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Meet The Millionaires Paying No Tax (Read 4319 times)
hawil
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Re: Meet The Millionaires Paying No Tax
Reply #45 - Mar 22nd, 2016 at 1:55pm
 
miketrees wrote on Mar 22nd, 2016 at 6:40am:
If you give enough to registered charities you wont pay either

a rich Australian retiree does not have to pay tax either, as I have posted before.

In 2007 the then Prime Minister John Howard introduced the tax-free super for the over sixties, if the super income comes from a so-called taxed fund.
As a result :

This is how the retirees are treated in Australia.
Retiree: 1)
Worked for 45 years and paid taxes, but did not accumulate enough assets to be completely independent of the age-pension. For every dollar of extra income for him and his wife above $6,500, the couple loses $0.50 of age pension, and if their income exceeds $45,000 per annum, the couple will pay tax of $0.315 in the dollar including medicare levy, leaving them with an income of $0.185 from every dollar extra income. For the defined benefit income a 10% tax-offset applies if paid from an Australian super fund, but not if the income comes from an overseas fund.
Retiree 2)
Has accumulated assets of $1.5million,mostly with huge tax concessions, and the assets are in a so-called taxed Self Managed Super Fund. To be very conservative, the assets are in a term deposit earning 7.0% income of $122,500 per annum and even if the retiree is single, he/she will not pay a cent of tax.
Now if the assets are in fully franked shares, like banks, and return $100,000 worth of franked dividends, he/she will again pay no tax on the dividend, and the government will send him/her a cheque of $30,000 for the franking credits.
Should the assets of these retirees fall below a certain level, they will be entitled to the age pension as anyone else, therefore why does the government provides the rich retirees with such huge tax concessions, while punishing the retirees at the lower income scale with the punitive means-test of the age pension?
Retiree 3)
Is an ex-politician or highly paid public servant, in receipt of a defined benefit pension of $100,000, on which he/she will have to pay tax, but he/she gets a 10% tax offset, which equals $10,000 after reaching retirement age, but before retiring, the public servant can establish a SMSF and contribute into it extra with tax concessions if the $25,000 total for under fifty and $50,000, if over fifty is not exceeded and in addition he/she can contribute $150,000 from after tax income, and the earnings from the SMSF will only attract 15% tax, and when the person reaches the age of 60 even the income will be completely tax-free for the SMSF.
Retiree’s 2) are well represented by the media and the super industry, as well as the Unions, and retiree’s 3) are represented by the government, and ironically by the leadership of various retiree Associations, like ACPSRO and its affiliated Associations,Acoss,COTA, but who represents retiree’s 1) the part- pensioners who are being robbed of a decent standard of living in retirement by the means-test of the age pension.
What is the fairest solution; scrap the mean test of the age pension and scrap all tax concessions for super.
Will the government change anything, as long as the above mentioned Associations support the government; never.
.
Is there any other country which treats its citizens in such a discriminatory manner?
I would like to refer you to two recent articles;
1st) AFR ,Dec 8-9. 2012 by Brian Toohey, “Compulsory super makes little sense.
2nd)AFR 13.Feb 2013 by Alison Kahler, “Don’t put super over the national good.
3rd) AFR 21.March “Call to scale back super tax breaks” by Sally Patten.
Recently there was a lot written about changes in super, which now seems to have disappeared, because the super industry and the Unions seem to be secure that the government will not make any drastic changes to the tax concessions for super.
Last year, a record number of Australians travelled to other countries, a drain on the Australian economy, and many of the travellers were probably self-funded retirees, who benefit enormously from the tax concessions for super.

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Re: Meet The Millionaires Paying No Tax
Reply #46 - Mar 22nd, 2016 at 2:19pm
 
Quote:
List of horse accidents
From Wikipedia, the free encyclopedia

This is a list of people and fictional characters who had severe injuries, or died from accidents related to horses. Some of the listed accidents had important political and historical consequences, which are given when relevant.   Sad



Celebrities   Sad

    Holbrook Blinn (1872-1928), Broadway stage star & silent screen actor, died from injuries in an accident on the grounds of his estate.
    Maureen Connolly (1934-1969), tennis star, career ended in 1954 by injuries suffered in a collision between her horse and a truck.
    Malcolm Baldrige (1922 – 1987), American politician and United States Secretary of Commerce from 1981 until his death in 1987, from internal injuries sustained in a rodeo accident, when the horse he was riding fell on him during a calf-roping competition.
    Roy Kinnear (1934-1988), British character actor, bled to death due to a broken pelvis sustained in a fall from a horse.
    Cole Porter (June 9, 1891 – October 15, 1964) American composer and songwriter. In a 1937 riding accident his legs were crushed leaving him in chronic pain, largely crippled. (According to a biography by William McBrien and oral history by Brendan Gill.) His right leg was amputated in 1958 as a result of the injury.
    Christopher Reeve (1952-2004), actor, paralyzed on May 27, 1995 from the neck down following a fall from his horse while riding cross-country in a 3-day event.
    Kazu Makino In 2002 the singer suffered an accident falling from a horse; in the accident, the horse trampled her jaw and crushed her facial bones, which required massive reconstructive surgery

