laying ground-work for car leasing to reflect changing to monthly after-tax or even buying out. For now, no actual change in calcs, just prep work

calc.py

@@ -3,8 +3,8 @@ from datetime import datetime, timedelta
 
 def add_annotation(finance, dt, total, delta, text):
     # dont add an annotation for small changes (jic)
-    if abs(delta) < 5000:
+#    if abs(delta) < 5000:
-        return
+#        return
     tm = dt.timestamp() * 1000
     if delta > 0:
         text += f": ${int(abs(delta))}"
@@ -36,29 +36,55 @@ def calculate_savings_depletion(finance):
     TLS_price = finance['TLS_price']
     CBA_price = finance['CBA_price']
 
+    ### COMPLEX tax implications with my leave I have not taken.   It will be taxed in the year I 'quit' ###
+
     # leave in days, 10 business days to a fortnight, 
     # paid before tax I earn $7830.42 / fortnight.  Tax on that will be at 37% or $4933.16 after tax
     #   if we could stretch this to July 2026, then would be more (due to less tax)
-    after_tax_extra_leave_per_fortnight = 4933.16
+    bus_days_in_fortnight=10
-    D_leave_after_tax = (D_leave_owed_in_days/10) * after_tax_extra_leave_per_fortnight;
+
+    # this is what I earn before-tax
+    pre_tax_D_earning = 7830.42
+
+    # as the leave is just on top of my existing earnings and if in 2024 fin year, just take tax at 37% for the extra leave amount
+    D_leave_after_tax = (D_leave_owed_in_days/bus_days_in_fortnight) * pre_tax_D_earning * (1-0.37)
+
+    # However, if I quit in the next fin year - tax for 2025 will be: $4,288 plus 30c for each $1 over $45,000
+    #   (assuming the 7830.42 * ~90/bus_days_in_fortnight = ~ $64k - > 45k and < $135k bracket is 30%)
+    #   Given, I probably can't stop Deakin doing PAYG deductions, I won't get
+    #   the tax back until the end of the financial year, so work out the
+    #   amount of tax I will get back info: tax_diff_D_leave
+    tax_on_leave = (pre_tax_D_earning * (D_leave_owed_in_days/bus_days_in_fortnight) - 45000)*.3 + 4288
+    D_leave_after_tax_new_fin_year = pre_tax_D_earning * (D_leave_owed_in_days/bus_days_in_fortnight) - tax_on_leave
+    tax_diff_D_leave = D_leave_after_tax_new_fin_year-D_leave_after_tax
+
+    ### leave / tax items finished ###
+
+    # convenience vars to make it easier to read conditional leave tax/payment logic below
+    D_has_quit = False
+    claim_tax_on_leave = False
+    new_fin_year_25 = datetime(2025, 7, 1)
+    new_fin_year_26 = datetime(2026, 7, 1)
 
     # Constants for interest calculations
     annual_interest_rate = Interest_Rate / 100.0
     daily_interest_rate = annual_interest_rate / 365
 
-    # Time periods: start from now, and simulate till D is 65 (April 25)
+    # main loop range -- start from now, and simulate till D is 60 (April 2031)
     current_date = datetime.now()
     end_date = datetime(2031, 4, 15)
 
     # Fortnightly pay
     car_loan_via_pay = Car_loan_via_pay  # Fortnightly payment while income is paid
-    regular_car_loan = Car_loan # Fortnightly payment after salary ends
+    regular_car_loan = Car_loan/2 # Fortnightly payment after salary ends (current cost in in months) -- TODO: make this be paid monthly
 
     # Calculate daily living expenses
     daily_living_expenses = Living_Expenses / 365
 
     # take a stab at future rego and insurance on the Ioniq 6 when we finish the lease - paid every anniversary of the Car balloon payment date
-    post_lease_car_costs = 800 + 2000
+    ioniq6_rego = 800
+    ioniq6_ins = 2200
+    post_lease_car_costs = ioniq6_rego + ioniq6_ins
 
     # Start the calculation
     current_savings = Savings
@@ -103,11 +129,24 @@ def calculate_savings_depletion(finance):
                 D_Num_fortnights_pay -= 1
 
             if D_Num_fortnights_pay == 0 and D_leave_after_tax > 0:
+                D_has_quit = True
+                # okay, if we leave before Jun 30th 2024, then I pay full tax, otherwise I get 'extra', but have to await end of next fin year
+                if current_date > new_fin_year_25:
+                    claim_tax_on_leave = True
+                else:
+                    claim_tax_on_leave = False
                 print(f"D has resigned {current_date}:  get paid out my 9 weeks leave and lose 45% to tax - ${D_leave_after_tax}" )
                 current_savings += D_leave_after_tax
                 add_annotation(finance, current_date, current_savings, D_leave_after_tax, "D quit" )
                 D_leave_after_tax = 0
 
+            # its end of 'next' fin year, if tax_diff > 0, then ddp quit after new tax year and gets back the overpaid tax
+            if current_date > new_fin_year_26 and claim_tax_on_leave:
+                current_savings += tax_diff_D_leave
+                add_annotation(finance, current_date, current_savings, tax_diff_D_leave, "D quit - tax back" )
+                # can only claim the tax back once :)
+                claim_tax_on_leave=False
+
             if fortnight_income:
                 print(f"salary paid by Deakin: {current_date} adding: {fortnight_income}" )
             current_savings += fortnight_income
@@ -139,10 +178,13 @@ def calculate_savings_depletion(finance):
             current_savings -= Car_balloon
             add_annotation(finance, current_date, current_savings, -Car_balloon, "car balloon")
 
-        # Anniversary of Car balloon so pay insurance/rego
+        # Anniversary of Car purchase/balloon so potentially insurance/rego
-        if current_date.year >= car_balloon_date.year and current_date.month == car_balloon_date.month and current_date.day == car_balloon_date.day:
+        # when I quit, the if we haven't paid the car outright, then need to add rego, but not insurance
-            current_savings -= post_lease_car_costs
+        # if we pay-out the car, then add insurace and rego
-            add_annotation(finance, current_date, current_savings, -post_lease_car_costs, "IONIQ 6 ins/rego" )
+        if current_date.month == car_balloon_date.month and current_date.day == car_balloon_date.day:
+            if current_date.year > car_balloon_date.year:
+                current_savings -= post_lease_car_costs
+                add_annotation(finance, current_date, current_savings, -post_lease_car_costs, "IONIQ 6 ins/rego" )
 
         if current_date.date() == overseas_trip_date.date():
             current_savings -= Overseas_trip
@@ -166,10 +208,14 @@ def calculate_savings_depletion(finance):
             print( f"DRP {current_date} - adding {drp} CBA shares" )
             D_CBA_shares += int( (2.25*D_CBA_shares/CBA_price) )
 
-        if Sell_shares>0 and current_date.month == 7 and current_date.day == 1:
+        # if selling shares, and its 1st of July...
+        # BUT not if D quits so his leave payout comes in 2025 fin year, then don't sell shares at all as we will be over as already paying tax
+        if D_has_quit and Sell_shares>0 and current_date.month == 7 and current_date.day == 1:
             # 2024 Govt. value
             tax_threshold = 18200 
+            # cap-gains is 50% of profit (lazy profit calc here, just assume its all profit)
             can_sell = 2*tax_threshold
+
             actual_sell = 0
             # sell off TLS first - and they are way under the limit, so just sell them all in one hit
             if D_TLS_shares > 0: