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$2m Home Tax - What's next?
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Re: $2m Home Tax - Whats next?
Trainspotter
I recall the insurance levy is actually a Fire Service levy, but happy to be corrected on that. Who you gonna call when the house starts burning?
No public pre-schools where I live, only private ones. But kids will go to public school once they are old enough. Private health insurance is an interesting one - I got it because financially I was better off even if I never made a claim because the ATO charges a 1% levy on family income if you do not have health insurance. It also came in useful when we had the kids because it made is easy to go private.
I actually do my own tax return so do not need a better accountant. Sure could have saved tax by investing in various timber and agricultural schemes, but these all seem to have turned out crap. Not much point saving $50 in tax if you lose the $100 investment in the first place. And hey, someone has to pay tax for all those welfare bludgers.
Oh and the brown shirts were the fascists, not the communists. LOL
Trainspotter
I recall the insurance levy is actually a Fire Service levy, but happy to be corrected on that. Who you gonna call when the house starts burning?
No public pre-schools where I live, only private ones. But kids will go to public school once they are old enough. Private health insurance is an interesting one - I got it because financially I was better off even if I never made a claim because the ATO charges a 1% levy on family income if you do not have health insurance. It also came in useful when we had the kids because it made is easy to go private.
I actually do my own tax return so do not need a better accountant. Sure could have saved tax by investing in various timber and agricultural schemes, but these all seem to have turned out crap. Not much point saving $50 in tax if you lose the $100 investment in the first place. And hey, someone has to pay tax for all those welfare bludgers.
Oh and the brown shirts were the fascists, not the communists. LOL
Re: $2m Home Tax - Whats next?
Would be a pretty boring ASF if the only views were the rabid right wing ones.
Looks like there are some Commies out there
Would be a pretty boring ASF if the only views were the rabid right wing ones.
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Re: $2m Home Tax - Whats next?
A single flat rate of tax is the logical extension of simplied income support through the tax system however salaries for lower income earners would need to rise to ensure a reasonable standard of living. Rebates for dependants as described earlier would also need to be maintained.
You'll never have a career in politics suggesting things like that (EDIT: On second thought you might. 30% would be rather high for a single flat rate).
A single flat rate of tax is the logical extension of simplied income support through the tax system however salaries for lower income earners would need to rise to ensure a reasonable standard of living. Rebates for dependants as described earlier would also need to be maintained.
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Re: $2m Home Tax - Whats next?
Fire Service Levy is on every council rate applicable. You do not have a choice in paying it. It forms part of your rateable land portfolio (if you have one) as well as land tax, Water Rates, rubbish collection etc etc. It is expensive to own and hold vacant land property with no income. Relying on CG for growth. Not complaining, just pointing out the facts. The only way around it is to RENT. Hmmmmmmm .. now there is an attractive proposition .... NOT !
It sees you like to have your cake and eat it too, when it suits you. Private for some things and public for others? I choose and pay for private every time. Why? Because I can afford it. It also means I am not a burden on the public system in any way. No child allowance, no FAS, no $900, no handout mentality for this little black duck. Oh yeah, I paid 70k into the black hole of Canberra last year.
Suggesting that you may look at alternative investment models and not tea tree farms and such that have completely hit the spinning blades of bankruptcy of late. But if you are quite happy handing over 100k to the ATO year in and year out (when you were gainfully employed) then by all means subsidise those "welfare bludgers" as you so aptly described them.
This debate has turned non sensical as Wayne Swan has thrown his cards on the table for all to seen and claims that this "agenda" is a great media hack job yet again to frighten the voters into the blue corner. It aint gonna happen. But then again this is what they said about the GST. LOLOL
Fire Service Levy is on every council rate applicable. You do not have a choice in paying it. It forms part of your rateable land portfolio (if you have one) as well as land tax, Water Rates, rubbish collection etc etc. It is expensive to own and hold vacant land property with no income. Relying on CG for growth. Not complaining, just pointing out the facts. The only way around it is to RENT. Hmmmmmmm .. now there is an attractive proposition .... NOT !
