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General Discussion >> Federal Politics >> Labor wants death taxes. http://www.ozpolitic.com/forum/YaBB.pl?num=1549769218 Message started by Bobby. on Feb 10th, 2019 at 1:26pm |
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Title: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 1:26pm
Is the Labor party a communist party?
This means that the state owns your home. It's a pure communist idea. The photo appeared above on a website. It's from the West Australian newspaper. https://www.pressreader.com/ The Govt. is broke. We will owe $1 trillion within 18 months of Labor coming to power. We already owe $681 billion. http://www.australiandebtclock.com.au/ They are desperate to get money from anywhere they can - even robbery is OK by them. |
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Title: Re: Labor wants death taxes. Post by Ye Grappler on Feb 10th, 2019 at 1:36pm
My repeatedly stated position is that everything you own after buying out of after-tax income is yours alone, and not the property of the state in any way - EVER!
Such a position is totally unacceptable.. however - Chris Bowen said that Labor was NOT considering death taxes. Take that as you wish................................ if their lips are moving.... you know the rest..... Could suddenly be a 'budget emergency' sort of like a 'sexual emergency' ..... |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 1:37pm
Someone posted this on a website:
Death duties on people that have paid tax all their lives already, the definition of cruel and unusual punishment. They don't want Australians to be able to have passed on the carefuly accumulated wealth of previous generations, instead each individual Aussie must compete as a blank slate in unfair 'marketplace' warfare against hoards of invaders that most certainly work as a team. The death duties will be levied on Aussies that might be 'property rich' with just one house in a suburb of Sydney or Melbourne because of the ridiculous appreciation in the price of domestic property. These properties will be sold off to pay the death duties to ZOG, forever banishing Aussies from these suburbs, and perhaps barring low paid, working class Aussies from even being able to own property at all. Who is running these unions? |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 1:38pm Sir Grappler Truth Teller OAM wrote on Feb 10th, 2019 at 1:36pm:
The state owns you - it owns your body and all your property. Consider yourself lucky that they don't take 100% of a family home when the owner dies. |
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Title: Re: Labor wants death taxes. Post by Ye Grappler on Feb 10th, 2019 at 1:51pm Bobby. wrote on Feb 10th, 2019 at 1:37pm:
Pretty fair summation................ |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 1:53pm Sir Grappler Truth Teller OAM wrote on Feb 10th, 2019 at 1:51pm:
Things are going to change under Labor. It's inevitable that they will win. |
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Title: Re: Labor wants death taxes. Post by Ye Grappler on Feb 10th, 2019 at 1:53pm Bobby. wrote on Feb 10th, 2019 at 1:38pm:
Tht's why I'm here, as leader of her majesty's true and only genuine loyal opposition and as leader of the revolution via educating .... you think I make jokes and am frivolous or off beam... your subconscious picks up the meaning even if your trained mind does not... |
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Title: Re: Labor wants death taxes. Post by Bam on Feb 10th, 2019 at 2:03pm
"Labor wants death taxes" is a misleading subject title.
A more accurate summation: "ACTU wants death taxes". |
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Title: Re: Labor wants death taxes. Post by PZ547 on Feb 10th, 2019 at 2:03pm
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What does the ACTU have to do with it ? |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 2:05pm Bam wrote on Feb 10th, 2019 at 2:03pm:
Don't expect Labor to announce this during the election campaign. We'll be told about it when they win. |
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Title: Re: Labor wants death taxes. Post by PZ547 on Feb 10th, 2019 at 2:08pm
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I don't get it The Australian Council of Trade Unions wants to impose death taxes on all Australians? Trade unions? Have they branched out ? Is the Australian Tax Office a member of trade unions? Shorten? Explain please? |
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Title: Re: Labor wants death taxes. Post by lee on Feb 10th, 2019 at 2:22pm PZ547 wrote on Feb 10th, 2019 at 2:08pm:
You do understand the ATO only implements the laws passed by parliament? |
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Title: Re: Labor wants death taxes. Post by PZ547 on Feb 10th, 2019 at 2:29pm lee wrote on Feb 10th, 2019 at 2:22pm:
Not sure if my comment would fall under sarcasm or humour -- never mind The question remains however. What the hell are trade unions doing calling for death tax? Or, duh, have trade unions become amalgamated with parliament and we weren't informed? |
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Title: Re: Labor wants death taxes. Post by Captain Nemo on Feb 10th, 2019 at 2:36pm
Did someone here forget that the Labor Party is based on the Union Movement?
