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11-07-2011, 02:43 AM | #1 | ||
Wirlankarra yanama
Join Date: May 2006
Location: God's Country
Posts: 2,103
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Lost in the fanfare from Carbon Sunday is that effective tax rates will be increased (now there is a surprise - Not).
Yes the tax free threshold has increased from $6,000 to $18,000 BUT From 18,001 to 37,000 the marginal rate has increased from 15% to 19% From 37,001 to 80,000 the marginal rate has increased from 30% to 32.5% Bottom line about a $35 increase in tax (assuming you earn over $80,000 pa) I thought I heard someone said "only the top 500 big polluters that were going to pay..." |
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11-07-2011, 05:53 AM | #2 | |||
FF.Com.Au Hardcore
Join Date: Feb 2010
Location: Sun City, North Australis
Posts: 4,274
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While I dont agree with the carbon tax.... it always helps to show everything proposed:
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You've seen it, you've heard it and your still asking questions?? Don't write off the Goose until you see the box going into the hole.... |
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11-07-2011, 05:57 AM | #3 | |||
FF.Com.Au Hardcore
Join Date: Feb 2010
Location: Sun City, North Australis
Posts: 4,274
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So i dont know where you got your increase in tax rate for people earning under $80000????
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You've seen it, you've heard it and your still asking questions?? Don't write off the Goose until you see the box going into the hole.... |
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11-07-2011, 08:14 AM | #4 | |||
Wirlankarra yanama
Join Date: May 2006
Location: God's Country
Posts: 2,103
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Reread my original point, I didn't state under $80,000, I said assuming you earn over $80,000. The new tax rates aren't mentioned in the media releases, except in the finer details of this tax. Typical of this "tricky" government and the spin from the main stream media, they only concentrate on selective points. If I could suggest you stop using the SMH - Soviet Morning Herald for your information, they're master spin merchants. This tax is a magic tax, the amount of tax being taken from the "biggest 500 polluters" doesn't match the amount of welfare being distributed. It only works (and that is a word I have difficulty using) because of hidden increases like the marginal rates. No doubt there are other gems in this magic tax awaiting discovery. |
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11-07-2011, 06:52 AM | #5 | ||
Banned
Join Date: Oct 2009
Location: Ghetto, SA
Posts: 874
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Thats typical. Goverment has all freedom to put their hand into my 40 hours worth of slavery. But when i'm out of work i can't bleed a cent out of them.
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11-07-2011, 06:56 AM | #6 | ||
FF.Com.Au Hardcore
Join Date: Nov 2009
Location: Ipswich, Qld
Posts: 1,354
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one point from that last article, heavy transport will be taxed from 2014. That's a sure bet food, postage, etc. will increase, not only to transport, but to buy...
I'm still not quite sure why they bothered, they're taking and giving in the same breath...although a 12k increase in the tax free threshold is interesting...it really doesn't help the average worker, whilst it will pretty much work out that those on benefits get a virtually tax free income... The other point is, someone earning anything over 50k is actually worse off if the modeling is anything to go by...
