| Author |
Message |
Nickel Quimada
TryHard
Western Australia
GT-T
Posts: 360
Reg: 04-2006
|
http://www.news.com.au/perthnow/story/0,21598,25002085-951,00.html |
Tim Ross
TryHard
Qld
V8 - NEED TCS BUTTON, pm if you have a spare thx
Posts: 451
Reg: 09-2007
|
yeah... great news... no means I have about 5 yrs of tax returns to do though to be eligible |
Bruce Passfield
TryHard
Qld
V8
Posts: 146
Reg: 09-2005
|
Nick, It's not Rudds money to give away. It's the poor bloody taxpayers money that he is tossing about. All this money will have to be repaid some way, and guess who will have to do it?? the poor bloody taxpayer !!AGAIN!!!. We are heading for hard times and no throwing the money around like a drunk'n sailor will help. The only people who will benefit will be the lower economic class (You know who I mean) . And these people will always vote labor because their vote has been brought. Unless money is spent on large capital works like in the last depression i.e. Snowy Mountain scheme and roads etc then it will be wasted, just like the last couple of billion was!!  |
Craig Webber
DieHard
Vic
TT and LS400
Posts: 726
Reg: 07-2005
|
Banks and greed .So make them fix the fccuuken sheit up.There the ones with all the money. |
Tim Ross
TryHard
Qld
V8 - NEED TCS BUTTON, pm if you have a spare thx
Posts: 452
Reg: 09-2007
|
Agreed on banks... they are a law unto themselves |
Bruce Passfield
TryHard
Qld
V8
Posts: 147
Reg: 09-2005
|
Remember who deregulated the Banks!! I think it was the same bloke who said "IT WAS THE RECESSION WE HAD TO HAVE". |
David Vaughan
Goo Roo
NSW
V8 Ltd manual
Posts: 4155
Reg: 07-2005
|
Bruce! I never realised you were in favour of socialism! 
Or are you more into the country party tradition of capitalising profits and socialising losses?
Craig, I thought banks had lost money rather than having it. That is part of the problem. They screwed up their risk analysis and the money people lent to others has been lost. |
Alan Chow
DieHard
Vic
GTT-L
Posts: 829
Reg: 12-2006
|
The money is meant to stimulate the economy. So do your part by spending it rather then saving it |
Steven Anderson
TryHard
NSW
UZZ31 Manual
Posts: 313
Reg: 05-2006
|
while its questionable weather the cash payments really do anything (time will tell) almost all people agree that the infrastructure spending is a good thing. It creates jobs and makes money flow. Exactly what we need. |
David Vaughan
Goo Roo
NSW
V8 Ltd manual
Posts: 4157
Reg: 07-2005
|
Questionable weather? Yes, it has been a bit humid lately, whether or not one considers that important. |
Bruce Passfield
TryHard
Qld
V8
Posts: 149
Reg: 09-2005
|
I have a dream David, were all people are really treated equal, (not given special treatment on the colour of their skin). And politicians will look to the future (not just to the next election). Politicians will act in the countries interest (Not in the interest of the most powerful faction). A fair days pay for a fair days work. And not giving houses, free health care and benefits to people who don't want to work. (Some families who have several generations who have not held down a job) yet expect a free ride. |
Ben Daniel
Goo Roo
WA
UZZ31 & JZA80
Posts: 1852
Reg: 03-2006
|
I voted for howard.... I bet most of those who voted for rudd wish they did the same. |
David Vaughan
Goo Roo
NSW
V8 Ltd manual
Posts: 4159
Reg: 07-2005
|
I could concur, but what is your initial justice position? Rawlesian or Propertied? That rather influences the outcomes for the rest of the dream. |
Bruce Passfield
TryHard
Qld
V8
Posts: 150
Reg: 09-2005
|
David, My justice position is "ROUGH BLOODY JUSTICE". |
David Vaughan
Goo Roo
NSW
V8 Ltd manual
Posts: 4161
Reg: 07-2005
|
Ah, we were so close to agreeing there. |
Tim Ross
TryHard
Qld
V8 - NEED TCS BUTTON, pm if you have a spare thx
Posts: 453
Reg: 09-2007
|
I voted Rudd... and I regret.
Seemed like such a good idea at the time.