The ACTU has called on Bill Shorten to introduce this tax ... |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 2:38pm PZ547 wrote on Feb 10th, 2019 at 2:29pm:
What more evidence do we need that the trade unions are run by communists? |
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Title: Re: Labor wants death taxes. Post by Aussie on Feb 10th, 2019 at 2:56pm PZ547 wrote on Feb 10th, 2019 at 2:29pm:
They can call for what they like, just like any other person or organisation can. That okay but you? Quote:
No, but it is well known and acknowledged that the Unions are part of ALP structure, and as such, have a capacity to contribute at ALP annual Meetings. "Death taxes" are not part of ALP Policy and I doubt they ever will be. We had them years ago, it was seen as a rip off (as Grappler has so simply explained) and it was terminated. It seems we 'inherited' the notion of death taxes from our Pommie colonial days, and it was not until Qld, then led by Joe the Jerk, began a rollback of it until it was ultimately turfed in the early 1980's. Funnily enough, it was Morrison who first ruminated about a reintroduction in 2015. |
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Title: Re: Labor wants death taxes. Post by PZ547 on Feb 10th, 2019 at 3:02pm
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Doubt Aussies will take a bar of the ACTU sticking its oar in Next: Morrison floated it. Didn't have time to implement it. Labor picks it up. It's what they do. One stinking sewer of a party pretending to be two opposing parties How about ACTU steps beyond its bounds some more and tells Aussies that its going to put a halt to politicians' perks and pensions and also reduce their salaries to the basic wage? nice. I'll buy the ACTU a latte if they start using their non-too-impressive clout for good until then, tell the ACTU to shut its trap |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 3:10pm
Aussie,
Quote:
ohh - so was a Liberal idea! Thanks Aussie for clarifying it. |
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Title: Re: Labor wants death taxes. Post by Aussie on Feb 10th, 2019 at 3:11pm PZ547 wrote on Feb 10th, 2019 at 3:02pm:
Why...they are an integral part of the Labor Party...and its structure. All quite open....no secret. Unlike the big end of town supporters of the Libs who hide in the shadows and behind curtains. You will see as soon as we get a Federal ICAC. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 3:13pm Aussie wrote on Feb 10th, 2019 at 3:11pm:
Hi Aussie, do you think Shorten will be honest and tell us about his death tax policy during the election campaign? |
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Title: Re: Labor wants death taxes. Post by Captain Nemo on Feb 10th, 2019 at 3:14pm Bobby. wrote on Feb 10th, 2019 at 2:38pm:
Actually Bobby, they are "Democratic Socialists" to be precise. ;) |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 3:15pm Captain Nemo wrote on Feb 10th, 2019 at 3:14pm:
Read between the lines of Aussie's post and it seems like that no matter who wins we'll have death taxes. |
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Title: Re: Labor wants death taxes. Post by PZ547 on Feb 10th, 2019 at 3:19pm Bobby. wrote on Feb 10th, 2019 at 3:15pm:
and they're hinting at land tax now the stamp-duty rort is collapsing along with property prices maybe we need NEW government and LNP and its twin Labor get put down |
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Title: Re: Labor wants death taxes. Post by Aussie on Feb 10th, 2019 at 3:28pm Bobby. wrote on Feb 10th, 2019 at 3:13pm:
FMD Bobby...can't you read????? ALP Policy is set at their annual meetings. Their last was in December 2018. No death tax became part of ALP Policy, so ....NO.....it will not emerge before the next election. |
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Title: Re: Labor wants death taxes. Post by lee on Feb 10th, 2019 at 3:28pm PZ547 wrote on Feb 10th, 2019 at 2:29pm:
Sorry. I have the same problem which is why I tend to use a /sarc tag at the end. :-[ |
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Title: Re: Labor wants death taxes. Post by Bias_2012 on Feb 10th, 2019 at 3:29pm
Not sure that Labor will win the next Fed election, we could end up like Venezuela - who wants that?
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Title: Re: Labor wants death taxes. Post by Aussie on Feb 10th, 2019 at 3:30pm Quote:
Land Tax has been in existence for decades, ferfuxsake. Where are you dreaming this crap up from? |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 3:31pm Aussie wrote on Feb 10th, 2019 at 3:28pm:
Yes - only after Bill wins. |
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Title: Re: Labor wants death taxes. Post by Aussie on Feb 10th, 2019 at 3:37pm Bobby. wrote on Feb 10th, 2019 at 3:31pm:
Scare mongering crap, Bobby. How desperate are you Libs these days? Huh...just dream up any old demon and say that the ALP will support it. Next you'll be telling us that the ALP want to see people drowning at sea with an armada of boats heading our way. Oh...hang on...that tale is already being told. |
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Title: Re: Labor wants death taxes. Post by Gordon on Feb 10th, 2019 at 3:40pm Aussie wrote on Feb 10th, 2019 at 3:30pm:
On PPOR? |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 3:41pm Aussie wrote on Feb 10th, 2019 at 3:37pm:
I am neither a Labor nor Liberal voter. I know they're both dishonest parties. I would rather vote for the mickey mouse party. |
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Title: Re: Labor wants death taxes. Post by Captain Nemo on Feb 10th, 2019 at 3:41pm Bobby. wrote on Feb 10th, 2019 at 3:15pm:
