Prepared as Treasury attempts to come to grips with a suite of Coalition policies yet to be announced, the analysis includes only those to which it has publicly committed. Excluded are policies with a negative but uncertain impact on business, such as winding back the recent increase in the employee tax-free threshold from $6000 to $18,200.     :-?

Are you going to keep the good Australian people in the dark, on this as well Mr Abbott?.  Why not spell it out for us?.  Will the Coalition wind back the tax free - threshold?.     :(

Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back.

so what might be go for the average person is bad for the low income earner.

warrigal wrote on Nov 5^th, 2012 at 7:19am:

Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner.

Low income earners now pay less tax?

The only money they or anyone gets back is when they pay extra.

If low income earners were to keep paying the same tax they would get back thousands more.

warrigal wrote on Nov 5^th, 2012 at 7:19am:

Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner.

What a dumb statement ,people don't have to  pay tax until they earn 350 bucks a week AND as proven on here a couple of weeks  still keep the low income rebate as well as not having to put in tax returns, FMD the rightards are dumb.
As for the thread title, YES phony tony has said he will repeal the price on carbon that in turn means he will take away all that extra money that low Income earners now get as well as asking for the money back that Labor gave families, probably via higher taxes, what else can he do? He claims to be responsible, he can't let everyone keep it if he removes the price on carbon.

warrigal wrote on Nov 5^th, 2012 at 7:19am:

Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner.

you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ...

John Smith wrote on Nov 5^th, 2012 at 7:46am:

warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ...

I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it.

warrigal wrote on Nov 5^th, 2012 at 8:24am:

John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it.

you can only get back what you have overpaid .... it's a refund, not a gift from the government ... its money you have been overcharged ... a bit like if you pay $500 towards your electricity bill and it comes in at $300, the electricity provider should refund $200 ....

if you used to earn $15 000, you would have had to pay tax .... now you don't ....

John Smith wrote on Nov 5^th, 2012 at 8:27am:

warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. you can only get back what you have overpaid .... it's a refund, not a gift from the government ... its money you have been overcharged ... a bit like if you pay $500 towards your electricity bill and it comes in at $300, the electricity provider should refund $200 .... if you used to earn $15 000, you would have had to pay tax .... now you don't ....

If you used to earn $15,000 you didnt pay a cent of tax as a matter of fact!

warrigal wrote on Nov 5^th, 2012 at 8:24am:

John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it.

by the way, what you pay is not returned if you claim it ...

claims are taken of your total taxable income , and not tax payable... what is returned is the difference in tax between your original taxable income, and the new figure of taxable income after allowing for claims .

eg, taxable income $100 000, tax payable $30 000  ....if you claim $10 000 in deductions then taxable income is reduced to $$90 000 meaning your tax payable is now $28 000 ... if you had paid the $30 000 in tax over the year you would now get a refuind of $2000 .

(by the way, the figures I have used are purely as an example, I have not used real tax rates)

Verge wrote on Nov 5^th, 2012 at 8:29am:

John Smith wrote on Nov 5th, 2012 at 8:27am: warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. you can only get back what you have overpaid .... it's a refund, not a gift from the government ... its money you have been overcharged ... a bit like if you pay $500 towards your electricity bill and it comes in at $300, the electricity provider should refund $200 .... if you used to earn $15 000, you would have had to pay tax .... now you don't .... If you used to earn $15,000 you didnt pay a cent of tax as a matter of fact!

thats because of rebates ....

John Smith wrote on Nov 5^th, 2012 at 8:35am:

Verge wrote on Nov 5th, 2012 at 8:29am: John Smith wrote on Nov 5th, 2012 at 8:27am: warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. you can only get back what you have overpaid .... it's a refund, not a gift from the government ... its money you have been overcharged ... a bit like if you pay $500 towards your electricity bill and it comes in at $300, the electricity provider should refund $200 .... if you used to earn $15 000, you would have had to pay tax .... now you don't .... If you used to earn $15,000 you didnt pay a cent of tax as a matter of fact! thats because of rebates ....

Offsets actually, which is just code for "If you are an australian citizen you get it".

Still doesnt change the fact you didnt pay tax until you made about $17,000.

Verge wrote on Nov 5^th, 2012 at 8:29am:

John Smith wrote on Nov 5th, 2012 at 8:27am: warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. you can only get back what you have overpaid .... it's a refund, not a gift from the government ... its money you have been overcharged ... a bit like if you pay $500 towards your electricity bill and it comes in at $300, the electricity provider should refund $200 .... if you used to earn $15 000, you would have had to pay tax .... now you don't .... If you used to earn $15,000 you didnt pay a cent of tax as a matter of fact!

You may have got it back as a rebate but you still had to do a tax return and wait until you got your refund before you got it back. Now people that earn such a small amount do not have to lodge a tax return at all.

skippy. wrote on Nov 5^th, 2012 at 8:38am:

Verge wrote on Nov 5th, 2012 at 8:29am: John Smith wrote on Nov 5th, 2012 at 8:27am: warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. you can only get back what you have overpaid .... it's a refund, not a gift from the government ... its money you have been overcharged ... a bit like if you pay $500 towards your electricity bill and it comes in at $300, the electricity provider should refund $200 .... if you used to earn $15 000, you would have had to pay tax .... now you don't .... If you used to earn $15,000 you didnt pay a cent of tax as a matter of fact! You may have got it back as a rebate but you still had to do a tax return and wait until you got your refund before you got it back. Now people that earn such a small amount do not have to lodge a tax return at all.

it took quite a while this year to get my income statements from centrelink , so I will be lodging just as I had in previous years.

warrigal wrote on Nov 5^th, 2012 at 9:03am:

skippy. wrote on Nov 5th, 2012 at 8:38am: Verge wrote on Nov 5th, 2012 at 8:29am: John Smith wrote on Nov 5th, 2012 at 8:27am: warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. you can only get back what you have overpaid .... it's a refund, not a gift from the government ... its money you have been overcharged ... a bit like if you pay $500 towards your electricity bill and it comes in at $300, the electricity provider should refund $200 .... if you used to earn $15 000, you would have had to pay tax .... now you don't .... If you used to earn $15,000 you didnt pay a cent of tax as a matter of fact! You may have got it back as a rebate but you still had to do a tax return and wait until you got your refund before you got it back. Now people that earn such a small amount do not have to lodge a tax return at all. it took quite a while this year to get my income statements from centrelink , so I will be lodging just as I had in previous years.

Well considering the new tax system did not start until July one this year you would have to lodge as per usual this year. ::) why do people that have no freaking idea bother to start threads like this? ::)

Mine came within 2 days of lodging. They musta been waiting for it hahaha

Anyway i am wondering if abbott or any lib for that matter would remove that threshold if they got in. It was far too low and hadnt been put up in a great many years. It wasnt "compensation" for the carbon price any more than anything else the govt did. The pensioners were due a rise and the school kids "bonus" took away their existing perks. Nobody got anything so if the libs take any of it away ppl will be worse off.

SOB

warrigal wrote on Nov 5^th, 2012 at 8:24am:

John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it.

This qualifies as the stupidest thing I've read on these boards & that's saying something.

So you pay tax, the government spends it, then it magically reappears & the government gives it back?

Why would the government waste time collecting in the 1st place?

Why not just use the magic pudding?

Did you go to The Honkonmics School of Money Management?

Sir Spot of Borg wrote on Nov 5^th, 2012 at 9:58am:

Mine came within 2 days of lodging. They musta been waiting for it hahaha Anyway i am wondering if abbott or any lib for that matter would remove that threshold if they got in. It was far too low and hadnt been put up in a great many years. It wasnt "compensation" for the carbon price any more than anything else the govt did. The pensioners were due a rise and the school kids "bonus" took away their existing perks. Nobody got anything so if the libs take any of it away ppl will be worse off. SOB

don't have this threshold amount.

solution
Every one pays some tax, even thoughs on welfare.

I do, works for me.

Dsmithy70 wrote on Nov 5^th, 2012 at 10:06am:

warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. This qualifies as the stupidest thing I've read on these boards & that's saying something. So you pay tax, the government spends it, then it magically reappears & the government gives it back? Why would the government waste time collecting in the 1st place? Why not just use the magic pudding? Did you go to The Honkonmics School of Money Management?

stupidest??? I'm not sure of that, but its definately a top-ten candidate. Borgs claim to have flown as a passenger in an F111 with John Howard is probably stupider.

gold_medal wrote on Nov 5^th, 2012 at 10:43am:

Dsmithy70 wrote on Nov 5th, 2012 at 10:06am: warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. This qualifies as the stupidest thing I've read on these boards & that's saying something. So you pay tax, the government spends it, then it magically reappears & the government gives it back? Why would the government waste time collecting in the 1st place? Why not just use the magic pudding? Did you go to The Honkonmics School of Money Management? stupidest??? I'm not sure of that, but its definately a top-ten candidate. Borgs claim to have flown as a passenger in an F111 with John Howard is probably stupider.

PMSL - I missed that one ;D ;D

http://hsfeatures.com/images/f111cap_007.jpg

gold_medal wrote on Nov 5^th, 2012 at 10:43am:

Dsmithy70 wrote on Nov 5th, 2012 at 10:06am: warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. This qualifies as the stupidest thing I've read on these boards & that's saying something. So you pay tax, the government spends it, then it magically reappears & the government gives it back? Why would the government waste time collecting in the 1st place? Why not just use the magic pudding? Did you go to The Honkonmics School of Money Management? stupidest??? I'm not sure of that, but its definately a top-ten candidate. Borgs claim to have flown as a passenger in an F111 with John Howard is probably stupider.

Liar - now it will haunt you

SOB

I think Boag Dsmithy is just another Prevailing on this forum

nothing makes sense

Back to topic

warrigal wrote on Nov 5^th, 2012 at 11:35am:

I think Boag Dsmithy is just another Prevailing on this forum nothing makes sense Back to topic

ire te ipsum

Speak English

warrigal wrote on Nov 5^th, 2012 at 11:50am:

Speak English

je neuken geiten

Dsmithy70 wrote on Nov 5^th, 2012 at 12:22pm:

warrigal wrote on Nov 5th, 2012 at 11:50am: Speak English je neuken geiten

google translate needed then

Dsmithy70 wrote on Nov 5^th, 2012 at 11:05am:

gold_medal wrote on Nov 5th, 2012 at 10:43am: Dsmithy70 wrote on Nov 5th, 2012 at 10:06am: warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. This qualifies as the stupidest thing I've read on these boards & that's saying something. So you pay tax, the government spends it, then it magically reappears & the government gives it back? Why would the government waste time collecting in the 1st place? Why not just use the magic pudding? Did you go to The Honkonmics School of Money Management? stupidest??? I'm not sure of that, but its definately a top-ten candidate. Borgs claim to have flown as a passenger in an F111 with John Howard is probably stupider. PMSL - I missed that one ;D ;D http://hsfeatures.com/images/f111cap_007.jpg

Because it didnt happen. He is making it up.

SOB

Sir Spot of Borg wrote on Nov 5^th, 2012 at 2:38pm:

Dsmithy70 wrote on Nov 5th, 2012 at 11:05am: gold_medal wrote on Nov 5th, 2012 at 10:43am: Dsmithy70 wrote on Nov 5th, 2012 at 10:06am: warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. This qualifies as the stupidest thing I've read on these boards & that's saying something. So you pay tax, the government spends it, then it magically reappears & the government gives it back? Why would the government waste time collecting in the 1st place? Why not just use the magic pudding? Did you go to The Honkonmics School of Money Management? stupidest??? I'm not sure of that, but its definately a top-ten candidate. Borgs claim to have flown as a passenger in an F111 with John Howard is probably stupider. PMSL - I missed that one ;D ;D http://hsfeatures.com/images/f111cap_007.jpg Because it didnt happen. He is making it up. SOB

Sir Spot of Borg wrote on Jun 5^th, 2012 at 10:50am:

longweekend58 wrote on Jun 5th, 2012 at 10:33am: Sir Spot of Borg wrote on Jun 5th, 2012 at 9:55am: longweekend58 wrote on Jun 5th, 2012 at 9:41am: Sir Spot of Borg wrote on Jun 5th, 2012 at 9:39am: Maqqa wrote on Jun 5th, 2012 at 7:03am: Sir Spot of Borg wrote on Jun 5th, 2012 at 6:40am: Sir Spot of Borg wrote on Jun 4th, 2012 at 6:00pm: Quote: So you consider both events as having the same severity of impact? The goal of both was to manipulate the public so yes they were both lies. SOB WHY DO YOU ASK MAQQA? SOB I ask because your posts attempts to lump all lies in the same basket which is not the way society works Shows your lefties tail? Oh really. So that whole BS about children overboard was okay? And the WMDs in iraq was okay? But no carbon tax was not? What a complete hypocrit you are. All lies are lies. SOB not even in the same league. Howard was reporting what he was told - nothing more. the carbon tax promise however was told to EVERYBODY and then reneged on mere days after the election. Bullshit. He knew he was lying and he lied because he was (and still is) a lying lair. He cant do ANYTHING without lying. I was once on a plane arriving in canberra and he was onboard. Just because he wanted to get off first and he was up the back they LIED and said that if the back ppl didnt get off first the plane would tip over! You could hear the muffled laughter go through the plane. He just had to lie. SOB Howard travelled between canberra and sydney by RAAF jet - not commercial. And i doubt he has travelled cattel class in many decades. So no, I dont beleive your story. it is a lie. Not always. It was when that herc or F1-11 was being repaired. Dont remember what year it was but it WAS on the news. He travelled by quantus several times. I dont really care if you believe me or not though. SOB

If this the famous quote where Spot of Magpie said howard rode in a F1-11!

Verge wrote on Nov 5^th, 2012 at 3:18pm:

Sir Spot of Borg wrote on Nov 5th, 2012 at 2:38pm: Dsmithy70 wrote on Nov 5th, 2012 at 11:05am: gold_medal wrote on Nov 5th, 2012 at 10:43am: Dsmithy70 wrote on Nov 5th, 2012 at 10:06am: warrigal wrote on Nov 5th, 2012 at 8:24am: John Smith wrote on Nov 5th, 2012 at 7:46am: warrigal wrote on Nov 5th, 2012 at 7:19am: Lifting this tax free threhold, has archived nothing excepted stopping low income earners get there tax back. so what might be go for the average person is bad for the low income earner. you really have no idea do you? you can only get back what you have overpaid .... lifting the threshold means they pay less ... I have paid tax on my income for the last financial, every other year I have lodge a tax return and got a return , what you pay is returned if you claim it. This qualifies as the stupidest thing I've read on these boards & that's saying something. So you pay tax, the government spends it, then it magically reappears & the government gives it back? Why would the government waste time collecting in the 1st place? Why not just use the magic pudding? Did you go to The Honkonmics School of Money Management? stupidest??? I'm not sure of that, but its definately a top-ten candidate. Borgs claim to have flown as a passenger in an F111 with John Howard is probably stupider. PMSL - I missed that one ;D ;D http://hsfeatures.com/images/f111cap_007.jpg Because it didnt happen. He is making it up. SOB Sir Spot of Borg wrote on Jun 5th, 2012 at 10:50am: longweekend58 wrote on Jun 5th, 2012 at 10:33am: Sir Spot of Borg wrote on Jun 5th, 2012 at 9:55am: longweekend58 wrote on Jun 5th, 2012 at 9:41am: Sir Spot of Borg wrote on Jun 5th, 2012 at 9:39am: Maqqa wrote on Jun 5th, 2012 at 7:03am: Sir Spot of Borg wrote on Jun 5th, 2012 at 6:40am: Sir Spot of Borg wrote on Jun 4th, 2012 at 6:00pm: Quote: So you consider both events as having the same severity of impact? The goal of both was to manipulate the public so yes they were both lies. SOB WHY DO YOU ASK MAQQA? SOB I ask because your posts attempts to lump all lies in the same basket which is not the way society works Shows your lefties tail? Oh really. So that whole BS about children overboard was okay? And the WMDs in iraq was okay? But no carbon tax was not? What a complete hypocrit you are. All lies are lies. SOB not even in the same league. Howard was reporting what he was told - nothing more. the carbon tax promise however was told to EVERYBODY and then reneged on mere days after the election. Bullshit. He knew he was lying and he lied because he was (and still is) a lying lair. He cant do ANYTHING without lying. I was once on a plane arriving in canberra and he was onboard. Just because he wanted to get off first and he was up the back they LIED and said that if the back ppl didnt get off first the plane would tip over! You could hear the muffled laughter go through the plane. He just had to lie. SOB Howard travelled between canberra and sydney by RAAF jet - not commercial. And i doubt he has travelled cattel class in many decades. So no, I dont beleive your story. it is a lie. Not always. It was when that herc or F1-11 was being repaired. Dont remember what year it was but it WAS on the news. He travelled by quantus several times. I dont really care if you believe me or not though. SOB If this the famous quote where Spot of Magpie said howard rode in a F1-11!

This is where borg say 'I didnt say that at all' - despite the quote being there...