![]() |
|
Welcome to the Australian Ford Forums forum. You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated. |
|
The Bar For non Automotive Related Chat |
![]() |
|
Thread Tools | Display Modes |
![]() |
#1 | ||
Wirlankarra yanama
Join Date: May 2006
Location: God's Country
Posts: 2,103
|
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..." |
||
![]() |
![]() |
#2 | |||
FF.Com.Au Hardcore
Join Date: Feb 2010
Location: Sun City, North Australis
Posts: 4,274
|
While I dont agree with the carbon tax.... it always helps to show everything proposed:
Quote:
__________________
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.... |
|||
![]() |
![]() |
#3 | |||
FF.Com.Au Hardcore
Join Date: Feb 2010
Location: Sun City, North Australis
Posts: 4,274
|
So i dont know where you got your increase in tax rate for people earning under $80000????
Quote:
__________________
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.... |
|||
![]() |
![]() |
#4 | ||
Banned
Join Date: Oct 2009
Location: Ghetto, SA
Posts: 874
|
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.
|
||
![]() |
![]() |
#5 | ||
FF.Com.Au Hardcore
Join Date: Nov 2009
Location: Ipswich, Qld
Posts: 1,354
|
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...
__________________
----------------------------------------------------- 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 08:21 AM. |
||
![]() |
![]() |
#6 | |||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,508
|
Quote:
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. |
|||
![]() |
![]() |
#7 | |||
Wirlankarra yanama
Join Date: May 2006
Location: God's Country
Posts: 2,103
|
Quote:
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. |
|||
![]() |
![]() |
#8 | ||
Just slidin'
Join Date: Sep 2005
Location: Brisvegas
Posts: 7,791
|
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?
__________________
MD Mondeo - For the family
NP Pajero - For the adventure |
||
![]() |
![]() |
#9 | ||
Awesome
Join Date: Oct 2007
Location: In my own little world..Everyone here knows me :)
Posts: 9,401
|
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??
__________________
|
||
![]() |
![]() |
#10 | |||
Just slidin'
Join Date: Sep 2005
Location: Brisvegas
Posts: 7,791
|
Quote:
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.
__________________
MD Mondeo - For the family
NP Pajero - For the adventure |
|||
![]() |
![]() |
#11 | ||
FF.Com.Au Hardcore
Join Date: Jun 2010
Posts: 2,199
|
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
__________________
Now Ford-less ![]() But good things are coming in 6 months
|
||
![]() |
![]() |
#12 | ||
Banned
Join Date: Jan 2011
Posts: 776
|
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. |
||
![]() |
![]() |
#13 | ||
Bolt Nerd
![]() Join Date: Jan 2005
Location: Ojochal, Costa Rica (Pura Vida!)
Posts: 14,621
|
Does anyone have this list of the terrible 500???
__________________
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 ![]() |
||
![]() |
![]() |
#14 | |||
let it burn
Join Date: Feb 2006
Location: QUEENSLANDER!!!!!
Posts: 2,866
|
Quote:
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. |
|||
![]() |
![]() |
#15 | ||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
|
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.
|
||
![]() |
![]() |
#16 | ||
Black 2006 XR8
Join Date: Dec 2010
Location: SA
Posts: 177
|
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). |
||
![]() |
![]() |
#17 | |||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
|
Quote:
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.
__________________
2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE, |
|||
![]() |
![]() |
#18 | ||
.
Join Date: Mar 2006
Location: Brisbane
Posts: 6,197
|
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. |
||
![]() |
![]() |
#19 | |||
Za Dom spremni
Join Date: Dec 2005
Location: Adelaide
Posts: 1,759
|
Quote:
damn them and their tax!!! why cant they just legislate towards a "greener " future. Bunch of bloodsuckers
__________________
2017 red mustang GT manual XB coupe 351 4spd sunroof onyx black XBGT 4 door Sunroof apollo blue AU III XR8 red ute |
|||
![]() |
![]() |
#20 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
|
Quote:
All this does is give some Dole bludgers more incentive not to work.
__________________
"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 |
|||
![]() |
![]() |
#21 | ||
FF.Com.Au Hardcore
Join Date: Nov 2009
Location: Ipswich, Qld
Posts: 1,354
|
There is one thing I'd be very interested to know...how many people in those 3 million households that will be affected? they give the number of households but not the physical number of people...and is there any guarantee for the average Australian that these 500 companies aren't going to charge us extra for goods straight up...? A business can't carry those costs and not on-cost it to your goods, they'll end up broke...