It sees you like to have your cake and eat it too, when it suits you. Private for some things and public for others? I choose and pay for private every time. Why? Because I can afford it. It also means I am not a burden on the public system in any way. No child allowance, no FAS, no $900, no handout mentality for this little black duck. Oh yeah, I paid 70k into the black hole of Canberra last year.
Suggesting that you may look at alternative investment models and not tea tree farms and such that have completely hit the spinning blades of bankruptcy of late. But if you are quite happy handing over 100k to the ATO year in and year out (when you were gainfully employed) then by all means subsidise those "welfare bludgers" as you so aptly described them.
This debate has turned non sensical as Wayne Swan has thrown his cards on the table for all to seen and claims that this "agenda" is a great media hack job yet again to frighten the voters into the blue corner. It aint gonna happen. But then again this is what they said about the GST. LOLOL
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Re: $2m Home Tax - Whats next?
Well it may have turn non sensical, yet it still doesnt detract from, and as you have rightly pointed out before I could, I think I remember something about there 'never ever, ever being a GST'. I could think of others, yet this is a lazy Sunday afternoon and one example is enough.
If Dudd and Co, want to have a legally binding letter drawn up that says this was never on the agenda, was never in our minds, will never ever, ever, ever be implemented as part of a Labor Party policy platform - lets say, for the next 50 yrs, otherwise, if so, we will serve the rest of our lives in goal, then I will believe this to be non sensical, yet until that happens this will always be one of those little taxes the ALP likes because it doesnt hurt those that vote for them! Apart from most of the Fed ALP who earn buckets and would be affect.
Well it may have turn non sensical, yet it still doesnt detract from, and as you have rightly pointed out before I could, I think I remember something about there 'never ever, ever being a GST'. I could think of others, yet this is a lazy Sunday afternoon and one example is enough.
If Dudd and Co, want to have a legally binding letter drawn up that says this was never on the agenda, was never in our minds, will never ever, ever, ever be implemented as part of a Labor Party policy platform - lets say, for the next 50 yrs, otherwise, if so, we will serve the rest of our lives in goal, then I will believe this to be non sensical, yet until that happens this will always be one of those little taxes the ALP likes because it doesnt hurt those that vote for them! Apart from most of the Fed ALP who earn buckets and would be affect.
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Re: $2m Home Tax - Whats next?
Where there is smoke there is fire. If it was not on the agneda then who authorised a think tank on possible ways to tax the "nouveau riche"? Never say never when it comes to politics. Has a bad habit of biting you on the backside. Backflip, flip/flop, changed my mind blah blah blah , heard it all before.
Where there is smoke there is fire. If it was not on the agneda then who authorised a think tank on possible ways to tax the "nouveau riche"? Never say never when it comes to politics. Has a bad habit of biting you on the backside. Backflip, flip/flop, changed my mind blah blah blah , heard it all before.
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Re: $2m Home Tax - Whats next?
Well this is all very nice, yet as TS said, there is no smoke without fire. And so, is Mr Swallow suggesting the Oz had nothing better to do and make the story up, dont get me wrong, most of what they write is made up or written by someones 8 yr old, yet this didnt just come out of thin-air!
So the panel has considered it, thought of it, raised it, talked about it blah blah ... and its interesting that it is factually incorrect, which part of it is correct?
Well this is all very nice, yet as TS said, there is no smoke without fire. And so, is Mr Swallow suggesting the Oz had nothing better to do and make the story up, dont get me wrong, most of what they write is made up or written by someones 8 yr old, yet this didnt just come out of thin-air!
So the panel has considered it, thought of it, raised it, talked about it blah blah ... and its interesting that it is factually incorrect, which part of it is correct?
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Re: $2m Home Tax - Whats next?
To me the smoke is not that the think tank was considering it as an option but in that it was leaked to the media.
To me the smoke is not that the think tank was considering it as an option but in that it was leaked to the media.
pursuitute
woulda,coulda,shoulda - didn't
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Re: $2m Home Tax - Whats next?
MMMM see how people assume
Where did I mention in this post I was one of the rich. I simply find the have-nots are perjurious towards the ones that have.
I am one of those people that admire what people achieve in their life time whether it be simply to paint pictures or create empires.
