Second stimulus package discussion

[Nyden]

OK, what exactly does that mean? That you have to have paid at least $950 tax last year?

That's what I believe to be the case, it's only my interpretation of what I've read, but I may very well be wrong. It doesn't actually mention the figures, but it would just seem odd to give someone back $950 if they only paid $5 in tax. As, why would they even mention tax otherwise? Surely someone who only earns 15k would be classified as a low-income earner, see my point?

Actually, since it's targeted at low income earners, perhaps even paying $5 in tax would leave one to be eligible - I just can't see it happening though, as surely the numbers of recipients would be too high.

 

[Prospector]

That's what I believe to be the case, it's only my interpretation of what I've read, but I may very well be wrong. It doesn't actually mention the figures, but it would just seem odd to give someone back $950 if they only paid $5 in tax. As, why would they even mention tax otherwise? Surely someone who only earns 15k would be classified as a low-income earner, see my point?

Actually, since it's targeted at low income earners, perhaps even paying $5 in tax would leave one to be eligible - I just can't see it happening though, as surely the numbers of recipients would be too high.

Yes, I understand that logic. Which, as it is logical, is probably wrong! Can you imagine the bureacrats sweating over their desks trying to get it right?

 

[GumbyLearner]

Looks like Rudd & CO are handing out the cash to low-mid income earners who will have no choice but to spend it. Not a perfect plan, I wonder what Turnbull & Co would do give directly to their banker buddies....

 

[gfresh]

My thoughts are that cash payments to low-income earners it largely ends up paying excessive credit card debt and overdue bills (or the Rudd Thursday on pokies). From anecdotal evidence, that is what most I know in that group said they spent the money on.

Middle earners is an interesting one... Maybe some would just put it on the mortgage. I know with me it's well "now what do I do with that". I've already got my bills well covered and no debt, and have a weekly savings plan, so thinking I would spend it on something consumery. If others were thinking the same, could have a different effect on the economy to lower income earners... maybe

 

[cuttlefish]

Well I'm buying yen with any money they give me! That'll help the economy heaps won't it

 

[GumbyLearner]

KRudd & Co have a lot of catching up to do if they want to match George W Bush's handouts to the banks.

Scary stuff

 

[pacestick]

I would have thought that anyone who paid less than $950.00 tax would get the amount they paid back if they get more my son will be happy

 

[MrBurns]

Curly, Larry and Moe mapping out your future. Sigh............

 

[nunthewiser]

WTF! . WHY is my dollars paying for YOUR handouts ? WHY am i paying for roof insulation ( of all things christ!)

geeeeez seems everyone gunna get there packages stimulated real nicely on MY buck

ps im not gettin nothing hence my dissapointment

 

[prawn_86]

Yipee!!

http://www.pm.gov.au/media/Release/2009/media_release_0778.cfm

$1900 is coming my way

Students receiving youth allowance get $950, and individuals that paid tax from 07-08 (with anything left over) get an upfront refund on that of an additional $950.

Good to see students getting it this time

Sad for the students who still live at home and need a job to afford to study - and trust me there are a lot more of these than ones on Centrelink. Not all students can live near universities after all; there isn't enough accomodation for that.

In theory their parents should be recieving the payment then, as the child would still be classed as dependant. Depends on the parents income then though

So long as you paid tax in excess to cover the refund, I'd say so. I could be wrong though!

I cant quite figure the tax thing out either. I paid about 2k in taxes last FY but got a refund of $200 so where does that leave me?

Well I'm buying yen with any money they give me! That'll help the economy heaps won't it

Im spending half of my money overseas on a holiday we have already booked, so that should stimulate the Thai economy And the rest will be going straight into my bank or stocks. Im doing my bit for spending...

 

[MrBurns]

WTF! . WHY is my dollars paying for YOUR handouts ? WHY am i paying for roof insulation ( of all things christ!)

geeeeez seems everyone gunna get there packages stimulated real nicely on MY buck

ps im not gettin nothing hence my dissapointment

Dont worry when the tax increases are announced to pay for it all you'll be first on the list

 

[prawn_86]

Dont worry when the tax increases are announced to pay for it all you'll be first on the list

Why raise taxes when you can dig the country deeper into debt. Its what all the cool kids are doing.

We will see tax cuts before a tax rise here imo

 

[nunthewiser]

Dont worry when the tax increases are announced to pay for it all you'll be first on the list

ARRRRRRRRRRGGHHHHHH

bugga you lot im shifting things , declaring banktrupcy , goin on the dole and gunna join the nicely "stimulated " ppl out there

hell i might even go rent a joint and get that paid for too

 

[MrBurns]

ARRRRRRRRRRGGHHHHHH

bugga you lot im shifting things , declaring banktrupcy , goin on the dole and gunna join the nicely "stimulated " ppl out there

hell i might even go rent a joint and get that paid for too

Robots will be happy to help you out

 

[nunthewiser]

Its just not fair .. having to stimulate oneself just nowhere as much fun as someone else doing it for you

 

[MrBurns]

Well so far if you've got a shopping center to refinance or if you install insulation you're covered, the rest of us can pay for that and if we get upset and write on a wall we can have 3 months free rent and board.
Apart from that there's nothing else to look forward to for a while.

 

[MrBurns]

Its just not fair .. having to stimulate oneself just nowhere as much fun as someone else doing it for you

I'd prefer that than have Rudd do it

 

[GumbyLearner]

Robots will be happy to help you out

ROFL

Imagine if we had Robots myopic vision offered by the Aussie Property Bubble Party, Im sure the banks would lobby him with heaps of CASH

 

[MrBurns]

ROFL

Imagine if we had Robots myopic vision offered by the Aussie Property Bubble Party, Im sure the banks would lobby him with heaps of CASH

Robots for PM, all cool today thank you.

 

[GumbyLearner]

Its just not fair .. having to stimulate oneself just nowhere as much fun as someone else doing it for you

ROFL. Dont upset the owner/operators on the thread nun.