wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
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Reading the political discussions on these fora is like listening to Alan Jones but without the ads.
Do you have a point?
Reading the political discussions on these fora is like listening to Alan Jones but without the ads.
Reading the political discussions on these fora is like listening to Alan Jones but without the ads.
It is outrageous that the labour govt is claiming the credit for the 3% superannuation when in fact that the employer's will be paying the 3% plus 4.9% payroll tax in Victoria!
A company business makes $1,000,000 profit before tax. The tax is currently 30% or $300,000.
The employees payroll totals $4,000,000 which will increase 3% for the superannuation change from 9% to 12% and will result in additional payroll costs of $120,000 plus payroll 4.9% tax of $5,880 for total $125,880 additional costs.
By reducing tax to 29% will result in a saving of $10,000 ($300,000 reduced to $290,000).
This business will be $115,880 worse off ($125,880-10000 less $10,000).
Gai Brodtmann struggles to explain Labor's plan to lift the super guarantee.QUESTION: With the company tax cuts that Labor wants to work with the Greens to try and get passed, Tony Abbott is saying that about 70 per cent of businesses won't benefit from those company tax cuts because they're not incorporated. What do you say to that?
BRODTMANN: Well, as someone who used to have a small business, this is going to benefit millions of Australian small businesses as well. It's not just the tax cuts to business; it's also the superannuation benefits to 8.4 million Australians. So there's significant knock-on effects and benefits from this tax and bring it on, I say.
QUESTION: That superannuation is paid for by the businesses; it's not paid for by the government.
BRODTMANN: Well, the superannuation will be, in terms of how it is paid for, discussed in enterprise agreements over coming years. It's going to be phased in over time and it will be subject to those enterprise agreements.
QUESTION: [inaudible] 15 per cent tax rate contributions [inaudible].
BRODTMANN: This tax is all about sharing Australia's wealth, right throughout the country. So it's not in the hands of a few, it's the hands of many and so what we've got is benefits to millions of Australians in terms of superannuation boosts and also tax cuts to small business.
QUESTION: But that superannuation isn't coming from the miners -- it's coming from those small businesses that you say need the help.
BRODTMANN: Those discussions will be held over time once it's phased in.
QUESTION: What does that mean, sorry?
http://www.contractworld.com.au/discussions/ken-phillips-treachery-behind-Labors-small-business-curtain.phpBut Gillard's Small Business Commissioner seems to have no powers, according to the information released. The Commissioner will simply be a flapping mouth, able to talk to government about small business, and give opinions but do nothing of substance. Labor's undertaking to small business people is lots of talk about pretending to do something but doing nothing.
...Mr Abbott can't say much because he himself is going to whack business for his ridiculous maternity leave scheme.
AgreeMr Abbott can't say much because he himself is going to whack business for his ridiculous maternity leave scheme.
he's laid out a vision for major economic reform. It's significant because the package of measures starts with the idea of small business as the key to the economy and 'works up'. This is a reversal of the usual thinking that starts with big business and 'pushes down'.
I mentioned with some interest about labors so called 'small business friendly measures' a few weeks ago. Turns out it was yet another labor farce.
This interview shows they either don't know their own policy, or are simply happy to lie about it.
http://www.theaustralian.com.au/national-affairs/treasury/labor-is-pro-small-business-we-are-friends-of-small-business/story-fn59nsif-1226307686552
Oh and the Small Business Commissioner
http://www.contractworld.com.au/discussions/ken-phillips-treachery-behind-Labors-small-business-curtain.php
The sentence in bold sums up the labor government in a nutshell.
Gai Brodtmann struggles to explain Labor's plan to lift the super guarantee.QUESTION: With the company tax cuts that Labor wants to work with the Greens to try and get passed, Tony Abbott is saying that about 70 per cent of businesses won't benefit from those company tax cuts because they're not incorporated. What do you say to that?
Mr Abbott can't say much because he himself is going to whack business for his ridiculous maternity leave scheme.
I don’t agree with Abbot’s maternity leave scheme because it’s too generous, but
it could be a smart move in the long term if you look at it as ‘social engineering’
Abbott won’t say it, but my best guess would be this… Abbott doesn’t want the
child birth rate of lower social-economic Australians outstripping those from higher
social-economic positions
If that happens then the there is a greater chance there will many more generations
on the government welfare i.e handouts, health, government-housing, Crime, Obesity…etc
This would be disastrous in the long run.
In a nutshell, birth rates from women/families that earn higher incomes need to
be encouraged.
And if this is the best way to achieve it then I’m all for it, as long as they find a way
of not hurting small business with more taxes and levies, which they can't.
Nothing like a class war eh Frank.
.
The longer the Labor government makes us wait for the next election the more the rout will be like the Queensland result.
The Labor Government should:
This is a sure fire recipe for success. (honest - would I lie to you?)
In Gillard's case "Success is going from one failure to another, with no loss of enthusiasm". W. C.
But her job satisfaction is based on implementing more taxes on the Australian voter,
because its the best thing for Australia.
So where does she think we live??
joea
The longer the Labor government makes us wait for the next election the more the rout will be like the Queensland result.
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