Is Shorten PM material?

[sptrawler]

I think there's a hidden message in some of these posts.

Never stand between a conservative and their cash handouts

And other socialist messages of, don't worry it'll never happen, trust us.

 

[moXJO]

I think there's a hidden message in some of these posts.

Never stand between a conservative and their cash handouts

Entitled tax refund, on money they worked for, payed tax on, then invested.
Pension is cash hand out.
Why on earth would you ask to pay more tax, when they waste what they already get.

 

[PZ99]

Entitled tax refund, on money they worked for, payed tax on, then invested.
Pension is cash hand out.
Why on earth would you ask to pay more tax, when they waste what they already get.

As yes.... that good ole sense of entitlement.

Every post tax dollar I invest with is capital gains taxed when I sell.

Because I pay tax I don't get a cash handout. Kinda ironic innit?

 

[moXJO]

As yes.... that good ole sense of entitlement.

Every post tax dollar I invest with is capital gains taxed when I sell.

Because I pay tax I don't get a cash handout. Kinda ironic innit?

How is it entitlement?
You are open to use the dividend strategy.
Why is it better in the governments hand?

Capital gains is taxed at 50% after a year?
How do you not get your "cash hand out"?

 

[PZ99]

How is it entitlement?
You are open to use the dividend strategy.
Why is it better in the governments hand?

Because it's better spent on hospitals, roads, education, security.

Not for use and abuse of an unsustainable tax loophole.

 

[moXJO]

Because it's better spent on hospitals, roads, education, security.

Not for use and abuse of an unsustainable tax loophole.

Wow, thats what your going with.
Maybe we need a box to tick on tax returns so you beatniks can donate another 10% of wages to the taxman.

It's hardly a tax loophole.

 

[PZ99]

Wow, thats what your going with.
Maybe we need a box to tick on tax returns so you beatniks can donate another 10% of wages to the taxman.

It's hardly a tax loophole.

Be assured I pay more than enough tax without the need to continue being slugged by the gimme gimme conservative welfare fraternity

I've never had help from the Govt. No first home buyers' grant, no free stamp duty, no $900 cash handout (because my income from two jobs disqualified me), no baby bonus, no FTB, PPL

I pay nearly half of my income in tax and guess what happens when I ask for some of it back to pay for the running of the country for future generations? I get confronted by all the sooks that are getting hard done by

Australia has become a welfare state because of populist schemes such as this and neg gearing etc.

We can't afford it. Enuff is enuff. Feel free to spell out your alternative plan to pay off half a trillion dollars of Govt debt

 

[sptrawler]

As yes.... that good ole sense of entitlement.

Every post tax dollar I invest with is capital gains taxed when I sell.

Because I pay tax I don't get a cash handout. Kinda ironic innit?

No, you don't get a cash handout on on capital gain, but you do on negative gearing?

But you will probably accept a cut in personal tax rates, that Labor will offer you, that will be funded from pensioners that have shares. Kinda ironic innit?

Just another sense of entitelement

 

[SirRumpole]

Australia has become a welfare state because of populist schemes such as this and neg gearing etc.

We can't afford it. Enuff is enuff. Feel free to spell out your alternative plan to pay off half a trillion dollars of Govt debt

Exactly right. Talk about entitlement, people getting $100,000 a year in super and paying no tax, companies earning billions and paying no tax, it's absurd.

Labor may not be politically smart in announcing some middle class welfare rollbacks, but it has to be done.

Too many tax dollars are disappearing to people who don't need it.

The 15% tax on super contributions should be in the frame too, it massively benefits high income earners who have spare cash to splash around.

 

[PZ99]

No, you don't get a cash handout on on capital gain, but you do on negative gearing?

But you will probably accept a cut in personal tax rates, that Labor will offer you, that will be funded from pensioners that have shares. Kinda ironic innit?

Just another sense of entitelement

Not for me. And I don't do neg gearing. Like I said, I get nothing from the Govt.

A cut in personal tax rates for workers on three incomes? On what planet does this happen?

 

[sptrawler]

Exactly right. Talk about entitlement, people getting $100,000 a year in super and paying no tax, companies earning billions and paying no tax, it's absurd.