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----------------------------------------------------- 2012 Focus ST Tangerine Scream Continually having a battle of wits with unarmed opponents. Sez Photo's by Sez Last edited by SEZ213; 11-07-2011 at 07:21 AM. |
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11-07-2011, 07:22 AM | #7 | |||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,656
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whilst there may be no direct increase in things like food and fuel etc, there will always be an indirect impact from businesses and such that are affected and need to pass these costs on. govt's really need to stop treating people like fools. |
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11-07-2011, 08:26 AM | #8 | ||
Just slidin'
Join Date: Sep 2005
Location: Brisvegas
Posts: 7,791
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Its very contradictory :
1. tax free threshold tripled to $18,200 a year from July 1, 2012 2. but middle tax rate ($37,000-$80,000) will rise from 30-32.5 per cent… to stop over $150,000 earners getting a benefit 3. no Australians will pay more tax 4. 9 out of 10 households will receive assistance… and 2 out 3 of those households will receive enough to cover the extra costs. 5. 500 companies and 3 million households will be worse off. Just some points, as Im struggling to understand it all, but point 4, says 9 out of 10 receive compensation. But only 2 out of those 3 will receive enough to cover the added burden of the carbon rax. So only 6 of those 9 will actually be better off. So in a nutshell, 6 out of 10 households will be better off, not 9 like we are being told. 4 out of 10 will be paying more, as taxes ARE increasing for the middle income bracket, but it says we wont pay any more tax, as it will be offset by the tax free threshold. We were also told that the high income earners will receive no compensation. Yet the facts say that they will receive : TAX CUTS – PER YEAR Family (2 kids) Less than 15K - $0 35K - $543 60K - $528 70K - $1029 90K - $746 120K - $306 150K - $306 180 – $306 200 - $306 Also we are told in one part that: 2 million households will make a loss because they won’t be fully compensated. But then we are told: 500 companies and 3 million households will be worse off. Is it just me, or does none of this actually add up?
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MD Mondeo - For the family
NP Pajero - For the adventure |
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11-07-2011, 08:39 AM | #9 | ||
Awesome
Join Date: Oct 2007
Location: In my own little world..Everyone here knows me :)
Posts: 9,401
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Ah taxes...the bain of my life at one point in time and to an extent still are!
There are two things in life that are inevitable, death and taxes....Happens to everyone. There was a tax increase as of 1st July 2011 for the flood levy and yet you hear nothing about that. People who have already received their pay for this finanical year and are earning over 50k will know what I am talking about. So the flood levy is bought in for 2011/2012 financial year and basically when it ends, will be replaced by the Carbon tax. We will still be paying taxes... It is all taken in one hand and given out in the other...and not always a fair balance of the scales either..Is anyone really surprised??
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11-07-2011, 09:06 AM | #10 | |||
Just slidin'
Join Date: Sep 2005
Location: Brisvegas
Posts: 7,791
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Not surprised, and think its fair that we pay tax. But I just wish we werent given the run around, with magical spin. I just want these things answered, without the spin and the bullcrap, and lies, which we have been told figures, that are nowhere near what any reasonable person can believe. How much will we be paying extra per year? I dont beleive for a second that its only $9.90 a week. How much will this cool the earth by? IIRC, last night we were told if everything works perfectly, 4 one thousandth of a degree. Will the increase in CPI (0.7%) and the extra tax we wont be paying (?) impact on our interest rates for houses? More money in, more money out, CPI going up, interest rates go up. So the carbon tax could possibly push interest rates higher. Again. So will this be compensated as well? And lastly, whats the use of having a tax, where everyone is mostly compensated, that is not certain to do anything, and that will cost jobs (thats a fact)? It doesnt make sense to me. Its not that I dont welcome the new tax, but I really would like to understand what Im paying for.
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MD Mondeo - For the family
NP Pajero - For the adventure |
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11-07-2011, 09:07 AM | #11 | ||
FF.Com.Au Hardcore
Join Date: Jun 2010
Posts: 2,199
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the things im curious about. When people are on the dole do they pay tax on it? Reason i ask is i used to work at a maccas across from govo flats and a majority (i understand some people are legitimately on the dole) got their money and snorted it injected it smoked it and drank the money away is this putting more money in the hands of these people? If so Thats wrong
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Now Ford-less But good things are coming in 6 months
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11-07-2011, 10:07 AM | #12 | ||
Banned
Join Date: Jan 2011
Posts: 776
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According to my simple arithmetic calculation of the tax rates, the bottom line is, the tax payabe on the the old rates or the new rates are equal at $80000, differences of course for your own situation, family allowances, medicare etc. (please correct me if I have that wrong)
People earning less than 80000 will not be paying as much tax as previously But after that the tax rate remains the same(0.37), people over $80000 will be paying exactly the same tax as before, and 0.45 for $180000+. Of course some are talking about tax payable and tax rates, the too are related but not the same. The tax rate is higher now for any income you are going to earn above $18200 up to $80000, so any extra time or overtime will be worth 4% or 2.5% less to you depending which bracket you are in. Estimates/modelling how much better off each person will depend on what you end up spending your income on. So far its unclear whether present modelling assumes many will use the same amount of carbon as present or not. |
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11-07-2011, 10:23 AM | #13 | |||
let it burn
Join Date: Feb 2006
Location: QUEENSLANDER!!!!!