Historical figures   Sad

    According to this legend, romanticised by Alexander Pushkin in his celebrated ballad "The Song of the Wise Oleg," it was prophesied by the pagan priests that Oleg of Novgorod (? - 912) would take death from his stallion. Proud of his own foretelling abilities, he sent the horse away. Many years later he asked where his horse was, and was told it had died. He asked to see the remains and was taken to the place where the bones lay. When he touched the horse's skull with his boot a snake slithered from the skull and bit him. Oleg died, thus fulfilling the prophecy.
    King Afonso I of Portugal (1109-1185), was severely injured in a fall from a horse in 1167 during a battle; he was captured and as ransom, Portugal had to surrender to Castile all conquests made in Galicia in the previous years; they were never again recovered.
    Afonso, Prince of Portugal (b. 1475) died in 1491 during a ride near the Tagus river.
    King Alexander III of Scotland, d. 1286, when he and his horse went off the road in the dark, and fell over a cliff; the long term outcome was increased English influence and the First Scottish War of Independence and the immediate result was a regency because heirs were underage or unborn.
    Al-Aziz Uthman - sultan of Egypt, died 1198
    Brian Faulkner, former Prime Minister of Northern Ireland
    Cambyses II, Persian king - died accidentally in 521 BC, according to Herodotus
    Eadgils, semi-legendary king of Sweden, split his skull when his horse stumbled and fell.
    Emily Davison, English suffragette, threw herself in front of the King's horse at the Derby in 1913 and was trampled to death.
    Enguerrand III, Lord of Coucy (c. 1182 – 1242), fell from his horse onto his sword and died.
    Francis II, Duke of Brittany ? d. 9 September 1488 from a horse riding accident.
    Frederick Augustus II of Saxony died in 1854, while on a journey in Brennbüchel, Karrösten, Tyrol, when he fell in front of a horse that stepped on his head
    Frederick I Barbarossa died in 1190 while crossing the Saleph River in Cilicia, south-eastern Anatolia. It is thought that he was thrown from his horse into the cold water and had a fatal heart attack as a result.
    Fulk of Jerusalem - fell from horse while hunting in 1143. His wooden saddle fell after him, striking him on the head, causing fatal injuries.
    Genghis Khan - d. 1227 from injuries resulting from a fall from a horse.
    Geoffrey Plantagenet, Duke of Brittany and son of Henry II of England, d. 19 August 1186 trampled to death by his horse during a tournament; with his death, Plantagenet rule of Brittany was weakened (son Arthur and daughter Eleanor were underage and in future imprisoned by uncle John I of England) - finally decades later, the duchy is passed by Philip II of France to the House of Dreux, descendants of Geoffrey's widow's other marriage.
    Geronimo (1829 – 1909), prominent leader of the Bedonkohe Apache who fought against Mexico and Texas for several decades during the Apache Wars. Geronimo was thrown from his horse while riding home and lay in the cold all night, contracting pneumonia, from which he died.
    Isabella of Aragon, wife of king Philip III of France - d. 1271 at 24 from a fall
    John I of Castile d. 9 October 1390, while riding in a fantasia with some of the light horsemen known as the farfanes
    John of Ibelin, the Old Lord of Beirut - d. 1236 after his horse fell on him and crushed him
    Leopold V of Austria, died 31 December 1194 after falling from his horse at a tournament in Graz.
    Louis II of Hungary - died at the Battle of Mohács in 1526 after falling from his horse.
   


Those horses were all lefty horses right aqua  Roll Eyes
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Re: Meet The Millionaires Paying No Tax
Reply #47 - Mar 22nd, 2016 at 2:22pm
 
Dont the girls tell you they have to nip off to bathroom and never come back aquaturd ?
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Re: Meet The Millionaires Paying No Tax
Reply #48 - Mar 22nd, 2016 at 3:12pm
 
i am not a reactive person leftwinger.
Sorry, i consider myself better then that.
One has to break free of social conditioning to accomplish anything in life.
Part of that unshackling is the realisation that the approval of other people counts for nothing.
As long as you are on course with your life, then there is nothing that anyone can give you that is of value, nothing by way of agreeing with you.
To try to get approval from social groupthink is very low consciousness. Wink Wink
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Re: Meet The Millionaires Paying No Tax
Reply #49 - Mar 22nd, 2016 at 3:22pm
 
aquascoot wrote on Mar 22nd, 2016 at 12:19pm:
longweekend58 wrote on Mar 22nd, 2016 at 12:10pm:
aquascoot wrote on Mar 22nd, 2016 at 11:06am:
Its time wrote on Mar 22nd, 2016 at 11:05am:
longweekend58 wrote on Mar 22nd, 2016 at 8:33am:
aquascoot wrote on Mar 22nd, 2016 at 8:13am:
macman wrote on Mar 22nd, 2016 at 7:30am:
I am saving up out of my dole to buy a horse. Your my hero Aqua. Grin Grin Grin


Horses will teach you much about business, relationships and mindfulness.
you cannot ride safely without mastering your emotions.
show fearfulness and bad things happen.

you cannot develop a good relationship with family friends or staff without having very good boundaries, very good assertiveness and absolute consistency.

it is almost impossible for someone on the dole, on grog or drugs , on the internet or social media , to progress in life. It just isnt going to happen.

People think that success is just something that happens to some people.
they think success in the workforce or success in a relationship is a matter of luck and that there isnt much they can do about it.

When the americans decided to try to 'successfully" go to the moon, did they just leave it to luck?
Did they just try to cobble something together?

They put enormous effort into studying working maths science , trying and failing and being very persistent.


This is how success is built....it is a conscious decision.

these rich guys not paying tax, have been "partially successful"

What often happens though is that successes can lead to loss of drive and then to ultimate failure.

In fact several books have been written on how success will lead to failure for most people.
one need only look at the way many rock stars lose their mojo once they become successful.

So my message to these rich guys would be to get back on track , maybe start a philanthropic pursuit and rekindle the fire that got them the success in the first place.  Dont just be focused on the $$. Your're better then that




shut up about horses.  concentrate on people and you might actually get a relationship with one


Grin


I have an excellent eco-system of good relationships.
inter-dependant relationships, not co-dependant. Wink



as I said... single.



in a mutually interdependant relationship with my beautiful lead mare  Wink




if you wanted to sound creepy and potentially illegal, thats the way to do it.
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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
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