Oh well... lets just consider this an ato refund on all the extra alcohol tax we are now paying |
Garion Gibson
Tinkerer
QLD
Soarer V8 GT
Posts: 57
Reg: 03-2008
|
How do you know if your eligible or not. I don't earn over $100 000. |
Miles Baker
Goo Roo
Vic
66 Mustang GT Convertible, 55 Chevy Bel Air, 69 Firebird 455
Posts: 1487
Reg: 08-2005
|
+30% depreciation on tangible assets purchased in the next 6 months. Benefits me, and is kinda sensible. Finally Rudd does at least one small thing right!
The rest is complete garbage of course. |
Nickel Quimada
TryHard
Western Australia
GT-T
Posts: 361
Reg: 04-2006
|
Gavin
$950 Tax Bonus for Working Australians
The Government will provide eligible taxpayers with a tax bonus payment of up to $950.
The bonus will be available to Australian resident taxpayers who paid net tax in the 2007-08 financial year.
Taxpayers will not need to apply for the payment. The Australian Taxation Office will make the payment to taxpayers after determining eligibility for the 2007-08 financial year.
Taxpayers must lodge their tax returns for the 2007-08 financial year by 30 June 2009 to be eligible.
This measure will benefit around 8.7 million taxpayers.
Questions and Answers
Who will be assisted?
Australian individuals who are residents for taxation purposes who have a net tax liability after considering their:
tax payable;
Medicare levy and Medicare levy surcharge;
less any offsets or imputation credits they received for the year.
The amounts of these elements are set out in the taxpayer's Notice of Assessment.
How much is the bonus?
A $950 bonus will be paid to taxpayers with taxable income up to and including $80,000.
A $650 bonus will be paid to taxpayers with income exceeding $80,000 to $90,000.
A $300 bonus will be paid to taxpayers with income exceeding $90,000 to and including $100,000.
When and how will it be paid?
Payments will begin being made from early April 2009 for those who have lodged a 2007-08 tax return.
Taxpayers will not need to apply for the payment. The Australian Taxation Office will make the payment to taxpayers after determining eligibility for the 2007-08 financial year. The vast majority of taxpayers have already lodged their tax returns.
Taxpayers who have not already lodged their 2007-08 income tax return should do so by the end of June 2009 to obtain the bonus.
The bonus will be a direct payment to taxpayers including through electronic transfer or cheque. The bonus will not be used to offset a taxpayer's tax liability. |
Aaron Mead
Goo Roo
NT
Celsior 1UZ-FE Mines, JZZ30 1.5JZ-GTE To4z
Posts: 2135
Reg: 03-2006
|
Well, I am extremely happy with Rudds performance. The package is important. We are short of tax receipts by close to 150bn. So thats a *bit* of a defecit.
Why are we short of this tax? Because there is less money being loaned, which means less being invested less being built, less people being employed to build it, less profits to tax, less wages to tax, less sales to apply GST to and so on and so forth. Thats the nature of capitalism.
I mentioned to the missus that we were well over due for a recession in early 08. She now blames me for opening my big fat gob. Truth is, heaps and heaps of people predicted it. Most analysts saw the credit crunch itself coming, whilst many others knew that booms are cyclic, and made predictions based on history. Good call too.
The mining boom cycle is at its end. This is where big miners will stay on and basically operate at a loss to ensure they are still active and viable when the cyclic boom returns. This affects a lot of jobs that are locally responsible.
Chinas growth is down approx 50% and will get slower over the next 18 months before it returns.
Car manufactures are laying off people left right and centre, this is the fault of foreign parent companies.
The global economy is in big strife, yes, but we, Australia are in a very good position, relative to other first world economies. In fact we are doing heaps better. So there is some, albeit little evidence of Rudds economic manangement. We are in good steed, relatively speaking. How many of our 10 biggest trade partners are in recession already? Most of them.
I am a business owner, and a landlord, and If I can report on my macro scale summary of the last injection stimulus, it certainly upped the takings in my business for the last quarter, in fact it was the busiest December ever in my 5 years in my current business. Im an convined that people spent up, as did every other retailer in my strip. They ALL agreed that this december, in the face of a disastrous global economy, was busier than many of their last seasons.
I believe Westfield has reported big december increses in consumer spending, and although the biggest retail landlord isnt the be all of yardsticks, its a good measure when you consider how many woolies and coles stores are operating out of Westfield leases.
Fact is, no govt, labor or lib, can go against the advice of the ACC, the IMF, Acess Economics among others advice and NOT inject a stimulus package of a size that corelates to the current ••••••••• economic situation.
This really isnt about party politics anymore, and Turnbull should either show some leadership and bring a MORE viable solution to thetable or STFU and GTFO. I hate politicians who are so stuck in the past and addicted to scoffing and ranting about stuff from the 80's.
