Australia - you're standing in it
In your case that’d be extra large tampons and adult nappies.
thresholds not rates.
You're a moron blowin.
Does anyone understand how Singapore manages to have such low personal tax rates but then also be world leaders in pretty much all government services?
Yeah i get they are a small country, but still.
Heres is their tax rates.
https://www.guidemesingapore.com/business-guides/taxation-and-accounting...
Oh and corporate tax rates, so how do they do this?
Their GST is only 7% too
Some are missing the point here that Scotty most eloquently put “if you have a go you get a go” which is code for if you earn it (or acquire it by whatever means) we will help you avoid it (bad nasty tax).
How good is Australia? ... family trusts, franking credits cash, negative gearing, 1/2 CGT, tax free and other super concessions, middle class welfare (non means tested govt programs, subsidies or rebates) .... and the punters voted of $6 tax cut last election.
You just can’t make this shit up!
I do not have a trust or an investment property .
Negative gearing does not relate to how the investment performs . It is related to the cost of having the investment ( interest payments mostly ) and offsetting the income received ( renting the property or dividends from shares ) . I would like it to be stopped but am not able to think it should due to unintended ( unknown ) consequences .
The housing market has evolved with it and i don't know what would happen to the housing market if it was abolished . As we all should know most of the wealth in Australia is in peoples place of residence which has NO capital gains tax . It is the golden goose .
From the Sydney Morning Herald
"Four in five Australians earn less than $100,000 with new tax figures revealing the federal budget is increasingly reliant on the nation’s best-paid 1 per cent to cover the cost of growing services and infrastructure.
Data from the Australian Tax Office also shows that to be a member of the top 1 per cent of taxpayers requires a taxable income of at least $350,000.
Four in five Australians earn less than $100,000 as the budget increasingly relies on the top 1 per cent.
The annual taxation statistics from the ATO, covering the 2018-19 financial year, reveals there were almost 14.7 million individual taxpayers that year, a 2.7 per cent increase over 2017-18, who paid a combined $213 billion in income tax.
Eighty per cent of those taxpayers had a taxable income of less than $100,000, the lowest proportion on record. In 2012-13, 90 per cent of taxpayers had a taxable income below $100,000 .
Those in the top tax bracket, which starts at $180,000, paid almost $70 billion or a third of the nation’s income tax bill. "
The above stats show that high income earners a bearing MOST of the tax burden . Because they have become highly educated ( can take years and are paid for ) eg doctors and work really hard .
As V Local said ( I can't believe I am quoting him and the SMH )
"Australia's tax system is so skewed to people with capital, investments, and businesses. There are so many deductions and concessions available to high income earners, they typically end up paying no or fuck all tax compared to wage earners.
So the 180k -500 k earners are paying more as the mega wealth pay sleazy experts to LEGALLY avoid tax . Paying for the roads you are driving on V Local and everything else . We also watch as billions are flushed down the toilet wasted eg trying to reduce a gas that hardly exists , pink bats , a shit NBN and so much more .
And then this from Craig
Don't you think people earning $200-500k should be using some of that wealth to put back into the community etc by taxes Indo? It's not going to bother them that much if they earn that much.. And if it does then they need a bit of a reality check re spending on things they don't need.
I don't earn anywhere near 300k .And You want fucken more from us real tax payers . How about you fucken contribute to the community and stop wasting our money on things you don't need and I don't want .
After paying tax , school fees , interest on the home , ridiculously high power and bills (more bans gas and coal ) , medibank surcharges , insurance etc etc I think I ( and my wife who works ) pay my way .
You guys bag business and the people who you leeches need . Careful , you are sucking us dry with all the disincentives to work . We may do what you do . Nothing and go surfing .
I have had 10 surfs in two years supporting you ungrateful bastards . How many have you had ?
That sounds abusive and cruel and like you might actually be a rabid dog like the rest of us, Hutchy.
“I have had 10 surfs in two years supporting you ungrateful bastards . How many have you had ?“
Choose your career, choose your consequences. Blaming the taxman and strangers around you cause you’ve made shitty life choices…lol.
Hutchy 19 wrote:I have had 10 surfs in two years supporting you ungrateful bastards . How many have you had ?
Including the tub?
Shit 10 surfs in two years Hutchy, and from memory you were in your late 50's?
You really need to work on some work/ life style balance.
