marinermick
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Coming to Bay 16 Soon
Posts: 8,657
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tax cut
May 10, 2006 9:56:30 GMT 10
Post by marinermick on May 10, 2006 9:56:30 GMT 10
I am so delighted that I am getting an extra $9.81 a week after last night's budget..
That should eat away about 10% of the extra money I have to pay with the interest rate rise, the rise in petrol prices and the sharp rise in grocery prices.
That $9.81 has so convinced me to vote liberal at the next election.
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tax cut
May 10, 2006 10:05:38 GMT 10
Post by Bearinator on May 10, 2006 10:05:38 GMT 10
lol your a funny man mick. Its is a bit of a laugh tho innit.
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tax cut
May 10, 2006 10:20:42 GMT 10
Post by dibo (pron. "DIB-OH") on May 10, 2006 10:20:42 GMT 10
I am so delighted that I am getting an extra $9.81 a week after last night's budget.. That should eat away about 10% of the extra money I have to pay with the interest rate rise, the rise in petrol prices and the sharp rise in grocery prices. That $9.81 has so convinced me to vote liberal at the next election. especially when my boss is getting many times that a week. he's now wondering why he didn't vote for the other side... ;D worse still is the fact that a single income family on $100k will be $52 a week better off on july 1 and a double income family (which is far more common, and they're the people who are really up against it with higher petrol and childcare costs starting to bite in a big way) gets only $19.62.
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striker 9
Local league player
best striker ever!
Posts: 58
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tax cut
May 10, 2006 10:41:38 GMT 10
Post by striker 9 on May 10, 2006 10:41:38 GMT 10
I am so delighted that I am getting an extra $9.81 a week after last night's budget.. That should eat away about 10% of the extra money I have to pay with the interest rate rise, the rise in petrol prices and the sharp rise in grocery prices. That $9.81 has so convinced me to vote liberal at the next election. especially when my boss is getting many times that a week. he's now wondering why he didn't vote for the other side... ;D worse still is the fact that a single income family on $100k will be $52 a week better off on july 1 and a double income family (which is far more common, and they're the people who are really up against it with higher petrol and childcare costs starting to bite in a big way) gets only $19.62. dibo - did you expect any different from the scumbags Costello & Howard ?
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tax cut
May 10, 2006 11:09:12 GMT 10
Post by blackadder on May 10, 2006 11:09:12 GMT 10
Add to that no planning for the future, in terms of alternative energy development, encouraging University studying etc. And while we are going through a resources boom, it isn't much good if you don't have the infrastructure in place to take advantage of it.
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tax cut
May 10, 2006 18:07:08 GMT 10
Post by Pollock on May 10, 2006 18:07:08 GMT 10
$9.81....hmmm i think that just means 3 more beers at the grange over the weekend.... Actually it wouldn't even cover that....Make it 2 beers and a packet of chips with 50c change.
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marinermick
Moderator
Coming to Bay 16 Soon
Posts: 8,657
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tax cut
May 11, 2006 9:45:55 GMT 10
Post by marinermick on May 11, 2006 9:45:55 GMT 10
$9.81....hmmm i think that just means 3 more beers at the grange over the weekend.... Actually it wouldn't even cover that....Make it 2 beers and a packet of chips with 50c change. you know your beer and chip prices!
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tax cut
May 11, 2006 9:48:58 GMT 10
Post by dibo (pron. "DIB-OH") on May 11, 2006 9:48:58 GMT 10
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marinermick
Moderator
Coming to Bay 16 Soon
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tax cut
May 11, 2006 10:05:00 GMT 10
Post by marinermick on May 11, 2006 10:05:00 GMT 10
given that i have two mortgages any rate rise will be far and beyond the $10 in tax cuts i cannot believe how much this government has f***ed me over in many areas in the last year
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tax cut
May 11, 2006 10:20:21 GMT 10
Post by dibo (pron. "DIB-OH") on May 11, 2006 10:20:21 GMT 10
if the rate rise comes, it will be the 7th one since there was a rate cut. rates have risen steadily since december 2001, making a mockery of certain promises that were made. i.e: keep interest rates at record lows... given that the size of the average mortgage has boomed, property is now less affordable than at any time since the recession.