The Rudd govt is at great risk here, and publicly declares this risk. I appreciate his straight forward approach, especially his willingness to communicate to every Australian with a tele, and not beat around the bush saying its all good. Hi public addresses in the face of gloom are welcomed by me for one. Its about time we had a leader who was in it for the country, not for the party, and not for himself.
If the stimulus fails, the public could judge him harshly as we repay a defecit over the years to come, including the year of the next election. At least he has the guts to admit to this on national TV, and acknowledge that Australian voting citizens will make their choice when the time comes.
I believe Aussies did this to the last PM, who was the only one in HISTORY to lose his OWN electorate as well as the top possie. Haha. Drink sloppy dog feaces, Johnny. He was a bully and a condescending prick.
Either way, and with either party in power, a defecit is INEVITABLE unless you make wholesale cuts to the two big budget drinkers: Education and Health. I dont think that is a good idea. People with school age kids dont like that idea. Sick people and those with already in overcrowded hospitals dont think that is a good idea.
The good news, interest rates are rock bottom and ill be buying my fourth property this year. That puts me well on my way to 10 properties in 10 years.
However, I must take a moment to abuse those other borrowers who locked in their rates and are now whining about how much it costs them.
I saw one woman directly attributing her situation to about 45 seconds of an interview where treasurer Wayne Swan told borrowers to shop around and have a look at fixed rates. She then had a hissy fit about how the bank recommended she should lock in her loan, which she did.
She did so, knowing that "okay, this is the most I will have to pay each mortgage payment, for the next three years, therfore I can budget appropiately. Tough Titties bitch. Now that rates are low it's like "Awww, unfair!" "I was duped"!
If you are going to use 45sec of a tele interview to determine the financial structure of the most important purchase in your life, (after rims for your Soarer ) then perhaps you shouldnt own a home and just rent one of mine instead.
PS: Last 1/4 saw Darwin home prices outdo the country (again for like the last how many years) with the average home price climbing a whopping 18%
Im rich biatch!!!!!!
Capitalism RULES!!!!
Let the poor eat dirt, regardless of skin color 
ps (way to busy to spellcheck) |
Shadi Damouni
TryHard
WA
vvti single turbo
Posts: 128
Reg: 07-2007
|
Too busy?? You had enough time to unload 10 pages of verbal diarrhea. You sound like a politician..... Full of ••••••
Next time spell check |
Tim Ross
TryHard
Qld
V8 - NEED TCS BUTTON, pm if you have a spare thx
Posts: 454
Reg: 09-2007
|
Thanks Aaron... go and get fu(ked
I do struggle from week to week.
I am constantly battling my demons of the past relating to poor financial decisions when I was growing up... and chances are I may never own my own home, or have a family as a result because I refuse to have one under substandard conditions.
I am working my ass off to try amend these problems rather than just taking the easy way out with bankruptcy.
The only indulgence I have is the soarer and I can barely afford that.
The depression and stress this brings to me I hope you NEVER have to encounter.
But hey, I will eat dirt just for you captain conceited. Because that puts a smile on your face it seems from the closing of your post.
And no, I dont want your sympathy... I just want you to understand that this country is comprised of millions of people less fortunate than you are, who work just as hard, and certainly do not deserve any less respect you arrogant twat.
(and no, I do not resent you for your success, good on you... I simply resent you for rubbing it in the noses of those who are in less of a fortunate situation. Its attitudes like the ones you just displayed which do nothing but contribute to the worsening state of society)
and normally, I wouldnt have any problem with you... in fact... I probably wont have any problem with you once this topic dies over... but the pure conceit and arrogance of that you just said simply rubbed me up the wrong way completely.
Anyways...
Whilst I am uncertain if this is the answer the country needs right now with mass handouts, I am grateful of the assistance, even though it wont last long and will probably just go towards paying into the coffers of any given giant faceless corporation who can afford to pay its directors ridiculous salaries. |
David Vaughan
Goo Roo
NSW
V8 Ltd manual
Posts: 4162
Reg: 07-2005
|
My own reading, FWIW, was that Aaron was adding a few little digs at the end, rather than seriously trying to stick it up anyone. He wrote it late in the evening, probably in a happy frame of mind. I would not read that text and then assume the author would disrespect Tim for example; quite the contrary.