In general though i agree with your post (actually agree with quite a few of your views)
Anyway although i feel for those paying high tax rates and understand why they try to avoid doing so, the whole tax thing really doesn't bother me too much i dont try to earn shit loads i earn a decent hourly rate but am lucky to have a pretty good work, life balance and very low mortgage repayments.
In recent years ive actually made a conscious effort to work less and keep my earnings below a certain amount and just simplify things and im still able to do and have all the things i want, i think sometimes you need to feel satisfied.
indo-dreaming wrote:Does anyone understand how Singapore manages to have such low personal tax rates but then also be world leaders in pretty much all government services?
Indo the government in Singapore runs the country like a corporate business ie. they are service orientated and don't waste their tax dollars on things like $800k rubber bridge protectors.
garyg1412 wrote:indo-dreaming wrote:Does anyone understand how Singapore manages to have such low personal tax rates but then also be world leaders in pretty much all government services?
Indo the government in Singapore runs the country like a corporate business ie. they are service orientated and don't waste their tax dollars on things like $800k rubber bridge protectors.
It’s pretty easy to supply services to a very small geographical area compared to a large area.
Farm visa slaves jump queue over stranded Australians
By Unconventional Economist
“On Monday I reported that the Morrison Government will on 30 September launch its Agricultural Visa, which will allow regional businesses across the horticultural, meat processing, fisheries and forestry sectors to hire indentured migrant labour from 10 South-East Asian nations with the promise of permanent residency if they commit to working beyond three years.
Yesterday, The ABC provided further details on the visa scheme, which will subsidise an uncapped number of migrant workers to enter Australia at the same time as tens-of-thousands of Australians are still stranded overseas and facing punitive costs to travel home [my emphasis]:
New South Wales’s hotel quarantine system is still processing Australians returning home from overseas, along with workers included in the Pacific Labour Scheme, who are only asked to pay half the price.
On top of that, Agriculture Minister David Littleproud said there would not be a limit on the number of overseas workers coming into the country.
“It’ll be demand-driven, so there are no caps on this,” he said. “It’ll come down to the bilateral negotiations that will take place now.
“We’re trying to accelerate those [agreements] with countries that we have longstanding immigration relationships with, such as [the] Philippines, Thailand, Vietnam”…
State Agriculture Minister Adam Marshall previously said the government was committed to subsidising quarantine costs for workers.
About 2,000 workers have already been processed under the scheme, at a cost of $3 million, and there is another $6 million available to continue.
There is also concern that Australians wanting to return home will be displaced by foreign workers under this new scheme.
That would not happen, Mr Littleproud said.
“They aren’t getting priority [over returning citizens]. They will be coming in the same way as our Pacific Scheme workers have been, in an addition to the caps,” he said.
Stranded Aussies took to Reddit lambasting our governments for prioritising cheap exploitative imported labour over actual Australian citizens:
What is crystal clear is that our treasonous politicians – both federal and state – have abandoned Australian citizens in favour of the business lobby and foreign nationals. Accordingly, they have abandoned their most sacred duty to look after the welfare of Australians.
Ultimately, our whole political system cares more about providing industry with cheap foreign slaves, and undercutting Australian workers’ pay and conditions, than looking after actual Australians abandoned to their pandemic fates.
It’s a bloody disgrace”
And the taxpayer, courtesy of the government, has spent millions in trying to deport one Tamil family from Australia. Now we are paying to get more of the same into the country
Did someone say "great economic managers"?
Will start off saying I was wrong ( again ) about Trusts . They are needed to protect people and they pay tax at 30% .
"Choose your career, choose your consequences. Blaming the taxman and strangers around you cause you’ve made shitty life choices…lol."
Thanks Blowin . Again you show no ability to comprehend ! With all the self flagellation ( wanking ) you do I am surprised your gonads stop the blood flowing to your brain .
Some of My life Choices .
Get a good education . Mullum was ok but went to Uni to get a BEc . Had to work part time to live and got paid to play football . Often while other friends were surfing .
Get a good job and work REALLY hard . I had big dreams and never wanted to be a burden on my wonderful country , wanted to contribute . Never wanted to be on the dole ( have advised others to go onto it but hate dole bulgers ) or a pension ( my mother is on aged pension ) .
Everyone can do the same if they have ambition and grit . Everyone has talent but not everyone is willing to do the work and make the sacrifices . No short cuts .
