FED:Gillard confirms one-off flood levy
CANBERRA, Jan 27 AAP - The federal government will impose a
one-off flood levy of 0.5 per cent for middle-income earners, Prime
Minister Julia Gillard says.
A levy of 0.5 per cent will be applied on taxable income between
$50,001 and $100,000 and a levy of one per cent will be applied on
taxable income above $100,000.
"Anyone earning under $50,000 will not pay the levy," Ms Gillard
told the National Press Club on Thursday.
"In other words it is not like the Medicare levy, which for most
taxpayers applies to all their income - it is like income tax rates
which apply only above certain income levels."
Same place you find the money for fuel, food, a roof over your head, electricity and the like - your hip pocket.Not happy Jan... where am I meant to find over $1000 ???
I disagree with being forced to pay. There was a flood. So f'ing what!
But Mr Costello said the levy was ill-conceived.
“I'd say there's plenty of revenue bases there for the government,'' he said.
“There's income tax, company tax, the GST, there's excises - plenty of revenue bases there already for the government to balance its budget and engage in infrastructure spending.''
A levy would be most likely to start on July 1 and last a year, expiring before the mining tax and potentially a carbon tax begin on July 1, 2012.
The levy would need the approval of the existing Senate, meaning the Greens, Nick Xenophon and Steve Fielding would have to support it.
The Greens have called for low-income earners to be exempt and want the mining tax to be ramped up to offer relief revenue.
Even better, why don't they just delay the building of the NBN and use the funds to do their flood rebuilding.
I disagree with being forced to pay. There was a flood. So f'ing what!
So if you make $100K, it's extra $250.
If you make $200K, it's $1250.
Shouldn't that read make $100K, its extra $500
If you make $200K, its $2000
Its only on amounts over the 50k, not the entire 50k as far as i understand
There was one guy interviewed during the flood (can't remember which channel it was on) that had been forced by local council to build the first floor (Queenslander) at a certain height. He didn't want to, but was forced to in order to get the building permit. During the flood it was only inches below the floorboards but nothing got wet. One council out of many doesn't fix the problem though.Are they going to ensure homes in flood prone areas are raised however many meters above sea level to ensure that they won't be flooded again? I highly doubt it.
:
Typical response from a fair proportion on ASFers.
I spent Australia day at Grantham. They worked all day there except for a half hour at midday when they held an Australia day MEMORIAL SERVICE. That's how a lot of good Australians spent anzac day.
In my long life I have seen many things that I would prefer to forget. the devastation there is way beyond anything I have ever seen.
The people there are the ones that normally sweat and toil to supply your supermarket with fruit and vegs. They dont earn much. They dont own much. Now they own less, in some cases nothing.
Thankfully they are not all like you.I took up a big load of donated goods. Donated by people that I know could not really afford to give.
Our group is sending up 9 caravans GIFTED to flood victims with no strings attached. We also offered a car to one person. His answer was " I'm OK, A mate has lent me one, give it to someone that needs it more than I do".
We have only had to pay for 3 of the vans. The rest are donated. The three paid for are from donations. One van that was donated was one we looked at to buy but when the owner was told where it was going she told us that when she was a child her family lost their home in a flood. She remembers standing in the street after dark and asking her dad where were they going to sleep that night. She said she hoped no other child would ever have that problem.
Thank God there are still some with compassion.
Julia,
Woolworths offer dollar for dollar you say. Good. Was their offer of a better dollar for dollar than mine. Is theirs a better dollar. My dollar bought many many dollars worth of goods. Most times I try to spend it I get offered the goods or services gratis.
Calliope,
Dont bother responding with your usual rubbishing post as I am logging off ASF and may or may not return. If I do it will only be to open stock threads.
Bring on a levy. At least it will make the mean heads help. Remember it is better that some get helped that did not need help than not help some that really need our help. It appears that some are more interested in saving a whale, a dog or a flying fox than helping some human being. That hip pocket nerve again!!!!!!!
Bye Bye
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