Anyway, I too thought that woman on TV was a classical example of "I'm not responsible for my decisions! The world owes me!" so perhaps that makes me more sympathetic to the rest. I joked to Bruce a few posts ago about people capitalising profits and socialising losses and she showed exactly that attitude. Had her rate fixing proven a "success" she would have bored her friends scheissless about her financial acumen. Now that it is not, temporarily, the most profitable current action she wants to bore the rest of the country and get compensation as well. |
Tim Ross
TryHard
Qld
V8 - NEED TCS BUTTON, pm if you have a spare thx
Posts: 455
Reg: 09-2007
|
OK David, if that is the case, thank you for clearing it up and Aaron, my humblest apologies. |
Aaron Mead
Goo Roo
NT
Celsior 1UZ-FE Mines, JZZ30 1.5JZ-GTE To4z
Posts: 2136
Reg: 03-2006
|
No need to apologise, my sarcasm meter is way off.
The bit about letting the poor eat dirt was aimed at that lady who wouldnt show her face on TV, but blamed everyone but herself for being locked in to 9% + interest rates. How dare she cry poor. See the size of her loungeroom??? Or that 50" plasma?? Oh the humanity....
FWIW, in 1999 (when I was 19)I was flat broke, and kicked out of my flat in Carnegie as I owed about 19 weeks of rent. I couldnt go home as the old man was still a bit sore about me stealing 300k off him and giving it to my mum. (they are happily divorced now). He's over it, and paid out 460,000 about a month ago after they settled See? I was just trying to save him money, thats all.
Luckily, the neighbouring flats tennant had a bit of a sexual desire for me, what with her being about 50 and fat and ugly, and me being fat, ugly young and broke I guess she thught she had a chance . So I moved in and did my best to leave before she woke up and come edit *home* after she was asleep. One night I came home and she had conveniently left her bedroom door open with the sheets around her thighs, and very large hairy thing surrounded by flab conveniently visable by me. I mean I was blind drunk every night in the late 90's, but there must have been a booty angel watching over me. Thankyou Booty angel.
Anyway, I climbed out of the rabbit hoel after a year, and with a few hard decisions, like, to move 3500km away from anything familiar, I've turned things around nicely, and Im sure you will too Tim. It does gets better. I know people always say this : "Things can only get better."
And I only realised this fully about 18 months ago. Usually, anytime something good happened to me I would think "Great now something bad will happen to keep me back in my place" but please, dont say this to yourself everytime something good happens. Think about things only getting better, and.....I really don't want to be a Tony Robbins, but it will get better.
PS- I paid her rent. In cash
Regarding the fixed rates woman, she should realise that she has only fixed the rates for a maximum of 3 years, and if after those three years are up, if she continues to pay the same amount for 5 more years, over and above the interst rates at the time (which I do think will remain under 6% for the next 5-6 years, then she will be about 8 years better off on her mortgage.
She could even pay the hefty release fees now, which are simply added on to her mortgage, and enjoy the lower temporary interest rates now, giving her about 1000 a month more disposable income to see her through the rough times ahead. After the hard times, she could return to making repayments equal to 9% interst rate repayment, and be back to saquare one, or even better off in the long term over her 25 year mortgage.
Its all about how you look at it.
And David is sooooo right about how she would be gloating to no end if rates skyrocketed to over 11%, as was forecast by many financial 'essperts'.
Spell check joke was just a bit of sarcasm. Were there many mistakes though? 
PS dont eat dirt, while it has half your daily iron and calcium needs per serve it also harbours fungus, parasites and faeces. I just like saying Faeces. Yeah. |
Aaron Mead
Goo Roo
NT
Celsior 1UZ-FE Mines, JZZ30 1.5JZ-GTE To4z
Posts: 2138
Reg: 03-2006
|
Shadi Damouni wrote on Tuesday, February 03, 2009 - 11:50 pm:Too busy?? You had enough time to unload 10 pages of verbal diarrhea. Yada yada, etcetera etcetera....