__________________
----------------------------------------------------- 2012 Focus ST Tangerine Scream Continually having a battle of wits with unarmed opponents. Sez ![]() Photo's by Sez |
||
![]() |
![]() |
#22 | |||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,560
|
Quote:
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 01:32 PM. |
|||
![]() |
![]() |
#23 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,901
|
Haha well done..
You all know Bob Browns now running the country don't you? An expensive way for Julia to get power was taking his votes, hes got her wrapped around his little finger so tightly that woman does not know what to do next. The next 2.5 years are going to be very tough... |
||
![]() |
![]() |
#24 | ||
Za Dom spremni
Join Date: Dec 2005
Location: Adelaide
Posts: 1,759
|
one thing for sure is that their estimates are all based on a best case scenario. Reality will be completely different for the average family.
just look at the US and their predicted job growth from all the stimulus spending, it never materialized.
__________________
2017 red mustang GT manual XB coupe 351 4spd sunroof onyx black XBGT 4 door Sunroof apollo blue AU III XR8 red ute |
||
![]() |
![]() |
#25 | ||
GT
Join Date: Apr 2005
Location: SYDNEY
Posts: 9,205
|
look i'm so glad this thread exists . it explains a lot of unanswered quuestions i had about it . and also reminds me of a few added taxes i'd already forgotten about .
one thing i dont think ahs been mentioned yet that puts another downer on it , was that a trade off to the green as per the low $23 per tonne , is a new formed senate authority to them - which will give them the right to involve other areas of pollution , (LIKE TRAVEL TAX ON PRIVATE VEHICLES) ooooh yeah they will target that next . and we will all pay per km - a tax for distance . those of us /most of us who work in sydney , will get hit hard with already existing TOLLS,FUEL PRICES, CAR PRICES, LUXURY TAXES, SOON TO BE ECONOMY TAXES, REGISTRATIONS, INSURANCES, SOON TO BE CONGESTION TAXES, INCREASED LEASING TAXES, INCREASED LPG TAXES, will have to endure an added distance traveled TAX , and dont think petrol carbon taxes wont be introduced in the future either . what will this do to housing prices and car costs in the very near future , not to mention employment _ will it be worth teravelling into the city ? or will we be forced to work locally , or leave home . ?? this is very discretely kept under wraps , but it is there and exists , check the fine print .. or the sunday telegraph . it is there as a one liner under TRADE OFFS . |
||
![]() |
![]() |
#26 | ||
GT
Join Date: Apr 2005
Location: SYDNEY
Posts: 9,205
|
The one positive though which just cannot be over looked is . tony abbott said , while we reduce our carbon emmisions by 5% before 2020, china will increase its carbon production by 500% .
think of those places in china now that are black cities -not a good thing , how bad will it be 5 x worse . if you look forward everybody will want to clean up a dirty polluted world hopefully a lot less dirty over australian skies . this cant be ignored no matter which way you stand |
||
![]() |
![]() |
#27 | |||
Banned
Join Date: Feb 2008
Posts: 301
|
Quote:
|
|||
![]() |
![]() |
#28 | |||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,560
|
Quote:
I get your point that we are nothing in the grand scheme of things, so its puzzling why we are early on the uptake with this....she just wants to get in the record books for actually doing something; rightly or wrongly. That or if she didnt do this then the truth would come out... |
|||
![]() |
![]() |
#29 | |||
Force Fed Fords
Join Date: Aug 2005
Location: Enroute
Posts: 4,050
|
What I hate is the attitudes of the government and their betrayal of the public. This issue is here to stay and frankly, when there's a day of action planned against this madness we need to all stand up and attend. So far, these eco-fascists such as Getup have been better organised and the numbers are disproportionately swayed towards having a carbon dioxide tax as opposed to not having one. We need to get ready to march in the streets and remove these a holes from power ASAFP.
This country will not survive this kind of economic vandalism and frankly, once industry is gone it will never come back. That said, if I hear Bob Brown talk about his man-date one more time I'm gonna explode.
__________________
If brains were gasoline, you wouldn't have enough to power an ants go-cart a half a lap around a Cheerio - Ron Shirley Quote:
|
|||
![]() |
![]() |
#30 | ||
Bring back Ambrose!
Join Date: Dec 2004
Location: Eau Rouge
Posts: 1,248
|
This is why I think elections should be called every 2 years.
What really irks me is when Juliar stands up and says things like "the majority if Australians are in favor of a carbon tax." Errrrr have you checked any online polls? Last one I saw it was 82% voted no to another tax.. The problem is we are so lazy. If this was south America there would be huge protests, instead we just seem to go, oh well.. |
||
![]() |