But when you make your choice don't expect other to pay for it.
I left school at 14 because my parents couldn't afford for me to go to school yes" get the violins out". I took an Apprenticeship very few choices given to females who were poorly educated in the 80S. I went to school at night and paid for my own education while working full time 6 days and one night per week. People have choices to stay where they are and blame their birth rights or to become something they desire we are makers of our own destiny. Its not easy but it can be done. I don't own a luxury car I own a 1996 Toyota. I don't own a 2mil house either. However one day it might be worth that.
Stamp duty on expensive home, insurance tax, private school fees. These are all choices. These are not choices they are there wether we like it or not.
Where did I mention the word private schools mmmmmmmm.
Because these people have achieved a status financially they don't get benefits for public schools that everyone else is entitled to, yet they are expected to contribute more to sociality by way of taxes.
People who don't plan for their own retirement are stupid, its a fact.
I pay for private medical also, but some now I seem to be in the tax bracket where I pay more for Medicare.
I haven't accused you of anything why are you so defensive, its not about you !
It is general thoughts being expressed on a forum.
MMMM see how people assume
Where did I mention in this post I was one of the rich. I simply find the have-nots are perjurious towards the ones that have.
I am one of those people that admire what people achieve in their life time whether it be simply to paint pictures or create empires.
But when you make your choice don't expect other to pay for it.
I left school at 14 because my parents couldn't afford for me to go to school yes" get the violins out". I took an Apprenticeship very few choices given to females who were poorly educated in the 80S. I went to school at night and paid for my own education while working full time 6 days and one night per week. People have choices to stay where they are and blame their birth rights or to become something they desire we are makers of our own destiny. Its not easy but it can be done. I don't own a luxury car I own a 1996 Toyota. I don't own a 2mil house either. However one day it might be worth that.
Stamp duty on expensive home, insurance tax, private school fees. These are all choices. These are not choices they are there wether we like it or not.
Where did I mention the word private schools mmmmmmmm.
Because these people have achieved a status financially they don't get benefits for public schools that everyone else is entitled to, yet they are expected to contribute more to sociality by way of taxes.
People who don't plan for their own retirement are stupid, its a fact.
I pay for private medical also, but some now I seem to be in the tax bracket where I pay more for Medicare.
I haven't accused you of anything why are you so defensive, its not about you !
It is general thoughts being expressed on a forum.
Re: $2m Home Tax - Whats next?
You mention massive school fees. Public schools do not charge fees, at least only voluntary ones. Only private schools charge massive school fees. Just wanted to clarify this given your next quote.
Rich people are entitled to use public schools as much as poor people. And they pay the same. It is their choice to send their children to an expensive private school. So they can avoid this cost.
Not sure about your medicare point. The general levy is 1.5% - we all pay this except very low income earners. There is an additional 1% if you do not have private insurance and earn over a certain amount $150k I think. This is the government's incentive or stick if you like to get private health insurance.
I agree that not planning for your retirement is stupid. But as I said, not everyone is super smart. Also for many people, planning means accepting that they will only get a pension, as they do not earn enough to save on their own. Though fortunately the SGC helps, although this came too late for many pensioners today.
And I am not being defensive, I am just challenging the opinion you have put forward.
You mention massive school fees. Public schools do not charge fees, at least only voluntary ones. Only private schools charge massive school fees. Just wanted to clarify this given your next quote.
MMMM see how people assume
Where did I mention in this post I was one of the rich. I simply find the have-nots are perjurious towards the ones that have.
I am one of those people that admire what people achieve in their life time whether it be simply to paint pictures or create empires.
But when you make your choice don't expect other to pay for it.
Stamp duty on expensive home, insurance tax, private school fees. These are all choices. These are not choices they are there wether we like it or not.
Where did I mention the word private schools mmmmmmmm.
Because these people have achieved a status financially they don't get benefits for public schools that everyone else is entitled to, yet they are expected to contribute more to sociality by way of taxes.
People who don't plan for their own retirement are stupid, its a fact.
I pay for private medical also, but some now I seem to be in the tax bracket where I pay more for Medicare.
I haven't accused you of anything why are you so defensive, its not about you !