Next time spell check
Exactly. You wouldnt have time to spell check after that much writing either. In this country, British English is the correct spelling. So "diarrhea" as you put it is actually spelt "diarrhoea", but hey with such a long post how could you have time to fix that eh? Its cool. |
James Cahir
TryHard
ACT
Soarer TT
Posts: 152
Reg: 04-2008
|
That was an epic read Aaron  How did you come to own so many properties? |
Anika Le
Tinkerer
SA
TT 1JZ-GTE
Posts: 47
Reg: 01-2009
|
p.s did you read latest article re stimulus plan?
http://news.ninemsn.com.au/national/740274/opposition-may-block-42b-stimulus-plan |
Lawrence Ostle
DieHard
NSW
tt
Posts: 750
Reg: 12-2005
|
Short term injections of cash like this are like giving red cordial to a 5 year old - frantic happiness and running around for 10 minutes followed by tears. |
Matthew Sharpe
Goo Roo
North Island
JZZ31
Posts: 4071
Reg: 10-2005
|
Hey, it could be worse, at least you live in a country where $100,000 is considered to be a "middle income" - I only earn $90,000 and thats Kiwi groats so even less in a real currency, and I'm considered a high income earner over here! Something like the top 4%! |
Glen Muller
DieHard
Victoria
V8 Soarer UZZ31
Posts: 652
Reg: 12-2007
|
Aaron Mead wrote on Wednesday, February 04, 2009 - 10:59 am:In this country, British English is the correct spelling.
My two bob:
Reinstate "et cetera" as two words!!!
Now, about the cash bonus. F#CK YEAH! Bring it on! I don't give a brass razoo about anyone's argument about it being tax payers' money or not, either way the Government has their filthy hands all over it to begin with and I'd prefer it in my wallet.
I earn sweet FA for doing a job that could be listed as one of the worst in the developed world, and I do it because there's stuff all else around here. My partner doesn't work because she CAN'T find a job around here, and the longer we wait to get out of this place and move to the city, the worse her chances are of getting swiftly back into the workforce. She dreads interviews for one simple reason; the question, "so why haven't you been working much since January 2007?"
Her answer: "I broke my ankle and couldn't walk unaided until later that year." The instant reaction every time is "thanks for your time, we'll call you." Yeah right. Now having said all this, my crappy wage feeds, clothes, transports, houses and keeps us warm single-handedly. I'm left with virtually nothing for myself each week, which hardly even leaves enough for a bottle of Scotch to help deal with other issues surrounding our living arrangements (I'm not even going there... I'll kill someone).
So whoopee for us, we get $1900 to put towards whatever we see fit, and if we haven't moved by then it's going to be a welcome help toward bond, rent, furniture and other associated luxury items.
If you've got a problem with that... stick it up your arse. All's fine and dandy when you're established and pulling twenties out of your arse crack.
Rant over. |
Jeff Bedsor
TryHard
QLD
TT
Posts: 493
Reg: 10-2006
|
Aaron Mead wrote on Wednesday, February 04, 2009 - 10:42 am:with the sheets around her thighs, and very large hairy thing surrounded by flab conveniently visable by me.
Anyway, I climbed out of the rabbit hoel after a year,
Jeez, was it that big that you could climb out of it? |
Miles Baker
Goo Roo
Vic
66 Mustang GT Convertible, 55 Chevy Bel Air, 69 Firebird 455
Posts: 1489
Reg: 08-2005
|
Glen,
You may like the $1900 now, but it's not our money that the government has its hands on. Our money is long since wasted. This money is borrowed from overseas and in the long run will cost us much more in interest on foreign debt. $1900 now may result in paying that back a few times over in taxes. Enjoy.
If this money is really just meant to be spent, why is it given only to the lower income earners? If it's not meant to be welfare, and it's not meant to be just stuck in a mortgage, why give it to the poor? Not that I have a problem with supporting those that need it right now, but Kev is saying it is SPENDING money. So at least let the people who pay all the tax enjoy some of the spending. And well-off people may actually just blow it on junk like Kev SAYS he wants.
No, in actual fact it's just bribery to buy votes. |
David Brunt
Tinkerer
W.A.
Soarer TT
Posts: 99
Reg: 08-2008
|
This is quite a good discussion but the fact is, it's now irrelevant. We'll have to sit here and twiddle our thumbs to see if it works(I don't think it will. I think it is going to wrong places). If somehow it works we'll all say the sun shines out of Kev's arse and will vote for him next time, if it fails we'll hang a noose around his neck and cheer the death of his career. All we can do is wait now. All i can say is don't blame me, I voted Liberal.  |
David Vaughan
Goo Roo
NSW
V8 Ltd manual
Posts: 4164
Reg: 07-2005
|
In general, people who currently save less are more likely to spend money when they get it compared with people who save more. There are two obvious reasons for this. Firstly, habit and secondly, need. Therefore, the money is more likely to be spent in the short term if placed in the hands of the comparatively poor, just like giving money to pensioners before christmas.
The strategy, though, appears to be to sustain activity pending arrival of the cavalry in the form of recovery overseas. Might work, might not. It depends what happens overseas. |
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