Have a family and work hard to give them the best chance of success . Try and set a good example , give them the best education ( private schools ) , unconditional love and let them do whatever they want in the future .
I lived in Sydney when I was single and surfed every weekend but moved to Melb to start a family and be close to my and wife's family which I thought best for my kids .
Bought a home in a nice inner city suburb which is close to a station to get to work . Would have loved to have views of a beach or forest . I chose to buy beautiful art work instead which are my views . Howard Taylor's Sun Wall is my pride and joy ( bought it privately so know one can check who I am ) .
I get very envious ( not jealous ) watching surf cams and seeing people surfing while I am working .
Have only had about 5 surfs ( including wavepool ) a year for the last 4-5 years due to circumstances .
Not good for me and so wish it wasn't so but it is my choice .
Willingly pay my tax's but not a cent more than I have to . Donate what I can to good causes as I believe in Karma and trying to do the right thing .
Am having a good life ( 62 ) and am looking forward to the future and surfing more . Wonderful holidays and friends . Not much I would change .
Advised my girls not to go on social media. Too many cruel and abusive people snipping with
anonymity . Making up for their own lack of self worth by pulling down the so called Tall Poppies .
This site has proved me right . In my experience I have always found that these types have an over blown view of Entitlement . Feel they can say whatever they want and tell others to fuck off as they have NFI ( science is setlled ). All without any thought or listening to their opposing views . They are prone to act like a pack to pull down anyone who has a different view .
That is why there are no women in this site . Way too many rabid dogs . So much of this site is rotten ( some parts are wonderful ) and as a fish the rotting starts at the head .
Hutchy 19 wrote:So much of this site is rotten ( some parts are wonderful ) and as a fish the rotting starts at the head .
Come again..?
This :
“Advised my girls not to go on social media. Too many cruel and abusive people snipping with
anonymity . Making up for their own lack of self worth by pulling down the so called Tall Poppies .
This site has proved me right . In my experience I have always found that these types have an over blown view of Entitlement . Feel they can say whatever they want and tell others to fuck off as they have NFI ( science is setlled ). All without any thought or listening to their opposing views . They are prone to act like a pack to pull down anyone who has a different view .
That is why there are no women in this site . Way too many rabid dogs . So much of this site is rotten ( some parts are wonderful ) and as a fish the rotting starts at the head .“
Straight after this:
“I don't earn anywhere near 300k .And You want fucken more from us real tax payers . How about you fucken contribute to the community and stop wasting our money on things you don't need and I don't want .
After paying tax , school fees , interest on the home , ridiculously high power and bills (more bans gas and coal ) , medibank surcharges , insurance etc etc I think I ( and my wife who works ) pay my way .
You guys bag business and the people who you leeches need . Careful , you are sucking us dry with all the disincentives to work . We may do what you do . Nothing and go surfing .
I have had 10 surfs in two years supporting you ungrateful bastards . How many have you had ?“
To be specific, indeed to be scientific (!) , I think you’ll find that the decomposition of a fish starts with the bacteria of its digestive tract and the intestines. The most prolific location for the bacteria is towards the lower intestines and particularly the anus.
In other words, it’s arseholes like you who add nothing but combative arguments who ruin this site. Try adding something of worth to counteract your stink every once in a while.
With new rules voted in by the ALP/ LNP duopoly in an attempt to sideline democracy, minor parties now need 1500 members ( up from 500 ).
I reckon it’s time to stump up and join a political party to inspire the fight back against the entrenched party clowns who’ve overseen the past couple of decades of decline in our nation.
Anyone got any recommendations for minor parties?
Stunet - Not referring to you . Sorry that my comment made you feel that it was . Was referring to those that lead the comments on the posts . Sorry again .
garyg1412 wrote:indo-dreaming wrote:Does anyone understand how Singapore manages to have such low personal tax rates but then also be world leaders in pretty much all government services?
Indo the government in Singapore runs the country like a corporate business ie. they are service orientated and don't waste their tax dollars on things like $800k rubber bridge protectors.
I think thats true, maybe also the one party has dominated power for so long so they have had the chance to really fine tune things and not just try to get re elected every few years.
I tried to google the answer and didnt get a clear answer but a lot of people seem to think the lack of social welfare type payments/spending reduces spending hugely, they generally have a culture that ensures they look after each other more so not as much negative impacts from not having this spending
Roadkill wrote:It’s pretty easy to supply services to a very small geographical area compared to a large area.
