$900 handout

[sinner]

What Rudd would spend $900 on

http://www.news.com.au/business/money/story/0,28323,25307319-5017313,00.html

 

[clowboy]

hey, can someone explain for me what label g consists of

Specifically would qrtlerly installments paid but no longer owed (ie last year made a profit but this year made a loss) be included in label g?

Thanks

 

[robots]

hello,

no

have you done your tax return?

i assume you talking Label g on tax assessment notice,

tax offsets and credits

thankyou
robots

 

[clowboy]

no, tax return has not been done, hence the question

and yes thats what im talking about.

is yr no, u cant explain or no it isnt included?

thanks

 

[robots]

hello,

no it is not included in label g

thankyou
robots

 

[matt1987]

has anyone received this yet?

some friends of mine received it today, but not me unfortunatelyt

c'mon krudd!

 

[Struzball]

has anyone received this yet?

I got it last Thursday, I put it straight in a savings account in protest to show how stupid and pointless it is.

 

[Uncertain Times]

The wifes and mine arrived today. Spent it before it arrived. Thats the problem with renovating there is always something that needs replacing.

Thanks Kevin09. Any chance of some more in June. Still plenty to do around this old place.

 

[Smurf1976]

I just think it's wrong for someone that earns 95k a year will recieve a payment but someone that earns 8-10k won't

Agreed.

I'm pretty close to that person earning 95K who's getting a $250 payment. And what am I doing with it? Bottom line is I run a substantial surplus anyway which is used to either increase long term investments or pay off debt. My surplus just got $250 bigger this week, that's all. It's sitting in my Etrade account as of today awaiting further use.

unfortunately people of my age group don't know much about politics or economics.

That's totally by choice.

I was 16 (literally) when I asked a few difficult questions of a Liberal candidate about taxation reform and I was 18 the first time I attended a proper political meeting with real members of parliament. Unusual maybe but certainly not impossible - and I was the key non-MP speaker at that meeting.

It comes down to personal interest what you do and don't know about.

 

[BradK]

Today the wife and I went out and spent $1729.30 - a brand new BBQ and a 9 piece outdoor dining set for the new deck... courtesy of Kevin Rudd.

And then I thought - 'Hey, I better check that we are eligible for this money.'

So, I rang the good people at the tax office and discovered that both my wife and I were not eligible for the payment!

Oh well, as the wife said, we probably would have spent about $700 less if we new it was our own money! Turned out it was - but, I'm a glass half full type of a fella.

Brad

 

[Trevor_S]

Thanks Kevin09. Any chance of some more in June. Still plenty to do around this old place.

A lot of the interest you are paying on it (from your taxes) is interestingly going overseas.

Got your bonus ? they want it back

As the federal budget sinks deeper and deeper into the red, the Rudd Government has begun raising about $1 billion a week this way through sales of treasury bonds to institutional investors. About 60 per cent are sold to offshore buyers

It's just a drop in the ocean compared with the total funding requirement over the next four years which is approaching $200 billion.

The same Government has just told them to "spend, spend, spend" to save the economy, and now it's urging them to "save, save, save" with infrastructure bonds. The whole thing smacks of a Hollowmen-style exercise, designed to drum up jingoistic sentiment while the nation's finances plunge even deeper into the red.

But only about 10 people a week think it makes sense to do that now. Think about that before rushing in to do your new patriotic duty.

"Investors" too busy buying property (ie. taking each others washing in) off each other I guess, to bother investing in Australia

 

[Julia]

Thanks Kevin09.

Today the wife and I went out and spent $1729.30 - a brand new BBQ and a 9 piece outdoor dining set for the new deck... courtesy of Kevin Rudd.

Oh boy, how this annoys me!!
The money isn't courtesy Kevin Rudd, it's courtesy your fellow tax payers.
As someone who has paid a heap of tax and gets no stimulus payment, would the rest of you who are happily spending up large just recognise that Rudd in his populist behaviour is racking up expensive debt that we will all have to pay back in the future.

At the same time, just wait for the cuts that will happen in the Budget to essential services.