It is general thoughts being expressed on a forum.
Rich people are entitled to use public schools as much as poor people. And they pay the same. It is their choice to send their children to an expensive private school. So they can avoid this cost.
Not sure about your medicare point. The general levy is 1.5% - we all pay this except very low income earners. There is an additional 1% if you do not have private insurance and earn over a certain amount $150k I think. This is the government's incentive or stick if you like to get private health insurance.
I agree that not planning for your retirement is stupid. But as I said, not everyone is super smart. Also for many people, planning means accepting that they will only get a pension, as they do not earn enough to save on their own. Though fortunately the SGC helps, although this came too late for many pensioners today.
And I am not being defensive, I am just challenging the opinion you have put forward.
More tax on the rich?
Being a young 18year old leaving school, I have the desire to be extremely wealthy one day, but after reading this it makes me think, why work hard and be well off, when u just get hit with these sort of things.
What incentive do I have to work hard?
Being a young 18year old leaving school, I have the desire to be extremely wealthy one day, but after reading this it makes me think, why work hard and be well off, when u just get hit with these sort of things.
What incentive do I have to work hard?
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Well you need to look into all kinds of tax-planning structures.
This is really quite alarmist.
I think the ALP or the Libs get contributions from big rich coffers! AH-HUM!
So I wouldn't really worry about it too much!
Just have a plan and grease a few palms and you will be just fine!
Let's see - I'll start a list, sure others can add.
- Because you enjoy your job.
- Because your job makes a valued contribution to society so the harder you work, the more of a contribution you make
- Because you want to motivate colleagues to work hard
- Because money is just money. It is not an end in itself. Life is about family, friends and relationships, not money.
Bit worrying if your main concern at age 18 is high tax rates. Whatever happened to youthful rebellion?
Have a beer. Enjoy yourself.
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Gooner .... go and get a job. Quickly.
It's twelve o'clock, and it's a wonderful day.
I know you hate me, but I'll ask anyway.
Won't you come with me, to a place in a little town.
The only way to get there's to go straight down.
There's no bathroom, and there is no sink.
The water out of the tap is very, hard to drink,
Very hard to drink.
You, wait 'til tomorrow
You, wait 'til tomorrow
You say that money, isn't everything,
But I'd like to see you live without it.
You think you can keep on going living like a king.
Oohh babe, but I strongly doubt it.
Very hard to drink.
You gonna wait 'til, fat boy,
Fat boy, wait until tomorrow
silverchair, "Tomorrow", Frogstomp
It's twelve o'clock, and it's a wonderful day.
I know you hate me, but I'll ask anyway.
Won't you come with me, to a place in a little town.
The only way to get there's to go straight down.
There's no bathroom, and there is no sink.
The water out of the tap is very, hard to drink,
Very hard to drink.
You, wait 'til tomorrow
You, wait 'til tomorrow
You say that money, isn't everything,
But I'd like to see you live without it.
You think you can keep on going living like a king.
Oohh babe, but I strongly doubt it.
Very hard to drink.
You gonna wait 'til, fat boy,
Fat boy, wait until tomorrow
silverchair, "Tomorrow", Frogstomp
LOL.
If your point is that it is easy to say that money is not important, but you should try living without it, then it is a very good point.
But my advice to an 18 year old is always to find a job you enjoy and challenge you. We spend too long at work to spend it doing something we hate. I remember working in a factory during school and uni holidays on a production line. Absolutely hated it. I spent my entire morning looking forward to the tea break, then to lunch, then to home time. And always to the weekend. It was soul destroying. But I was a poor student and I needed the money.
Fortunately (due to my previous hard work and saving lots of my hard earned), I am a very very very long way from the gutter.
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My motto is this:- "You don't have to like it, just take the money"
Apply this to everything you do and success is sure to follow.
Apply this to everything you do and success is sure to follow.
Hmmm
Methinks money is sure to follow.
And if money is your only measure of success, then success will follow
But to what end?
So success is a measure of putting up with crap to just to earn a buck?
I can think of a lot of other things I'd rather do to be successful Trainspotter than this - put this down to heat of the moment comment?
Cheers
