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choudoufu
Joined: 25 May 2010
Posts: 3325
Location: Mao-berry, PRC
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 Posted: Tue Apr 22, 2014 4:13 am Post subject: |
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| El Macho wrote: |
A uni wage by itself is a poverty wage!  |
yebbut....okay, i get you're talking 'disposable' income. so we don't add
in the value of apartment and utilities, or the value of the transport we
don't need to purchase.....and who can put a monetary value on the love
and respect we receive from the chinese teachers....
but you must include bonuses and airfare reimbursement and other
allowances, and you must factor in that most (if not all) of our salary
and benefits are tax-free.
subtract food, i suppose your average uni teacher would have a disposable
income of 5000-6000 rmb/month.
what does this mean in relation to the referenced story? not a damn thing.
you're comparing 14-to-16 hour-per-week part-timer employees to
40-to-60-hour-per-week full-time employees. |
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Bud Powell
Joined: 11 Jul 2013
Posts: 1736
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| Posted: Tue Apr 22, 2014 11:11 am Post subject: |
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"...yebbut....okay, i get you're talking 'disposable' income. so we don't add in the value of apartment and utilities..."
Believe it or not, in the west, disposable income means little more than what's left over after taxes. I don't agree that necessities such as housing, utilities, food, and transportation are really disposable income (especially if one has a family. If one fails to feed his kids for not using that "disposable" income on food, he's in big trouble).
But it's true.
"... and who can put a monetary value on the love
and respect we receive from the chinese teachers.... "
I can.  |
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choudoufu
Joined: 25 May 2010
Posts: 3325
Location: Mao-berry, PRC
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| Posted: Tue Apr 22, 2014 11:35 am Post subject: |
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| Bud Powell wrote: |
| ... I don't agree that necessities such as housing, utilities, food, and transportation are really disposable income... |
that's sorta what i was getting at there. they are essential expenditures,
after which you can calculate disposable income.
i meant you could not add in the value of apartment and utilities provided
to the ft, because had they been given an allowance (or not) to cover
the cost, those payments would be deducted anyway when calculating
disposable income. |
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weigookin74
Joined: 30 Mar 2010
Posts: 265
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| Posted: Wed Apr 23, 2014 6:46 am Post subject: |
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| johntpartee wrote: |
| I've stashed 14000 USD in the last 18 months. That includes a summer-before-last one month stint at a middle school (gross 17000 RMB) This includes airfare reimbursement and travel allowance from the university. I haven't done without, although I am careful (also don't drink). If I subtract what my plane ticket here cost and what it will cost me to get back to the other side of the world, I've netted 12000 US (and I don't make astronomical wages [less than 10000 yuan per month]). I have a standard uni position; apartment provided, stock hours, etc. |
But, how do you do it? I've heard China blocks you from sending large amounts home. So, are there tricks you have to pull to get that money saved up and into your Canadian bank account? |
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Shroob
Joined: 02 Aug 2010
Posts: 1339
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| Posted: Wed Apr 23, 2014 7:45 am Post subject: |
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| weigookin74 wrote: |
| johntpartee wrote: |
| I've stashed 14000 USD in the last 18 months. That includes a summer-before-last one month stint at a middle school (gross 17000 RMB) This includes airfare reimbursement and travel allowance from the university. I haven't done without, although I am careful (also don't drink). If I subtract what my plane ticket here cost and what it will cost me to get back to the other side of the world, I've netted 12000 US (and I don't make astronomical wages [less than 10000 yuan per month]). I have a standard uni position; apartment provided, stock hours, etc. |
But, how do you do it? I've heard China blocks you from sending large amounts home. So, are there tricks you have to pull to get that money saved up and into your Canadian bank account? |
I transferred money to a trusted Chinese friend then they transferred it home. I did this in one lump sum after almost 2 years of staying in China, so it was a fair wad. Not a problem. Chinese nationals have a limit of, I think, $50,000 USD per year they can transfer out. Mine may have been a wad but it wasn't that much! |
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naturegirl321
Joined: 04 May 2003
Posts: 9041
Location: home sweet home
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| Posted: Wed Apr 23, 2014 7:53 am Post subject: |
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| Can you still change up to 500 usd per year and then physically take it out? |
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choudoufu
Joined: 25 May 2010
Posts: 3325
Location: Mao-berry, PRC
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| Posted: Wed Apr 23, 2014 11:36 am Post subject: |
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you "should" be able to change up to $500 per day (per bank!)