So people go out and spend money that has to be borrowed for the purpose on stuff they don't necessarily need, while such measures as the pharmaceutical safety net which assists people with high medical costs, gets wiped or severely cut. Plus heaven knows what else.

Just so (a) the Rudd government continues to shine in the polls, and (b) the next quarter's figures don't look too bad. The latter is merely postponing the inevitable unless something very substantial changes.

 

[JTLP]

Oh boy, how this annoys me!!
The money isn't courtesy Kevin Rudd, it's courtesy your fellow tax payers.
As someone who has paid a heap of tax and gets no stimulus payment, would the rest of you who are happily spending up large just recognise that Rudd in his populist behaviour is racking up expensive debt that we will all have to pay back in the future.

At the same time, just wait for the cuts that will happen in the Budget to essential services.

So people go out and spend money that has to be borrowed for the purpose on stuff they don't necessarily need, while such measures as the pharmaceutical safety net which assists people with high medical costs, gets wiped or severely cut. Plus heaven knows what else.

Just so (a) the Rudd government continues to shine in the polls, and (b) the next quarter's figures don't look too bad. The latter is merely postponing the inevitable unless something very substantial changes.

God Bless you Julia.

I am young, am entitled to the bonus but feel it is the most reckless use of money one can imagine. It should be noted as a form of bribery because as you said...it's securing votes via populist methods (in this case...money handouts). Seriously, was this method thought up by a bunch of year 12's sitting in there Economics class or whatever?

I am just putting the money towards another trip overseas. Whilst this man is in power I can not tolerate Australia and its backwards thinking...adios my fellow countrymen.

The taxes that will inevitably come one day, as well as the lack of funding which will lead to cracks in other services...will all bite back on the bottoms of the people who have received this money...and boy will they be the first to whinge!

I also heard on radio today (Drive with Hinch) that they want to increase the amount of money going towards unemployment services/dole money basically. Absolute LOL...where is this money going to come from exactly?

Kennas you got a spare room? I'm a dab hand in the kitchen...

 

[matt1987]

i agree julia, it is poor economic management by krudd. this money could have been used for any of a number of other purposes, all being more beneificial for the australian economy in the longer term.

the thing that annoys me most about it is that there will be a lot of people out there that think this handout is the best thing since sliced-bread, and will be life-long krudd voters because of this bonus payment.

enough ranting, does anyone know how the distribution of the handout works. im still waiting for mine .........

 

[Smurf1976]

Ever wondered what "helicopter money" would look like in practice?

Well now you know...

 

[ShareGuy]

Just for my own interest who do people think would have won the election if only ASF members voted? I think it would confirm my belief that most people who take an interest in finance and politics can see that the Rudd government is all spin, hence the popular cash handouts.

A friend told me how he would spend the money:
Add $100 to the $900 whack it in super to get $1500 co-contribution and you've got a nicely geared investment for $100.

 

[Mr J]

I just think it's wrong for someone that earns 95k a year will recieve a payment but someone that earns 8-10k won't, I understand most people will say "what tax have you paid" but my answer to that is I am doing everything that is expected of an 18 yr old.

So? This is essentially a tax rebate. Someone who earns 95k a year and pays a hell of a lot more tax is certainly entitled to it more than you are. After all, it is their money that they're getting back. This isn't a "gift" or a "handout", it's simply the government giving us back some of our own money. The mob is easily entertained.

 

[numbercruncher]

Do your bit to end the madness - withdraw the 900 and burn it, turn it into dust

Atleast get some gold then ....

 

[BradK]

Julia

My point was that I am NOT getting the money. Thought I was but it ended up on the Mastercard. Priceless. Still, I'm doing my bit to keep the economy going.

xox

 

[beamstas]

Why would Krudd need $900 to buy books?

He is already a millionaire

If he's such a good bloke why doesn't he go out and spend his own money in the economy - not taxpayers!

This thing is a bloody disgrace

Doesn't everyone realise that they'll be paying back the $900 PLUS INTEREST over the next few years.

You don't think the Government would give out $900 no strings attatched do you? They need to refill the coffers somehow.

Disclosure: I don't get the $900

Brad