Yeah i guess thats a bit of a factor, but not convinced thats the reason.
This website is a credit to Stunet who unbelievably manages to navigate the maelstrom on some of the threads .
Would like to point out to others that I think Blowin was referring to me not himself with his comment . Easy to make that mistake so wanted to clarify .
"In other words, it’s arseholes like you who add nothing but combative arguments who ruin this site. Try adding something of worth to counteract your stink every once in a while. "
For sure. I’ll talk shit with the best of them but I’ll also make sure to add a bit of cnt- free stuff here and there. Yourself…..nada.
No idea what the below means Blowin but it could be a good name for your political party .
" add a bit of cnt- free stuff here and there." All your mates and potential voters , I am sure , would like Free Stuff .
Blowin wrote:To be specific, indeed to be scientific (!) , I think you’ll find that the decomposition of a fish starts with the bacteria of its digestive tract and the intestines. The most prolific location for the bacteria is towards the lower intestines and particularly the anus.
In other words, it’s arseholes like you who add nothing but combative arguments who ruin this site. Try adding something of worth to counteract your stink every once in a while.
Starts with sarcasm - ends in abuse.
I'm all for a good old debate including a bit of verbal biffo now and then (makes it interesting), but the above seems to be your modus operandi with anyone who tends to question your opinions. You're sort of the Telstra Man of Swellnet (you know - "I've been everywhere man") and no one should question where that is. Gets a bit tedious sometimes I'm sure you'll agree!!
Anyway just my 2 cents worth to try and promote a friendlier atmosphere around here.
“Anyway just my 2 cents worth to try and promote a friendlier atmosphere around here.” Great sentiment @garyg. However, that was one of the few times I totally agreed with a post by Blowin.
Self appointed forum moderator gets all pissy again. Everyone always ruining everything for him. Sad.
Roadkill wrote:
It’s pretty easy to supply services to a very small geographical area compared to a large area.
If that is true shouldn't we expect that the big cities in Australia would have good services . Our country is one of the most urbanised on the planet .
Those in the country areas generally wish that governments should leave them alone .
Australian cities do have good services.
Freeride - compared to some other countries we sure do . The discussion is how Singapore can do it with their vastly different lower tax rates ,
Hutchy 19 wrote:Roadkill wrote:
It’s pretty easy to supply services to a very small geographical area compared to a large area.If that is true shouldn't we expect that the big cities in Australia would have good services . Our country is one of the most urbanised on the planet .
Those in the country areas generally wish that governments should leave them alone .
No..because the tax take from big cities is spread out. Local councils get some, state govts get some, fed govt gets some.
Yep, Singapore is a city-state.
Not sure how they collect taxes/rates but I imagine it is simpler and more efficient than here.
In Aus, councils collect rates and provide basic services, state Govts collect taxes and provide different services and the Feds collect another layer of tax which gets distributed to the states.
3 different tiers of Govt.
If you want to know Freeride how Singapore tax search back on this thread as this was the genesis of the discussion .
Roadkill . The taxes are spread out but the vast majority is spent in the cities where the most voters are . Local council taxes are spent in the council's . State taxes are spent in states and in areas that have the most voters as are Federal Taxes . It is how the system works in a democracy .
Hutchy 19 wrote:Roadkill wrote:
It’s pretty easy to supply services to a very small geographical area compared to a large area.If that is true shouldn't we expect that the big cities in Australia would have good services . Our country is one of the most urbanised on the planet .
Those in the country areas generally wish that governments should leave them alone .
Most in the country might think that, but they need to think harder. Most of the city folk subsidise the country folk for nearly everything.
Hutchy 19 wrote:If you want to know Freeride how Singapore tax search back on this thread as this was the genesis of the discussion .
Roadkill . The taxes are spread out but the vast majority is spent in the cities where the most voters are . Local council taxes are spent in the council's . State taxes are spent in states and in areas that have the most voters as are Federal Taxes . It is how the system works in a democracy .
That has nothing to do with democracy.…that is simply how allocation of resources (money) is spent.
Roadkill wrote:Hutchy 19 wrote:If you want to know Freeride how Singapore tax search back on this thread as this was the genesis of the discussion .
Roadkill . The taxes are spread out but the vast majority is spent in the cities where the most voters are . Local council taxes are spent in the council's . State taxes are spent in states and in areas that have the most voters as are Federal Taxes . It is how the system works in a democracy .