Nothing surer than death and taxes. ;D BTW ... I had this "argument" with a Labor Party member once about Labor being "Democratic Socialists" ... he was adamant that they were not, until I quoted the labor party national Constitution to him: PART B – OBJECTIVES AND PRINCIPLES Origins 3 The Australian Labor Party had its origins in: (a) the aspirations of the Australian people for a decent, secure, dignified and constructive way of life; (b) the recognition by the trade union movement of the necessity for a political voice to take forward the struggle of the working class against the excesses, injustices and inequalities of capitalism; and (c) the commitment by the Australian people to the creation of an independent, free and enlightened Australia. Objectives 4 The Australian Labor Party is a democratic socialist party and has the objective of the democratic socialisation of industry, production, distribution and exchange, to the extent necessary to eliminate exploitation and other anti-social features in these fields. 5 To achieve the political and social values of equality, democracy, liberty and social cooperation inherent in this objective, the Australian Labor Party stands for: (a) redistribution of political and economic power so that all members of society have the opportunity to participate in the shaping and control of the institutions and relationships which determine their lives; (b) establishment and development of public enterprises, based upon federal, state and other forms of social ownership, in appropriate sectors of the economy; (c) democratic control and strategic social ownership of Australian natural resources for the benefit of all Australians; (d) maintenance of and support for a competitive non-monopolistic private sector, including small business and farming, controlled and owned by Australians, operating within clear social guidelines and objectives; (e) the right to own private property; (f) recognition and encouragement of the right of labour to organise for the protection and advancement of its interests; (g) the application of democracy in industry to increase the opportunities for people to work in satisfying, healthy and humane conditions; and to participate in and to increase their control over the decision making processes affecting them; (h) the promotion of socially appropriate technology and the monitoring of its introduction to ensure that the needs and interests of labour, as well as the requirements of competitive industry and consumer demand, are taken into consideration; (i) the restoration and maintenance of full employment; (j) the abolition of poverty, and the achievement of greater equality in the distribution of income, wealth and opportunity; (k) social justice and equality for individuals, the family and all social units, and the elimination of exploitation in the home; (l) equal access and rights to employment, education, information, technology, housing, health and welfare services, cultural and leisure activities and the law; (m) reform of the Australian Constitution and other political institutions to ensure that they reflect the will of the majority of Australian citizens and the existence of Australia as an independent republic; (n) recognition and protection of fundamental political and civil rights, including freedom of expression, the press, assembly, association, conscience and religion; the right to privacy; the protection of the individual from oppression by the state; and democratic reform of the Australian legal system; ... https://cdn.australianlabor.com.au/documents/ALP_National_Constitution.pdf |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 3:48pm
Nemo,
don't try and masquerade the Labor party as having lofty goals. They just want your money. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 3:58pm
From another forum - someone wrote:
If Shorten gets in he will introduce this as soon as he can and unlike France say what you will about the French , their will be no Yellow Vest movement here we have reached the tipping point where there will be enough Multiculturalists, Muslims, Refugees and Marxists on the public purse who will fully support it. |
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Title: Re: Labor wants death taxes. Post by Captain Nemo on Feb 10th, 2019 at 4:02pm Bobby. wrote on Feb 10th, 2019 at 3:48pm:
Lofty goals? LOL They are populated by vipers and arseholes. ;D |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 4:06pm Captain Nemo wrote on Feb 10th, 2019 at 4:02pm:
No way - Big Brother cares about you. |
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Title: Re: Labor wants death taxes. Post by John Smith on Feb 10th, 2019 at 5:02pm Bobby. wrote on Feb 10th, 2019 at 1:37pm:
probably some idiot who like you doesn't know the difference between the ACTU and the labor party |
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Title: Re: Labor wants death taxes. Post by Dnarever on Feb 10th, 2019 at 5:15pm
Looks like an original picture of fake news ?
The start of the scare campaigns for 2019 |
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Title: Re: Labor wants death taxes. Post by John Smith on Feb 10th, 2019 at 5:22pm Dnarever wrote on Feb 10th, 2019 at 5:15pm:
start? it started ages ago. They were crying the boats would start again under labor the week after they won office :D :D :D |
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Title: Re: Labor wants death taxes. Post by Dnarever on Feb 10th, 2019 at 5:30pm Bobby. wrote on Feb 10th, 2019 at 3:41pm:
There will never be a cheese tax. |
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Title: Re: Labor wants death taxes. Post by cods on Feb 10th, 2019 at 5:37pm Bobby. wrote on Feb 10th, 2019 at 2:05pm:
seems like you have learnt something along the way bobby.. remember THE CARBON TAX WE WOULD NEVER HAVE... ;D ;D ;D ooops not forgetting krudd telling us he has too MUCH INTEGRITY TO EVER CHALLENGE AGAIN>> ;D ;D ;D.. memories. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 5:46pm cods wrote on Feb 10th, 2019 at 5:37pm:
Hi Cods, I feel sorry for all those people out there who could never afford to buy a house and were hoping to move into their parents family home when their parents passed away. Now they'll have to sell that family home to pay the taxes. Some Chinese investor will probably buy it and charge them exorbitant rent to move back in. |
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Title: Re: Labor wants death taxes. Post by Dnarever on Feb 10th, 2019 at 5:52pm
Labor have said nothing about this.
It is a pure scare campaign - won't happen - 1,000,000,000 : 1 |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 5:57pm Dnarever wrote on Feb 10th, 2019 at 5:52pm:
Alright - I trust Bill Shorten too. :-[ |
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Title: Re: Labor wants death taxes. Post by philperth2010 on Feb 10th, 2019 at 5:58pm
What did Labor say about the tax policy proposed by the ACTU???
Quote:
::) ::) ::) https://outline.com/VmgvcS |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 6:03pm philperth2010 wrote on Feb 10th, 2019 at 5:58pm:
I want it engraved in granite on a stone in front of parliament saying: Labor will NEVER introduce a death tax. never ever - it's a core promise - as Howard would say or There wll be no carbon tax under a Govt. I lead - thanks JuLiar. Or there will be not cuts to the SBS or the ABC - thanks Tony. |
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Title: Re: Labor wants death taxes. Post by Aussie on Feb 10th, 2019 at 6:15pm Bobby. wrote on Feb 10th, 2019 at 6:03pm:
Yes, Hayseed could always be relied upon, no doubt about it. Yay Hayseed, the honest politician or is that 'lying rodent?' https://www.youtube.com/watch?v=9uuST6EbDpQ |
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Title: Re: Labor wants death taxes. Post by John Smith on Feb 10th, 2019 at 6:23pm Bobby. wrote on Feb 10th, 2019 at 6:03pm:
I'll engrave it on your tombstone for you. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 6:31pm John Smith wrote on Feb 10th, 2019 at 6:23pm:
That's a very dark thought John, forgiven namaste |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 6:35pm Aussie wrote on Feb 10th, 2019 at 6:15pm:
Good one Aussie - now for JuLiar - http://www.youtube.com/watch?v=KMVc0IbtyAQ |
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Title: Re: Labor wants death taxes. Post by philperth2010 on Feb 10th, 2019 at 6:36pm Bobby. wrote on Feb 10th, 2019 at 6:03pm:
Right or wrong Labor have released their policies well in advance of the election and been up front despite the criticism....So far as they keep denying it is policy I see no reason to doubt that this is nothing more than noise from the ACTU....The death tax is dead in Australia!!! :) :) :) |
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Title: Re: Labor wants death taxes. Post by Setanta on Feb 10th, 2019 at 6:37pm Bobby. wrote on Feb 10th, 2019 at 1:37pm:
Not saying I agree with the proposal but what I highlighted is wrong. It's not taxes on the dead people, it's taxes on the people that inherit who are alive and well. The dead guy cannot be punished in any way shape or form, he's dead, extinct, and ex-person. |
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Title: Re: Labor wants death taxes. Post by stunspore on Feb 10th, 2019 at 6:41pm
Another Lib Fib. It will get lost over the other fibs though.
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 6:41pm Setanta wrote on Feb 10th, 2019 at 6:37pm:
True - but still he has a point. Tax was already paid on earnings to buy that house. Why should it be taxed again? It could mean that the family home will need to be sold to pay the tax. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 6:42pm philperth2010 wrote on Feb 10th, 2019 at 6:36pm:
I trust Bill Shorten too. :-[ |
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Title: Re: Labor wants death taxes. Post by Gordon on Feb 10th, 2019 at 6:48pm
I'm OK with an inheritance/death tax as long as the threshold is set at above 5 million then scaled up slowly.
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Title: Re: Labor wants death taxes. Post by Setanta on Feb 10th, 2019 at 6:54pm Bobby. wrote on Feb 10th, 2019 at 6:41pm:
Does he? Are you taxed on gifts of large amounts of money that has already been taxed? Quote:
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Title: Re: Labor wants death taxes. Post by lee on Feb 10th, 2019 at 7:10pm Setanta wrote on Feb 10th, 2019 at 6:54pm:
" I have spoken to the ATO about this on several occasions and the verbal advice I have received is the same; there is no tax on gifts in Australia. Giving away money is not a taxable event for the recipient. However, if the person giving the monetary gift sells an asset, e.g. investment property, share portfolio, etc., then that event may give rise to a capital gains tax, but the act of giving itself is not taxable." https://alignfinancial.com.au/2018/06/06/are-gifts-taxable/ It could possibly be a legacy portion of legislation from long ago. The highlighted part would impact the giver's tax obligations. |
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Title: Re: Labor wants death taxes. Post by 56 44 on Feb 10th, 2019 at 7:17pm
Labor's policy platform is sensible and clearly articulated, where as the libs are just offering the same chaos and dysfunction, no wonder they're getting the smashing of all smashings shortly
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Title: Re: Labor wants death taxes. Post by John Smith on Feb 10th, 2019 at 7:23pm Bobby. wrote on Feb 10th, 2019 at 6:31pm:
I was being positive. :D |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 7:24pm Setanta wrote on Feb 10th, 2019 at 6:54pm:
Yes the tax department is ruthless at getting tax - even for gifts. |
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Title: Re: Labor wants death taxes. Post by John Smith on Feb 10th, 2019 at 7:25pm lee wrote on Feb 10th, 2019 at 7:10pm:
bullshit. Try giving your house to a relative and see how long it takes govco to come for their stamp duty (a tax). |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 7:29pm
https://www.ato.gov.au/general/capital-gains-tax/deceased-estates-and-inheritances/
Deceased estates and inheritances Generally capital gains tax (CGT) doesn't apply when you inherit an asset. However, it may apply when you later sell or otherwise dispose of the asset. If you sell an inherited dwelling, there are special rules – for example, the main residence exemption may apply in part or full. Unless the asset you inherit is fully exempt, you'll need to know the cost base of the asset to work out your capital gain when you sell it. The cost base may be based on the value of the asset when the deceased acquired it or the value when they died, depending on the circumstances. |
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Title: Re: Labor wants death taxes. Post by lee on Feb 10th, 2019 at 7:43pm John Smith wrote on Feb 10th, 2019 at 7:25pm:
Oh dear. Confusing a federal taxing entity (ATO) with a state tax (stamp duty). |
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Title: Re: Labor wants death taxes. Post by John Smith on Feb 10th, 2019 at 7:48pm lee wrote on Feb 10th, 2019 at 7:43pm:
taxes are taxes. You didn't say anything about federal or state when you said, and I quote, 'there is no tax on gifts in Australia'. You were WRONG. :D :D |
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Title: Re: Labor wants death taxes. Post by lee on Feb 10th, 2019 at 8:04pm John Smith wrote on Feb 10th, 2019 at 7:48pm:
perhaps you can give the exact quote? perhaps you confused me with someone else? My first mention of tax was in reply to Setanta who linked to the ato.- |
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Title: Re: Labor wants death taxes. Post by Dnarever on Feb 10th, 2019 at 8:18pm Bobby. wrote on Feb 10th, 2019 at 6:42pm:
I trust Bill Shorten too. :-[/quote] Labor have opposed death taxes for well over 50 years - nothing has changed. |
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Title: Re: Labor wants death taxes. Post by Aussie on Feb 10th, 2019 at 8:26pm
In the very near future, you will hear about an action being taken by a mob of Qld Taxi Licence Owners against the Qld Government. There is also a parallel action against Uber.
There are suggestions that if there is a win on the capital loss of my Licence, the compensation for a capital loss is taxable as income. Far cough. |
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Title: Re: Labor wants death taxes. Post by lee on Feb 10th, 2019 at 8:38pm John Smith wrote on Feb 10th, 2019 at 7:48pm:
Oh you must mean a part of a quote I gave. It is a pity you didn't include the whole sentence. "I have spoken to the ATO about this on several occasions and the verbal advice I have received is the same; there is no tax on gifts in Australia." Now exactly why the ATO would give any guidance on stamp duty in the states is beyond me. And probably most. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 10th, 2019 at 8:44pm Aussie wrote on Feb 10th, 2019 at 8:26pm:
You'll be rich if you win Aussie. |
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Title: Re: Labor wants death taxes. Post by Setanta on Feb 10th, 2019 at 9:31pm John Smith wrote on Feb 10th, 2019 at 7:25pm:
Or a $50,000 car and try and say it was a gift when you transfer ownership. "Sorry transfer fees on current market value..." |
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Title: Re: Labor wants death taxes. Post by Gordon on Feb 10th, 2019 at 9:33pm Aussie wrote on Feb 10th, 2019 at 8:26pm:
Taxis smell like a curried turd. That's why the licence price tanked. Yuck |
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Title: Re: Labor wants death taxes. Post by Setanta on Feb 10th, 2019 at 9:35pm lee wrote on Feb 10th, 2019 at 7:10pm:
I just quoted them. You saw the quote, I gave you the link. |
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Title: Re: Labor wants death taxes. Post by lee on Feb 10th, 2019 at 9:42pm Setanta wrote on Feb 10th, 2019 at 9:35pm:
yep. And nowhere do they expand on that. Which is why I used the external reference. |
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Title: Re: Labor wants death taxes. Post by Aussie on Feb 10th, 2019 at 9:47pm Setanta wrote on Feb 10th, 2019 at 9:31pm:
That is not a tax on a gift at all. You can give a zillion dollars and it is not taxable in the hands of the beneficiary. However, that you made said gift will impact adversely on you if you are then on a 'pension,' (unlikely) or, later, seek a 'pension.' Geez, you blokes are armchair fuq wits. |
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Title: Re: Labor wants death taxes. Post by Ye Grappler on Feb 10th, 2019 at 10:25pm Bobby. wrote on Feb 10th, 2019 at 7:29pm:
Simple enough - exempt the family home only.... the rest are up for consideration. If they are an income bearing asset, such as a rental, that needs to be looked at very carefully, and a binding decision made whether or not the transfer incurs CGT. Shilly-shallying around the edges will only create bolt holes and confusion.... |
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Title: Re: Labor wants death taxes. Post by Setanta on Feb 10th, 2019 at 10:37pm Aussie wrote on Feb 10th, 2019 at 9:47pm:
What is a transfer fee if it's not a tax. You cannot dodge it by putting $0 on the transfer. You were given something and you must pay tax to have it transferred into your name. Being on a pension will only give you free registration, you will still need to pay the other half we have here, the Green Slip, third party insurance. Transfer fee applies whether you are a pensioner or not. You on the other hand don't even need an armchair to be a fuq wit. Quote:
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Title: Re: Labor wants death taxes. Post by lee on Feb 11th, 2019 at 11:50am Sir Grappler Truth Teller OAM wrote on Feb 10th, 2019 at 10:25pm:
So you would be happy for the $1.6m family home to be free of CGT once it has been passed to the heir/s, and when they on-sell? |
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Title: Re: Labor wants death taxes. Post by Dsmithy70 on Feb 11th, 2019 at 2:55pm Sir Grappler Truth Teller OAM wrote on Feb 10th, 2019 at 1:51pm:
If true it is the fault of current retiree's. You know all those "Self funded" who are now crying that taxpayer handout will stop(franking credits) It would seem that Superannuation is now being used as an intergenerational wealth fund, where the principal cannot go down & they live off interest payments. This is NOT the intention of superannuation, the intention of Super is to save whilst working then draw down on principal amount throughout your retirement. If you live longer than expected you would then move to the aged pension, or if you die early then your remaining super goes to your estate. But as we are seeing from Tim's taxpayer funded campaign these people believe their super nest egg must never be reduced. Don't want Estate taxes? USE YOUR smacking SUPER AS INTENDED >:( |
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Title: Re: Labor wants death taxes. Post by lee on Feb 11th, 2019 at 3:02pm Dsmithy70 wrote on Feb 11th, 2019 at 2:55pm:
You mean the one that is concentrating on the lower income people? That Labor seems to have forgotten? |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 11th, 2019 at 3:03pm Dsmithy70 wrote on Feb 11th, 2019 at 2:55pm:
Another fallacy. Not many people can live off their super without drawing down the balance. |
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Title: Re: Labor wants death taxes. Post by Dsmithy70 on Feb 11th, 2019 at 3:14pm lee wrote on Feb 11th, 2019 at 3:02pm:
Yeah Let's not confuse lower income with tax strategies that minimize income. |
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Title: Re: Labor wants death taxes. Post by lee on Feb 11th, 2019 at 3:21pm Dsmithy70 wrote on Feb 11th, 2019 at 3:14pm:
I agree. Why would Labor want to smash the poorer people with a bloody great sledgehammer designed to knock the richer ones down. A "one size fits all" approach. |
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Title: Re: Labor wants death taxes. Post by philperth2010 on Feb 11th, 2019 at 3:23pm
Labor has said it will not introduce death taxes....What is this bullshit all about???
:-? :-? :-? |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 11th, 2019 at 3:28pm philperth2010 wrote on Feb 11th, 2019 at 3:23pm:
It's coming Phil - mark my words here on this thread! |
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Title: Re: Labor wants death taxes. Post by lee on Feb 11th, 2019 at 3:34pm philperth2010 wrote on Feb 11th, 2019 at 3:23pm:
And we trust Bill because he did his best for Cleanevent, Chiquita Mushrooms etc. /sarc The fact the unions got more money/members and the workers lost was totally immaterial. Bill is the one making the promises isn't he? |
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Title: Re: Labor wants death taxes. Post by crocodile on Feb 11th, 2019 at 3:42pm Dsmithy70 wrote on Feb 11th, 2019 at 2:55pm:
Non dependant beneficiaries of super funds upon the death of the superannuant pay tax on the proceeds. https://www.ato.gov.au/super/apra-regulated-funds/paying-benefits/paying-superannuation-death-benefits/ Substantial contributions would need to have been made in order to preserve the principal. Contributions above the cap ( $25000 ) do not receive the concessional rate. Incomes above $300,000 also have separate tax rates. https://www.ato.gov.au/individuals/super/growing-your-super/adding-to-your-super/tax-on-contributions/ The amount of ignorance on this topic is breathtaking. Bullshit Bill has all the punters convinced he's doing us all a big favour while at the same time putting his hands in your pocket. |
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Title: Re: Labor wants death taxes. Post by philperth2010 on Feb 11th, 2019 at 3:52pm Bobby. wrote on Feb 11th, 2019 at 3:28pm:
I doubt it....Labor have said they will not introduce a death tax....Until you can point to a Labor policy that actually exists I call bullshit on you opinion!!! ::) ::) ::) |
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Title: Re: Labor wants death taxes. Post by Violet Crumble on Feb 11th, 2019 at 4:33pm philperth2010 wrote on Feb 11th, 2019 at 3:52pm:
Don't be naive ... as Peter Garrett said ... Quote:
Where's there smoke, there's fire. ;) |
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Title: Re: Labor wants death taxes. Post by Dnarever on Feb 11th, 2019 at 6:38pm Violet Crumble wrote on Feb 11th, 2019 at 4:33pm:
What seat is Garrett standing in ? It was a stupid thing for him to say. Especially considering how little Liberal promises mean and how much better Labor are in this area. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 11th, 2019 at 7:14pm lee wrote on Feb 11th, 2019 at 3:34pm:
Poor Phil - doesn't he realise - communists are hiding everywhere - in unions, in the Labor Party and even right here on Ozpolitic. |
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Title: Re: Labor wants death taxes. Post by John Smith on Feb 11th, 2019 at 7:17pm
did you check under your bed goober?
:D :D |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 11th, 2019 at 7:20pm John Smith wrote on Feb 11th, 2019 at 7:17pm:
Don't call me goober - you little pansy. Show a bit of respect - I'm Bobby. |
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Title: Re: Labor wants death taxes. Post by lee on Feb 11th, 2019 at 7:22pm John Smith wrote on Feb 11th, 2019 at 7:17pm:
Poor JS. Thinks he is a wit. Unfortunately he is only half right. |
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Title: Re: Labor wants death taxes. Post by Dnarever on Feb 11th, 2019 at 7:30pm Bobby. wrote on Feb 11th, 2019 at 7:14pm:
The last Communist to stand for election in Australia 2010 received about 600 votes 0.83% of the vote. Anybody panicking about Communists in Australia has a bit of a problem. They are very very rare, most suburbs don't have even one of them. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 11th, 2019 at 7:44pm Dnarever wrote on Feb 11th, 2019 at 7:30pm:
This is about normal everyday Australians who will have to sell the family home to pay a new tax. It's about the loss of property under a communist ideology. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 11th, 2019 at 7:48pm
I know a family that will get ripped to pieces by this -
their father died and the 3 "children" could never get more than a few part time jobs between them so never managed to get on the property ladder. That's where they live as adults with their aging mother. If they have to sell the house when their mother dies it will destroy them. Thanks Labor. |
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Title: Re: Labor wants death taxes. Post by Dnarever on Feb 11th, 2019 at 9:14pm Bobby. wrote on Feb 11th, 2019 at 7:44pm:
No its about a load of BS that isn't going to happen. there isn't 0.83% Communists under your bed it is just another unfounded scare campaign. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 11th, 2019 at 10:22pm Dnarever wrote on Feb 11th, 2019 at 9:14pm:
The unions are a major force behind the Labor policy. In many ways the Labor party are puppets of the unions. It's true that there has been a rise in part time jobs under the Tories which is bad. Battlers need full time jobs. I don't like either major party - none stand up for what I want. They do their own thing - have their own ideas about what's good for us. They never ask us for what we want unless it's poofter marriage - no voting referendum on immigration numbers etc. ( even though they could have easily made it part of the upcoming election ) They give us the illusion of choice but really - there is no choice. |
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Title: Re: Labor wants death taxes. Post by crocodile on Feb 11th, 2019 at 10:24pm Bobby. wrote on Feb 11th, 2019 at 7:20pm:
Goober |
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Title: Re: Labor wants death taxes. Post by Ye Grappler on Feb 11th, 2019 at 10:51pm
Chris Bowen said Labor was not considering death taxes... take that as you wish... after all - his lips WERE moving at the time....
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 12th, 2019 at 2:13pm Sir Grappler Truth Teller OAM wrote on Feb 11th, 2019 at 10:51pm:
I am very cynical about politicians. I just hope that there are enough independents to block any crazy legislation in the Senate - especially if it's going to make battlers sell the family home to pay a robbery tax. |
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Title: Re: Labor wants death taxes. Post by philperth2010 on Feb 12th, 2019 at 2:16pm Bobby. wrote on Feb 12th, 2019 at 2:13pm:
When it doesn't happen will you apologize for doing the politicians dirty work for them and hyping up bullshit....You are no better than those you condemn??? ::) ::) ::) |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 12th, 2019 at 2:17pm philperth2010 wrote on Feb 12th, 2019 at 2:16pm:
If it doesn't happen I will apologise. You must apologise if does happen. |
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Title: Re: Labor wants death taxes. Post by John Smith on Feb 12th, 2019 at 2:19pm Bobby. wrote on Feb 12th, 2019 at 2:17pm:
bullshit. In a few years time you'll deny you ever said it. :D :D |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 12th, 2019 at 2:20pm John Smith wrote on Feb 12th, 2019 at 2:19pm:
This thread will be here forever. |
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Title: Re: Labor wants death taxes. Post by John Smith on Feb 12th, 2019 at 2:21pm Bobby. wrote on Feb 12th, 2019 at 2:20pm:
but people aren't going to go back through years of threads just to prove you're a lying scumbag. |
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Title: Re: Labor wants death taxes. Post by Dnarever on Feb 12th, 2019 at 2:27pm Bobby. wrote on Feb 11th, 2019 at 10:22pm:
Labor have been strongly opposed to death taxes for over 50 years. Nothing has changed. |
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Title: Re: Labor wants death taxes. Post by greggerypeccary on Feb 12th, 2019 at 2:36pm Bobby. wrote on Feb 11th, 2019 at 7:44pm:
Why would they have to sell the family home? |
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Title: Re: Labor wants death taxes. Post by Sir Spot of Borg on Feb 12th, 2019 at 2:50pm
theres no family home to sell since the govt took it when the old person went in a nursing facility
Spot |
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Title: Re: Labor wants death taxes. Post by White Dove on Feb 12th, 2019 at 3:59pm lee wrote on Feb 10th, 2019 at 2:22pm:
The Parliamentarians are paid by the taxpayer, i.e. you and me. It is OUR money they are wanting to piss up against the wall. Remember that. |
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Title: Re: Labor wants death taxes. Post by greggerypeccary on Feb 12th, 2019 at 4:03pm White Dove wrote on Feb 12th, 2019 at 3:59pm:
:-/ Pissed up against the wall - how? |
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Title: Re: Labor wants death taxes. Post by Dnarever on Feb 12th, 2019 at 8:24pm greggerypeccary wrote on Feb 12th, 2019 at 4:03pm:
Depends on if it is the male or female employees ? Easy for one but fairly difficult for the other. May be the reason that the Liberals refuse to select female members. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 12th, 2019 at 8:28pm greggerypeccary wrote on Feb 12th, 2019 at 2:36pm:
Read the highlighted part. Did you drop out of school when you were 12? |
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Title: Re: Labor wants death taxes. Post by Ye Grappler on Feb 12th, 2019 at 8:35pm
.. and another lie has been let loose upon the land to startle a flock of sheep called the people...
