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How are you spending your stimulus?

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Not getting any as Not A Tax Resident for that period even though paid tax.

If I was getting it I would pay down one of my credit cards. Still playing look see what to do in the market and doing my research so not ready yet.
 
If i should be so fortunate as to get a payment to stimulate the economy, I will buy a carton off beer, a case of wine, some steaks, and spend the rest on the poker machines. Thats churning it back in.
 
Can those spending the stimulus on booze do so on alcopops that way at least most of it ends up back in the tax coffers.

That way Swan and Rudd can get all excited when the ABS figures reveal we were only -0.5 in the red again

Ahhh Rudd, so desperate to see how history perceives him...too bad it'll be as the PM who p!ssed up a very large surplus that resulted in heavy taxes for future generations...
 
Re: How are you spending your stimulus

BradK said:
Here's one that is going to get me shot: Morally we are obliged to spend the money in the real economy rather than pay down debt or invest on the stocks
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I'd argue that morally we were all obliged to save, invest in productive industry and fight the investment bankers long ago, thus avoiding this mess in the first place. We failed and created an "every man for himself" society in the process. Sad.

As for me, well I won't be getting $900 so I don't have a choice to make. But I'd invest it in something of long term value if I was getting it rather than blowing it on something that will be just a memory this time next year.
 
As I am a taxpayer, I will be getting the 900 bucks. It will go a small way toward recouping some of my taxes,
 
I'm going to head off to an old coin collector I know and purchase 90,000 1 cent coins.

Then I'm going to ride around on my bike and drop them in peoples letter boxes, so they can get some of their money back.
 
Conza88 said:
I'm going to head off to an old coin collector I know and purchase 90,000 1 cent coins.

Then I'm going to ride around on my bike and drop them in peoples letter boxes, so they can get some of their money back.
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Back from what or whom?Also 1c doesn`t go far anyway so it seems a pointless time wasting exercise.
 
Agree on both counts, Smurf.

Calliope said:
As I am a taxpayer, I will be getting the 900 bucks. It will go a small way toward recouping some of my taxes,
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I'm also a taxpayer, but via my SMSF so I don't get the $900.
Sure do get rewarded for taking responsibility for providing for one's own retirement instead of being a drag on the public purse.
 
Julia...you do receive a 50% discount in the superfund , compared with the average income earner on 30%....
oh and a poster was having a go at me..being entitled to the bonus...since I have properties..negatively geared....so you probably cant win either way...
I did not want the money...would rather they spend it on some fast rail (green travel) and other huge jobs needed around the country...and that would create jobs
I am so against this bonus, and the one at xmas
 
Gee there is a lot of the "What About Me" syndrome displayed by a number of people.

I may or may not get the $900. I don't know. However, if I don't I'll take the view that the reward for doing right when others didn't is that I'm living better than they are. So stop whining, peoples.
 
Actually, I dont see the whining Judd. Even those who get it dont think it is the best way to stimulate the economy. I'd rather they spent it on infrastructure for water for SA and Victoria. Maybe I will blow it on penalties for watering my now dead garden on restricted days.
 
good point prospector....lost a magnificent japanes maple, irreplaceable...over 30 years old,
....and about $5000 spent on the lawn and garden on the new place

oh and someone stole the ball of cactus....cost over $200....and the new japanese maple we were growing to replace the old one....
when family went on hols last year
actually believe it was the bloke looking after the garden who took it
 
Im not getting any

Im a student and i work full time

In my opinion kevin rudd is gay. He says its for low income earners but it isn't because you need to earn over 11 grand to get it

total idiot
 
beamstas said:
Im not getting any

Im a student and i work full time

In my opinion kevin rudd is gay. He says its for low income earners but it isn't because you need to earn over 11 grand to get it

total idiot
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Students get it if you are on youth allowance.

if you lodged a tax return last year you also get it as far as im aware
 
I would of had a great nice out at the casino, [honestly speaking]

although, unfortunately i was $500 short in earnings, and a few months off Youth Allowance
 
prawn_86 said:
Students get it if you are on youth allowance.

if you lodged a tax return last year you also get it as far as im aware
Click to expand...

If i was a student full time and lived off centrelink, i'd get it.
If i worked full time and didnt go to school, i'd get it.


Because i work im not a full time student, so i don't get it for that.
Because im a student i didn't earn enough money last year to get it.

It's not for LOW income earners. You need to have more tax payable than you have tax offsets, so the Low income earners tax offset rules most low income earners out.

No one thought this through at all.
 
prawn_86 said:
Students get it if you are on youth allowance.

if you lodged a tax return last year you also get it as far as im aware
Click to expand...



No you have to have paid at least 1 cent tax before you get the payment according to the website.

I miss out as im a full time student and didnt earn enough to pay tax.

If i did get it i would of probs spent it on someone elses girlfriend
 
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