than a concierge working in the timeshare business.

I also confirmed that there is no welfare system here ... you don't work, you don't receive money.  There is some sort of "old age security" however it is not much.  If you have a formal paying job you pay 10% tax right off the top and then another 10% off the remainder.  And this percentage doesn't vary depending on your income bracket ... it is the same for all tax payers. 

Public school costs 500 pesos per year per child plus uniforms. 

You have to pay a 2-3% state tax for ten years (tenincia) on your vehicle.  If you buy a used vehicle older than 10 years and its been paid you do not pay ... if its 8 years old and its been paid you pay the tax for 2 years.

The majority of the shops on 5th Ave are owned by Italians.

No comments:

Post a Comment