Labor has said they are NOT considering death taxes - that doesn't mean they will not.... |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 13th, 2019 at 5:17am Sir Grappler Truth Teller OAM wrote on Feb 12th, 2019 at 8:35pm:
Labor are shameless grave robbers. Don't worry - I have a feeling there will be enough independents to vote this legislation down in the Senate. Many voters want nothing to do with the unrepresentative main parties. |
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Title: Re: Labor wants death taxes. Post by Ye Grappler on Feb 13th, 2019 at 9:17am Bobby. wrote on Feb 13th, 2019 at 5:17am:
It isn't proposed legislation, Bobby - Labor has said they have no such plans. That doesn't mean they won't ... but they're only after the Fat Bastards.. which we all know is 'unfair' so it will be broadened to All Bastards... |
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Title: Re: Labor wants death taxes. Post by greggerypeccary on Feb 13th, 2019 at 9:28am Bobby. wrote on Feb 12th, 2019 at 8:28pm:
Try to focus, Gobby. Why are they paying a new tax? Is it because they've received something? |
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Title: Re: Labor wants death taxes. Post by greggerypeccary on Feb 13th, 2019 at 9:30am Bobby. wrote on Feb 13th, 2019 at 5:17am:
What legislation? Do you have a link to the bill? |
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Title: Re: Labor wants death taxes. Post by Bam on Feb 13th, 2019 at 9:53am Bobby. wrote on Feb 10th, 2019 at 6:41pm:
It already is "taxed again": council rates, land tax, stamp duty, GST... |
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Title: Re: Labor wants death taxes. Post by Bam on Feb 13th, 2019 at 9:55am Bobby. wrote on Feb 11th, 2019 at 7:44pm:
Please provide a link to an actual proposal where this would apply. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 13th, 2019 at 11:42am Bam wrote on Feb 13th, 2019 at 9:53am:
Then it's even worse. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 13th, 2019 at 11:43am Bam wrote on Feb 13th, 2019 at 9:55am:
See the opening post. |
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Title: Re: Labor wants death taxes. Post by greggerypeccary on Feb 13th, 2019 at 11:53am Bobby. wrote on Feb 13th, 2019 at 11:43am:
There's no proposal in the OP. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 13th, 2019 at 2:48pm
The fact is -
you can't trust the main parties. None of them wanted to include other questions e.g. around immigration numbers etc along with that poofter referendum they had. They could have had questions tacked on to the election voting forms in a few months - but they didn't. When will everyone understand that the main parties don't care what we want? They do their own thing and bugger us. |
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Title: Re: Labor wants death taxes. Post by Dnarever on Feb 13th, 2019 at 7:09pm Bobby. wrote on Feb 13th, 2019 at 2:48pm:
Your arguments do not support the contention that Labor want death taxes when Labor have been clearly and vocally against death taxes for over 50 years. Yes the main parties don't care what we want. It does not follow that they support death Taxes and if it does why point to Labor and not the Liberals who do love a good tax or three. |
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Title: Re: Labor wants death taxes. Post by Bobby. on Feb 13th, 2019 at 7:13pm Dnarever wrote on Feb 13th, 2019 at 7:09pm:
Of course Labor wants a death tax. The opening post proves it. Labor won't mention it during the election campaign - it will happen after they win. The Libbos probably want one too. I don't trust any of those slimy crooks in parliament - they are all much worse then used car dealers. |
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Title: Re: Labor wants death taxes. Post by stunspore on Feb 13th, 2019 at 8:27pm
Let coalition have their lies. They are overflowing with it, what's another one or two.
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Title: Re: Labor wants death taxes. Post by Bam on Feb 14th, 2019 at 10:10am Bobby. wrote on Feb 13th, 2019 at 7:13pm:
The opening post proves nothing of the sort. Where does it specifically say that the Australian Labor Party will propose this? Nowhere. You've conflated the ACTU with the ALP and this is incorrect. Bobby. wrote on Feb 13th, 2019 at 11:43am:
Again, the opening post does not state this. Your arguments are fallacious. You're doing a lot of jumping to conclusions, based on nothing but a photo from "a website". Not even a link to the original article. Unsupported conclusions based on weak evidence is not at all credible. |
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