I reckon, what is absurd, is system that rewards those who spend everything, or don't work and continually attack and denigrate those who do work and save.

 

[moXJO]

We can't afford it. Enuff is enuff. Feel free to spell out your alternative plan to pay off half a trillion dollars of Govt debt

I probably paid more tax last year then you did in a decade. This year will be worse. I've got no problem paying whats owed. I do have a problem with taxing your way out as the first option.

As for paying it off. You grow the pie.

You seen Turnbull on TV lately, surrounded by all those Asians?
He ain't ordering take out (you racist). He's negotiating better trade, with a whole heap of soon to be middle-class earners.
He has also been working Trump, with the help of Trumps buddy Greg Norman.
They have been focused on trade. And its Tbulls area of expertise.

The libs have been doing a lot of the boring shite no one cares about. It will eventually get us in a good position.
If Abbott got his way with his slash and burn then we would have been there quicker.

Have they wasted money... yes. But they have been pushing in the right direction of late, after labors inward looking fkup.
Imo they need to push a lot harder then what they currently are.

Complete tax reform is whats needed. But that should have happened on Howards last term or Rudds first term. Now it will have to happen if they let it get too bad. Cause no one seems brave enough except Dutton.

 

[sptrawler]

Not for me. And I don't do neg gearing. Like I said, I get nothing from the Govt.

Well if you don't do negative gearing, or any form of tax subsidised investment, why are you talking about your capital gains?

A cut in personal tax rates for workers on three incomes? On what planet does this happen?

It has happened on planet Australia, tax rates over my working career have dropped, several times and the politicians are talking about dropping them further, not increasing them.
So I was making mention that, the current suggestion of removing a tax advantage from one sector, is just about moving it to another.

 

[moXJO]

Not for me. And I don't do neg gearing. Like I said, I get nothing from the Govt.

A cut in personal tax rates for workers on three incomes? On what planet does this happen?

Capital gains 50% discount?

 

[SirRumpole]

and denigrate those who do work and save

Like me.

 

[Wysiwyg]

But you will probably accept a cut in personal tax rates, that Labor will offer you, that will be funded from pensioners that have shares. Kinda ironic innit?

That's right. I don't believe anyone starts bouncing off the walls when they here the government say tax cut. It must be the longest running joke in the halls of parliament, especially hilarious with a large budget deficit.

 

[PZ99]

Well if you don't do negative gearing, or any form of tax subsidised investment, why are you talking about your capital gains?

Because I pay capital gains tax.


It h

as happened on planet Australia, tax rates over my working career have dropped, several times and the politicians are talking about dropping them further, not increasing them.
So I was making mention that, the current suggestion of removing a tax advantage from one sector, is just about moving it to another.

The purpose of lower tax rates is to stimulate the economy, so there's an end benefit.
By comparison refunding credits for 200,000 people does nothing, really.
So it's not just moving funds around sectors, it's the efficient use of revenue.

 

[Wysiwyg]

It has happened on planet Australia, tax rates over my working career have dropped, several times and the politicians are talking about dropping them further, not increasing them.

Did you take into consideration the GSTax introduced in 1999 which silently removes large amounts of money from ones pocket.

Quarterly Goods and Services tax revenues ($millions) since 2000.

 

[sptrawler]

Because I pay capital gains tax.

Well then you are getting a tax break.

The purpose of lower tax rates is to stimulate the economy, so there's an end benefit.
By comparison refunding credits for 200,000 people does nothing, really.
So it's not just moving funds around sectors, it's the efficient use of revenue.

The 200,000 people who are getting a tax break, were probably stimulating the economy for the last half a century.
You will find they were the ones who worked hard,did without, saved and invested.
While the other 90% either didn't work, or worked and spent everything and are now on a fully funded pension.
The problem with Australia, is we constantly reward pi$$ poor behaviour and punish good behaviour, I guess that's the down side of political correctness gone mad.

 

[sptrawler]

Did you take into consideration the GSTax introduced in 1999 which silently removes large amounts of money from ones pocket.

At least everyone pays it, which IMO is a fairer balance, than upping welfare payments while stripping incentive to save and endeavour.