Australian Politics Forum - Labor wants death taxes.

Bobby.

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Re: Labor wants death taxes.
Reply #45 - Feb 10^th, 2019 at 6:03pm

philperth2010 wrote on Feb 10^th, 2019 at 5:58pm:

What did Labor say about the tax policy proposed by the ACTU???

Quote:

Asked if Labor would consider an inheritance tax, Mr Shorten referred the question to shadow treasurer Chris Bowen, whose spokesman said: “Labor has no plans for an inheritance tax.”

https://outline.com/VmgvcS

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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Aussie

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Re: Labor wants death taxes.
Reply #46 - Feb 10^th, 2019 at 6:15pm

Bobby. wrote on Feb 10^th, 2019 at 6:03pm:

philperth2010 wrote on Feb 10^th, 2019 at 5:58pm:

What did Labor say about the tax policy proposed by the ACTU???

Quote:

Asked if Labor would consider an inheritance tax, Mr Shorten referred the question to shadow treasurer Chris Bowen, whose spokesman said: “Labor has no plans for an inheritance tax.”

https://outline.com/VmgvcS

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.

Yes, Hayseed could always be relied upon, no doubt about it. Yay Hayseed, the honest politician or is that 'lying rodent?'

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John Smith Gold Member Offline Australian Politics Posts: 78083 Gender:	Re: Labor wants death taxes. Reply #47 - Feb 10^th, 2019 at 6:23pm Bobby. wrote on Feb 10^th, 2019 at 6:03pm: I want it engraved in granite on a stone in front of parliament saying: I'll engrave it on your tombstone for you.
Back to top	Our esteemed leader: I hope that bitch who was running their brothels for them gets raped with a cactus. IP Logged

Bobby. Gold Member Offline Australian Politics Posts: 114466 Melbourne Gender:	Re: Labor wants death taxes. Reply #48 - Feb 10^th, 2019 at 6:31pm John Smith wrote on Feb 10^th, 2019 at 6:23pm: Bobby. wrote on Feb 10^th, 2019 at 6:03pm: I want it engraved in granite on a stone in front of parliament saying: I'll engrave it on your tombstone for you. That's a very dark thought John, forgiven namaste
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Bobby.

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Re: Labor wants death taxes.
Reply #49 - Feb 10^th, 2019 at 6:35pm

Aussie wrote on Feb 10^th, 2019 at 6:15pm:

Bobby. wrote on Feb 10^th, 2019 at 6:03pm:

philperth2010 wrote on Feb 10^th, 2019 at 5:58pm:

What did Labor say about the tax policy proposed by the ACTU???

Quote:

Asked if Labor would consider an inheritance tax, Mr Shorten referred the question to shadow treasurer Chris Bowen, whose spokesman said: “Labor has no plans for an inheritance tax.”

https://outline.com/VmgvcS

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.

Yes, Hayseed could always be relied upon, no doubt about it. Yay Hayseed, the honest politician or is that 'lying rodent?'

Good one Aussie - now for JuLiar -

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philperth2010

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Re: Labor wants death taxes.
Reply #50 - Feb 10^th, 2019 at 6:36pm

Bobby. wrote on Feb 10^th, 2019 at 6:03pm:

philperth2010 wrote on Feb 10^th, 2019 at 5:58pm:

What did Labor say about the tax policy proposed by the ACTU???

Quote:

Asked if Labor would consider an inheritance tax, Mr Shorten referred the question to shadow treasurer Chris Bowen, whose spokesman said: “Labor has no plans for an inheritance tax.”

https://outline.com/VmgvcS

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.

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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If knowledge can create problems, it is not through ignorance that we can solve them.
Isaac Asimov (1920 - 1992)

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Setanta

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Re: Labor wants death taxes.
Reply #51 - Feb 10^th, 2019 at 6:37pm

Bobby. wrote on Feb 10^th, 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?

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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stunspore Gold Member Offline Australian Politics Posts: 5097 Gender:	Re: Labor wants death taxes. Reply #52 - Feb 10^th, 2019 at 6:41pm Another Lib Fib. It will get lost over the other fibs though.
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Bobby.

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Re: Labor wants death taxes.
Reply #53 - Feb 10^th, 2019 at 6:41pm

Setanta wrote on Feb 10^th, 2019 at 6:37pm:

Bobby. wrote on Feb 10^th, 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?

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.

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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Bobby.

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Re: Labor wants death taxes.
Reply #54 - Feb 10^th, 2019 at 6:42pm

philperth2010 wrote on Feb 10^th, 2019 at 6:36pm:

Bobby. wrote on Feb 10^th, 2019 at 6:03pm:

philperth2010 wrote on Feb 10^th, 2019 at 5:58pm:

What did Labor say about the tax policy proposed by the ACTU???

Quote:

Asked if Labor would consider an inheritance tax, Mr Shorten referred the question to shadow treasurer Chris Bowen, whose spokesman said: “Labor has no plans for an inheritance tax.”

https://outline.com/VmgvcS

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.

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!!!

I trust Bill Shorten too. Embarrassed

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Gordon Gold Member Offline Australian Politics Posts: 21410 Gordon Gender:	Re: Labor wants death taxes. Reply #55 - Feb 10^th, 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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Setanta

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Re: Labor wants death taxes.
Reply #56 - Feb 10^th, 2019 at 6:54pm

Bobby. wrote on Feb 10^th, 2019 at 6:41pm:

Setanta wrote on Feb 10^th, 2019 at 6:37pm:

Bobby. wrote on Feb 10^th, 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?

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.

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.

Does he? Are you taxed on gifts of large amounts of money that has already been taxed?

Quote:

rewards or small gifts such as cash birthday presents (however, gifts may be taxable if they are large amounts
https://www.ato.gov.au/individuals/income-and-deductions/income-you-must-declare...

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lee

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Re: Labor wants death taxes.
Reply #57 - Feb 10^th, 2019 at 7:10pm

Setanta wrote on Feb 10^th, 2019 at 6:54pm:

Quote:
rewards or small gifts such as cash birthday presents (however, gifts may be taxable if they are large amounts
https://www.ato.gov.au/individuals/income-and-deductions/income-you-must-declare...

" 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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Its time Gold Member Offline Boot libs out Posts: 25639 Gender:	Re: Labor wants death taxes. Reply #58 - Feb 10^th, 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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