beeb
Dr. Beebenson, PhD HA, ST, Offset (hons)
Full frontal lobotomies all round then?The satire is strong.
The election thread - Two middle-late aged white men trying to be blokey and convincing..., same old shit, FFS.
- Thread starter johnny
- Start date
He is off to the US where he will fit right in with the happy clapping nazis.
gregb
Likes Dirt
Nah.
Mr Crudley
Glock in your sock
You would think the lure an ex PM's pension and all of the travel goodies tacked on top of it would be all you would need to see out the rest of your days in comfort. He may even get all mamil'ed and buy an eBike then head off to the Nasho.
Jabubu
let you google that for me
Nope.
oldcorollas
Levin the moment
pink poodle
気が狂っている男
To be fair that kid had it coming.
Oh he has debts...the sort money can't repay. Plus the size of his ego wouldn't suit retirement.
Oh he has debts...the sort money can't repay. Plus the size of his ego wouldn't suit retirement.
oldcorollas
Levin the moment
the cuts? or after the 45% income tax?
or.. after the 45% income tax they don't pay because of family trusts, shell companies, pheonixing etc etc
Scotty T
Walks the walk
Pretty much, you forgot negative gearing investmentsthe cuts? or after the 45% income tax?
or.. after the 45% income tax they don't pay because of family trusts, shell companies, pheonixing etc etc
Mr Crudley
Glock in your sock
Takes away a chunk of the incentive to try to do well for yourself too. Why bother....Pretty much, you forgot negative gearing investments
More annoyed that he lied about they election promise. Not like any politician lies, ever....right....
They just can't help themselves meanwhile the general public plebbage are always happy fight tooth and nail about who is best. They all suck arse and a shame none really give a damn once they are in.
Hopefully they all get replaced by AI.
Skynet with no T8000s FTW!
safreek
*******
While they divide us with race, sexual genders and religious differences the elite keep plundering.
And no one realizes it's going on.
Turn the burning torches against the pitchfork bearers and they have won
Mr Crudley
Glock in your sock
"Many were increasingly of the opinion that they’d all made a big mistake in coming down from the trees in the first place. And some said that even the trees had been a bad move, and that no one should ever have left the oceans.
Douglas Adams
oldcorollas
Levin the moment
so many tax minimisation schemes... (11ty million fancy utes in last few years?)Pretty much, you forgot negative gearing investments
what is the "effective tax rate of the rich"? Sure as hell isn't >30%
BUT.. you inspired me to (procrastinate and) nerd out a bit.... 'cos i hadn't really paid too much attention to all the hoohar...
(data and rates from here)
Note:
- the LTIO is still current.
- the Stage 1/2 LMITO stopped in '22-23 tax year
- Stage 3 starts next year ('24-25)
tables with numbers if you care..
X-axis is gross income for all graphs.... Last graph is the money shot..
oldcorollas
Levin the moment
this paper has indexed comparison between 17-18 and 24-25..
basially saying that if we'd indexed bracket creep over that time period... for people in a band from 70-120K makes basically zero difference
Ppl on 70K owe about $11,600 basic income tax (down $1600 over that time period)
on $45K, next year will owe $4767 tax, but in 17-18 would have paid $5847
none of this includes other tax offsets like family tax benefit A/B etc ( and education tax refund of ~$400-800 per kidlet)
basially saying that if we'd indexed bracket creep over that time period... for people in a band from 70-120K makes basically zero difference
Ppl on 70K owe about $11,600 basic income tax (down $1600 over that time period)
on $45K, next year will owe $4767 tax, but in 17-18 would have paid $5847
none of this includes other tax offsets like family tax benefit A/B etc ( and education tax refund of ~$400-800 per kidlet)
safreek
*******
The day the trees left the ocean it was all downhill from there
In the beginning the universe was created. This has mad e a lot of people very angry and been widely regarded as a bad move.
I'm sort of neutral on the tax cuts as someone who will benefit a bit but not much. But far more annoyed that almost none of the discussion has looked at actual tax rates and how they've moved effectively since last adjusted. Yes, people earning near the 180k limit will benefit but how much have each group been affected by rises over time.almost zero analysis looks at that, rich save a bit equals bad. Have they paid more over the last 7 years? Who knows.
It seems a very one dimensional discussion right now. No government will commit to tax brackets that move with Inflations, or even with average wage growth, lest they miss that chance to offer tax cuts and appear the good guy .now a flat rate from 32k to 200+ is frankly ridiculous but what is fair? 45% from? 90+? 38 from 120? That's where we should be looking but thats not been a point in any media discussion
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oldcorollas
Levin the moment
call me a cynic but...it seems no coincidence the the LNP put in the stage 1/2 LMITO, ending in June 22, when the election was May 22.
(would they have continued with them if they won election? or crept the brackets?)
The Stage 3 cuts were probably just part of the future pension plan for his mates/family, timed to either hurt Labor later if they lost election, or benefit their buddies regardless
is funny to hear LMP now framing this as a "broken promise" if labor alters them.. when it was LNP that comitted us to them.
They just don't want to provide media bites saying that they support the STG3 cuts for their mates...
as for what's fair... this is just tax on "taxable income"... not what ppl actually earn... this minor cut is surely peanuts compared to the value of normal tax avoidance??
(would they have continued with them if they won election? or crept the brackets?)
The Stage 3 cuts were probably just part of the future pension plan for his mates/family, timed to either hurt Labor later if they lost election, or benefit their buddies regardless
is funny to hear LMP now framing this as a "broken promise" if labor alters them.. when it was LNP that comitted us to them.
They just don't want to provide media bites saying that they support the STG3 cuts for their mates...
as for what's fair... this is just tax on "taxable income"... not what ppl actually earn... this minor cut is surely peanuts compared to the value of normal tax avoidance??
