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Mr Rudd's Flashin the cash!!

Sacko

Well-Known Member
FFC Mariner said:
BTW, we dont need to carpet bomb the poor, far too expensive.

Eliminate the baby bonus and they will be gone in 1 generation

(I'll go now)

You may not be too far from the truth there sun shine, there's very interesting section in Freakonomics [published by Pengiun] that suggests that the crime rate in the US dropped dramatically 17 years after abortion was made legal across all states...

  http://freakonomics.blogs.nytimes.com/
 

Sacko

Well-Known Member
FFC Mariner said:
Too hot Keensy, some of us are slaving away to pay the taxes that Rudd wants to be spunked on pokies.

Why I cant cut out the middle man, pay no tax and put it in the pokies myself I have no idea?

Why not scrap income tax and increase the GST to 45%? Seems to work in Bermuda....
 

kevrenor

Well-Known Member
ccm11 said:
i heard if u earnt under 11K you dont get anything?

You have to actually pay tax, so if your taxable income is too low and you don't have to - then you don't get the dosh.
 

Ranyen

Well-Known Member
Important Information on the Stimulus Payment

"This year, taxpayers will receive an Economic Stimulus Payment.  This is a
very exciting new program that I will explain using the Q and A format:

"Q. What is an Economic Stimulus Payment?

"A. It is money that the federal government will send to Taxpayers.

"Q. Where will the government get this money?

"A. >From taxpayers.

"Q. So the government is giving me back my own money?

"A. Only a smidgen.

"Q. What is the purpose of this payment?

"A. The plan is that you will use the money to purchase a high-definition
TV set, thus stimulating the economy.

"Q. But isn't that stimulating the economy of China?

"A.  Shut up."

Below is some helpful advice on how to best help the Economy by spending
your stimulus check wisely:

If you spend that money at K-Mart, all the money will go to China.

If you spend it on petrol it will go to the Arabs.

If you purchase a computer it will go to India.

If you purchase fruit and vegetables it will go to South East Asia or New
Zealand (unless you buy organic).

If you buy a car it will go to Japan.

If you purchase useless crap it will go to Taiwan.

And none of it will help the economy.

We need to keep that money here.  You can keep the money here by spending
it at garage sales, going to a football game, or spending it on
prostitutes, beer or tattoos, since those are the only businesses still
here.
 

Ranyen

Well-Known Member
Pro-rata'd threshold is only for under 18 year olds finishing full time study.

If you don't need to lodge a tax return - you can lodge a "Return not necessary to lodge" form, from the ATO website. As your income is below the threshold, I think you might be entitled to the $950. I will find more out on that.

The tax free threshold is $6,000 - but factoring the Low Income Earners Tax Offset, you can actually earn $11,000 without having to pay tax (or $11,300 less the maximum un-substantiated deductions of $300). HOWEVER, if you have had tax withheld from ANY payments made to you (salary, wages, interest), you need to lodge a tax return. If you have earned under $11,000 you will get all the tax withheld back as a refund. PLEASE NOTE THAT THIS IS FOR AUSTRALIAN RESIDENTS ONLY.

If you have any questions, PM me & I will try to answer them off the book. I can't give advice as I'm not your tax agent, but I'm here to help if needed.
 

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