Posts: 2,866
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Dole is based on cost of living numbers so it makes no sense to pay them an amount that would include an allowance for tax, and then take it back. The money comes from the same place. Easier and cheaper for Gov to simply pay the amount the cost of living indicates it should be. |
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11-07-2011, 10:08 AM | #14 | ||
Bolt Nerd
Join Date: Jan 2005
Location: Ojochal, Costa Rica (Pura Vida!)
Posts: 14,820
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Does anyone have this list of the terrible 500???
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Current vehicles.. Yamaha Rhino UTV, SWB 4L TJ Jeep, and boring Lhd RAV4 Bionic BF F6... UPDATE: Replaced by Shiro White 370z 7A Roadster. SOLD Workhack: FG Silhouette XR50 Turbo ute (11.63@127.44mph) SOLD 2 wheels.. 2015 103ci HD Wideglide.. SOLD SOLD THE LOT, Voted with our feet and relocated to COSTA RICA for some Pura Vida! (Ex Blood Orange #023 FPV Pursuit owner : ) |
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11-07-2011, 10:28 AM | #15 | ||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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I'm almost lost for words over this tax. Do lower paid people generate less co2? Labour has lost the plot when it comes to the working people of Australia. Just another incentive to work less and put out your hand.
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11-07-2011, 11:38 AM | #16 | |||
Za Dom spremni
Join Date: Dec 2005
Location: Adelaide
Posts: 1,759
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damn them and their tax!!! why cant they just legislate towards a "greener " future. Bunch of bloodsuckers
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2017 red mustang GT manual XB coupe 351 4spd sunroof onyx black XBGT 4 door Sunroof apollo blue AU III XR8 red ute |
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11-07-2011, 12:26 PM | #17 | |||
The 'Stihl' Man
Join Date: Jan 2005
Location: TAS
Posts: 27,584
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Look at euro regs, has much as I despise it manufacturers have worked towards lowering emissions without taxes.. All industry needs is realistic targets to meet by certain dates. The greenies seem to think you can undo years of industrialization overnight Last edited by Polyal; 11-07-2011 at 12:32 PM. |
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16-07-2011, 12:00 AM | #18 | |||
Regular Member
Join Date: Apr 2010
Posts: 487
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A mate who is high up in the TWU in WA showed me a memo from Greg Combet telling the union not to make a big deal out of the new tax or strike over it as it would show a lack of support for the Caucus (Union Run) and the Labor Party. He even admitted, had it been brought in by the Liberals, the TWU and CFMEU would already be running rolling strikes! Makes me glad I no longer belong to the unions, even the French Unions didn't put up the white flag so easily when they tried the same trick in France. Truckies were on strike within two days and the tax was dumped as socially irresponsible. But then again, we are Australians and are more apathetic. |
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16-07-2011, 12:05 AM | #19 | |||
GT
Join Date: Apr 2005
Location: SYDNEY
Posts: 9,205
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they dont like either party , but they veiw one as a lesser evil to ordinary folk . |
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11-07-2011, 10:53 AM | #20 | ||
Black 2006 XR8
Join Date: Dec 2010
Location: SA
Posts: 177
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Where is the incentive to work? My wife and I work long hours and combined earn over $150K which apparently puts us in the high income bracket. Last time I popped my monocle out and checked all the bills for 2 kids at school, electricity, gas, food etc etc I was surprised to find that I couldnt afford a new yacht, surley if I am earning such a high income I should be able to afford some luxuries. We also dont get any of the family tax benefits, education rebates etc etc yet we apparently earn so much that we pay EVERY levy that comes in (flood, carbon tax etc) and get taxed more so that a lot of people (not everyone) who dont want to work gets some extra cash.