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tax cut
May 11, 2006 10:56:03 GMT 10
Post by Penrith9103 on May 11, 2006 10:56:03 GMT 10
Would you expect anything less from a government that always favours the rich ?? Bloody Nazi's !!!!
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tax cut
May 11, 2006 11:55:18 GMT 10
Post by blackadder on May 11, 2006 11:55:18 GMT 10
No surprise another Rates rise is on the cards, if you put more money into the economy, of course the RBA are going to limit the growth. Anyone that did High School economics could tell you that.
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marinermick
Moderator
Coming to Bay 16 Soon
Posts: 8,657
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tax cut
May 11, 2006 12:00:36 GMT 10
Post by marinermick on May 11, 2006 12:00:36 GMT 10
No surprise another Rates rise is on the cards, if you put more money into the economy, of course the RBA are going to limit the growth. Anyone that did High School economics could tell you that. S+T+M=I+G+X economics 101 at uni also introduces you to the "crowding out" effect where an increase in government spending can squeeze out private investment
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tax cut
May 11, 2006 12:37:20 GMT 10
Post by dibo (pron. "DIB-OH") on May 11, 2006 12:37:20 GMT 10
the problem is the nature of the growth too - export earnings arent enough to cover the debt fuelled bonanza of domestic consumption, so we've got a record current account deficit in spite of the currency and terms of trade being at massive highs.
a few things can happen here to correct the situation - the RBA can raise rates to encourage people to perhaps keep the cash in their pockets and pay off some debt rather than grow it - the currency can move downwards rapidly to the same effect (pushing CPI up as well due to the price of imports and especially petrol booming, and forcing a rate rise) - we can improve productive capacity through boosting exports to rebalance the CAD
the first is happening because the third isn't, and more and more economists are starting to worry that the second is going to happen soon, and violently - markets don't tend to 'only slightly' notice booming foreign debts and current account deficits, they ignore them for a while and then pull out the thumbscrews. without a little bit of planning and foresight, we could be well f***ed. bit-part tax cuts and a superannuation tweak won't cut it - skills, education, infrastructure is where it's at.
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tax cut
May 11, 2006 18:39:48 GMT 10
Post by SIMON OUFC35 on May 11, 2006 18:39:48 GMT 10
didn't relize this was the labor party home page..........
i'll take any cent i can have, i don't get to spend money any way as i'm too busy and my company car means i don't really care about petrol prices.
maybe i'm one of those alleged "rich bastards" that keep getting looked after.
what is rich anyway?
the more you earn (the harder you work) the higher percentage of tax you pay, i for one am glad that the personal rates are being bought down each year. it should be the higher rates that are bought down - because they are higher......
any factor that puts more money into the economy also produces for revenue for the government (gst) and this allow greater funds for "investment in the future" in the future. patience my lads, i'm sure they have a plan for appropriate spending as the next election draws near.