with only your passport. YKMMV
you "should" be able to change up to 70% (depends on contract)
of your pay monthly, if you have your tax receipts. YKMMV
you can send up to $500 by swift daily, but fees add up. western
union is also an option.
take a chinese friend. if you have no friends, take your fao.
they can do the swift for you. takes an hour, two at the most.
essentially no limit.....as in the limit is not something you're likely
to hit on a teachR's salary.
get a second unionpay bank card, mail to a trusted friend back
home, let them withdraw at their local atm.
carry a wad of rmb's in a shoe box when you fly home. the limit
for carrying cash in/out is more than you'll likely have, although
you may have to declare the amount going through customs. |
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fat_chris
Joined: 10 Sep 2003
Posts: 3198
Location: Beijing
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| Posted: Wed Apr 23, 2014 12:41 pm Post subject: |
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| choudoufu wrote: |
carry a wad of rmb's in a shoe box when you fly home. the limit for carrying cash in/out is more than you'll likely have, although
you may have to declare the amount going through customs. |
10,000 USD is it? At least is that the amount of RMB that you're allowed to bring into U S and A (60,000RMB or so)? Allowable exit values when leaving da Mutha-land?
Warm regards,
fat_chris |
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choudoufu
Joined: 25 May 2010
Posts: 3325
Location: Mao-berry, PRC
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| Posted: Wed Apr 23, 2014 1:04 pm Post subject: |
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| fat_chris wrote: |
10,000 USD is it? At least is that the amount of RMB that you're allowed to bring into U S and A (60,000RMB or so)? Allowable exit values when leaving da Mutha-land?
Warm regards,
fat_chris |
i'm pretty sure (maybe) there is no limit on bringing cash into the usa.
and....hooray.....it's not taxed.
if you carry more than US$10K (or equivalent), then you gots to fill out
a form. that's pretty much it. they're looking out for money laundry.
maybe you have to explain where you got it. so you say, "i was an
engrish teachR in chiner, one of the highets paid teaching salaries on the
planet, thanks to the teachR's union!" if they don't believe you, just
show them these five links................
how much can you carry out of our china? i think maybe it's the same.
US$10K or equivalent in renminbucks. if more than that, fill out a form
and explain you proudly wear the union label.
.....unless you're a chinese politician, in which case the limit is several bazillion. |
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fat_chris
Joined: 10 Sep 2003
Posts: 3198
Location: Beijing
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| Posted: Wed Apr 23, 2014 1:11 pm Post subject: |
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| choudoufu wrote: |
| .....unless you're a chinese politician, in which case the limit is several bazillion. |
'specially if yer on yer way into da 澳门。
Put it all on red.
Warm regards,
fat_chris |
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scratchpiece27
Joined: 11 Mar 2011
Posts: 44
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| Posted: Thu Apr 24, 2014 5:04 pm Post subject: |
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...
Last edited by scratchpiece27 on Wed May 28, 2014 6:48 am; edited 1 time in total |
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thechangling
Joined: 11 Apr 2013
Posts: 276
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| Posted: Fri Apr 25, 2014 1:33 am Post subject: |
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| Scratch are you a Certified Teacher in your home country, to get a salary of that magnitude? |
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scratchpiece27
Joined: 11 Mar 2011
Posts: 44
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| Posted: Fri Apr 25, 2014 2:50 am Post subject: |
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| No I'm not. I have a TEFL and 4 years experience. |
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naturegirl321
Joined: 04 May 2003
Posts: 9041
Location: home sweet home
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| Posted: Fri Apr 25, 2014 9:21 am Post subject: |
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| 15k is good but certified teachers could make more. Scratch is working a couple jobs which allows him to earn 28k. Good on you for being able to save so well. |
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Bud Powell
Joined: 11 Jul 2013
Posts: 1736
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| Posted: Fri Apr 25, 2014 11:43 am Post subject: |
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I wonder if anyone has been able to withdraw money from their Bank of China account from a BoC account in the States. If so, that'd solve a lot of problems for those whose public universities don't pay Ft's tax, therefore making it impossible for them to exchange rmb for dollars.
There are BOC branches in Manhattan as well as in San Francisco. |
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