Note to self ....... take a breath. I really cant see how this is going to move our country ahead ........ rant over (for now). |
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11-07-2011, 11:18 AM | #21 | |||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Yeah I can understand how you feel. What about divorced fathers living on their own who are deemed to be in the single income high earners class in Gillards categorisation because they earn over $180k despite having to start over as well as paying a fair percentage of their income to an ex wife who doesn't work and who looks set to receive big increases to her family allowance. Then there are the flood levies, and the "soon to be passed in the senate" abolition of the 30% private health insurance rebate. When will the government get it that just because you earn a high salary doesn't mean you're wealthy.
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11-07-2011, 11:26 AM | #22 | ||
.
Join Date: Mar 2006
Location: Brisbane
Posts: 6,197
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Can you believe we didn't even vote for the idiots? The level of frustration in people must be nearing boiling point, it sure is in my house and among my friends, colleagues and clients.
We could be waiting 2.5 years before we can get rid of the fools. |
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11-07-2011, 12:13 PM | #23 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,374
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All this does is give some Dole bludgers more incentive not to work.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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11-07-2011, 01:24 PM | #24 | |||
Banned
Join Date: Feb 2008
Posts: 301
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11-07-2011, 01:40 PM | #25 | |||
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Join Date: Mar 2006
Location: Brisbane
Posts: 6,197
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They were overwhelmingly defeated. |
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11-07-2011, 01:48 PM | #26 | |||
Banned
Join Date: Feb 2008
Posts: 301
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11-07-2011, 04:16 PM | #27 | |||
Banned
Join Date: Oct 2009
Location: Ghetto, SA
Posts: 874
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12-07-2011, 05:29 PM | #28 | |||
Walking with God
Join Date: Mar 2005
Location: Melbourne
Posts: 7,321
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But then there are the zealots who live in fairy world who think that this tax will do wonders for the environment, and that the people of the world will unite behind us and join us in the taxation madness. Then they can all hold hands and dance around the fire, (fueled by natural gas of course) chanting praise to the green gods, knowing that their brave and selfless acts have lowered the deadly CO2 levels that threaten to kill us all. And add to these folk, the One Million brave Australian women, who are uniting to take the lead. Bless their hearts, uniting to save the planet, that us men are too powerless to save and too greedy to care about. It sickens me to the pit of my gut at the manipulation of such ads, very clever though they are. Who would dare speak out against an initiative by women, particularly those trying to save the planet? The MSM is embarking on a hoodwinking of epic proportions. You and I, we see this tax for what it really is, a redistribution of wealth and homage to the Greens, that will do diddly squat to lower any temperature. In fact it's at least raised the temperature in our homes! LOL! GK
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2009 Mondeo Zetec TDCi - Moondust Silver 2015 Kia Sorento Platinum - Snow White Pearl 2001 Ducati Monster 900Sie - Red Now gone! 1999 AU1 Futura Wagon - Sparkling Burgundy On LPG Want a Full Life? John 10:10 |
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12-07-2011, 05:38 PM | #29 | |||
FF.Com.Au Hardcore
Join Date: Nov 2009
Location: Ipswich, Qld
Posts: 1,354
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__________________
----------------------------------------------------- 2012 Focus ST Tangerine Scream Continually having a battle of wits with unarmed opponents. Sez Photo's by Sez |
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12-07-2011, 06:55 PM | #30 | ||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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Greens are inner city elites hell bent on crushing the lower classes. Labour has sold its soul to these clowns.
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