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tax cut
May 11, 2006 18:43:32 GMT 10
Post by Pollock on May 11, 2006 18:43:32 GMT 10
$9.81....hmmm i think that just means 3 more beers at the grange over the weekend.... Actually it wouldn't even cover that....Make it 2 beers and a packet of chips with 50c change. you know your beer and chip prices! U expected les off me....Thats the friday night special at the pub on friday for the first shout
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marinermick
Moderator
Coming to Bay 16 Soon
Posts: 8,657
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tax cut
May 12, 2006 9:41:00 GMT 10
Post by marinermick on May 12, 2006 9:41:00 GMT 10
the more you earn (the harder you work) the higher percentage of tax you pay it's called living in a caring society where we look after our fellow australians who are more misfortunate than us
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tax cut
May 12, 2006 12:21:47 GMT 10
Post by dibo (pron. "DIB-OH") on May 12, 2006 12:21:47 GMT 10
didn't relize this was the labor party home page.......... nah, you're looking for www.alp.org.au! ;D i'll take any cent i can have, i don't get to spend money any way as i'm too busy and my company car means i don't really care about petrol prices. fair enough - i don't think anyone's going to have a go at you for that. maybe i'm one of those alleged "rich bastards" that keep getting looked after. what is rich anyway? given that there is a tiny minority of the working population (we're talking 2% or so, perhaps less) that earns the top rate then they can be considered rich without stretching the definition too hard. nobody's going to argue against the propositon that the bottom 2% are poor, after all. the more you earn (the harder you work) the higher percentage of tax you pay, i for one am glad that the personal rates are being bought down each year. it should be the higher rates that are bought down - because they are higher...... tax cuts per se don't bother me too much so long as we can still afford the stuff we need to pay for - health, education etc. i'm not opposed to them. what i am opposed to is handing out the vast majority to the top end when there are many families on average incomes who are wondering where the next mortgage payment is coming from. the ones who do sit at the kitchen table and wonder how to get the numbers to add up. the ones who get only 20 or 30 cents in the dollar for their efforts when they do a bit of overtime to cover a bill, or a doctor's visit, or the school fees. they're the ones who should be getting the tax cut. any factor that puts more money into the economy also produces for revenue for the government (gst) and this allow greater funds for "investment in the future" in the future. patience my lads, i'm sure they have a plan for appropriate spending as the next election draws near. the sums don't add up. the government gets 10%, not the full dollar. but that's not the point. the economy is already overheated and unbalanced. we've got jobs growth and wages growth and debt growth that dwarfs the lot.
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tax cut
May 12, 2006 15:21:30 GMT 10
Post by SIMON OUFC35 on May 12, 2006 15:21:30 GMT 10
"given that there is a tiny minority of the working population (we're talking 2% or so, perhaps less) that earns the top rate then they can be considered rich without stretching the definition too hard. nobody's going to argue against the propositon that the bottom 2% are poor, after all."
well i happen to fall into that "2%" at the "top end" and i can asure you that i am not rich. you only have to know me to know that.
lets take a look. 2 mortagages - while i live in a tiny little house my tennants live in a 40 square master piece in melbourne for a fraction of the cost that it takes me to pay for it and up keep it to their desires
i have a wife and 3 kids.
i pay child support for another of my kids and incure all costs in getting to see him.
i pay for 2 little african kids in thru world vision.
whilst i don't personally want for much (except time with my family) i'm certainly not off swanning around the world on luxury holidays.
it's very easy for people in general to believe that people who earen more than they do are rich and should there fore carry the burden financially for all of those who are not. people unfortunately tend to want to blame other people for their personal circumstances (it's human nature as it is easier to do that then look at themselves), there is nothing in Australia that prevents any person from becoming who or what they want to be (unlike in other countries) or earning what ever amount they desire - it just takes a change of thought and an effort unlike that which most people are prepared to take.
As for the "2%" of poor - mate i've been to africa and hitch hiked around some very off the track places and i have seen the REAL POOR. i can asure you that their are no "poor" people in this country.
i'm not having a go at anyone or their politics here - i'm just expressing a thought that the often "politically silent" people think but don't bother to express as it can be seen as "not caring"
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tax cut
May 12, 2006 16:31:08 GMT 10
Post by dibo (pron. "DIB-OH") on May 12, 2006 16:31:08 GMT 10
i don't think it's fair to hand out tax cuts of something like $450 a week (the equivalent of a childcare worker's entire wage) to millionaires while average workers (the millions of them out there that are on incomes between 35 and 65k p/a) get $10. life can't be so much harder for millionaires that they deserve that much more in a tax cut.
millionaires actually get a proportionally bigger tax cut than people on the average income.
and the millionaires might face a 45% tax marginal rate (not likely, as they pay through the nose for tax dodges). the average income earner with a family pays 30% marginal tax rate plus loses family benefits at the rate of 30% plus for every extra dollar to wind up with an effective marginal tax rate of over 60%. that's the tax rate that needs cutting, not the one for the 2%.
the whole system need rejigging, because it's unfair and it's unbalanced. when we have a system where we're sending the biggest tax cuts to the people on triple the average earnings while average families get squat, then something is seriously wrong. it's hardly like average working families aren't up against it with petrol, interest rates, school fees, private health...
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