That has nothing to do with democracy, a dictatorship could spend the same way.…that is simply how allocation of resources (money) is spent.
Roadkill - maybe you need to think harder before shooting off a response .
I would forgive the country folk for thinking that they do ALL the growing that feeds the city folk and do all the mining that subsidise the city folk for nearly everything . They also have to keep all their locations nice for the city folk who want to have a break from the city and visit . Please give them a break as nearly all of them are good people .
Roadkill wrote:Hutchy 19 wrote:Roadkill wrote:
It’s pretty easy to supply services to a very small geographical area compared to a large area.If that is true shouldn't we expect that the big cities in Australia would have good services . Our country is one of the most urbanised on the planet .
Those in the country areas generally wish that governments should leave them alone .
Most in the country might think that, but they need to think harder. Most of the city folk subsidise the country folk for nearly everything.
Not sure numbers back that up.
Mining and Ag constitute about 13% of GDP.
90% of people live in urban areas.
Hutchy 19 wrote:Roadkill - maybe you need to think harder before shooting off a response .
I would forgive the country folk for thinking that they do ALL the growing that feeds the city folk and do all the mining that subsidise the city folk for nearly everything . They also have to keep all their locations nice for the city folk who want to have a break from the city and visit . Please give them a break as nearly all of them are good people .
Nearly all my family are farmers…I come from a farm. I am well aware of how the city vs rural divide works. No one said they were not good people. However, the allocation of taxes raised in Australia is spent in such a way that the majority who pay taxes subsidise the rural community. It is basic stuff…if you are going to be offended by facts maybe these discussion are not for you.
freeride76 wrote:Roadkill wrote:Hutchy 19 wrote:Roadkill wrote:
It’s pretty easy to supply services to a very small geographical area compared to a large area.If that is true shouldn't we expect that the big cities in Australia would have good services . Our country is one of the most urbanised on the planet .
Those in the country areas generally wish that governments should leave them alone .
Most in the country might think that, but they need to think harder. Most of the city folk subsidise the country folk for nearly everything.
Not sure numbers back that up.
Mining and Ag constitute about 13% of GDP.
90% of people live in urban areas.
Mining is not agriculture tho. It is in remote locations yes, but council, state and fed services to mining is not the same as services to the agricultural industries and communities.
Roadkill - you do need to take a moment to try and comprehend what points are trying to be made .
I send your comment back at you .
It is basic stuff…if you are going to be offended by facts maybe these discussion are not for you.
The discussion is about country people not just farmers . Farmers and most miners work in the country and most of them , as you say , are good people .
Taxes are spent by governments where they get the best bang for their buck ( I am not saying this is good ) . It is a FACT . With 90% of Australians living in urban areas you don't need to be a rocket scientist to work out what % of taxes are spent in urban areas .
Would suggest you do not tell your family that you believe that you and city folk are subsidising them as I bet they would agree with me that you NFI how the rural / city divide works .
Singapore is an authoritarian state dressed up as a few other things. It's not communist or socialist either. Somewhere in there is your answer.
and anyway, why does anyone give a fuck about Singapore's tax remittances and their distribution?
Ronson - Some on this website are willing to look around the world and debate what has worked well , why and what can Australia perhaps learn . That is why we give a f..k .
Due to the success of Singapore we are trying to discuss what happened there . I hope that is ok with you ! To help you understand why the below is from Wike .
Lee Kuan Yew (born Harry Lee Kuan Yew; 16 September 1923 – 23 March 2015), often referred to by his initials LKY, was a Singaporean statesman and lawyer who served as Prime Minister of Singapore from 1959 to 1990, and is recognised as the nation's founding father.[2][3] He was one of the founders of the People's Action Party, which has ruled the country continuously since independence.
Lee was born in Singapore during British colonial rule, which was part of the Straits Settlements. He attained top grades in his early education, gaining a scholarship and admission to Raffles College.
With overwhelming parliamentary control at every election, Lee oversaw Singapore's transformation into a developed country with a high-income economy within a single generation. In the process, he forged a system of meritocratic, highly effective and anti-corrupt government and civil service. Lee eschewed populist policies in favour of long-term social and economic planning. He championed meritocracy[4] and multiracialism[5][6] as governing principles, making English the lingua franca[7] to integrate its immigrant society and to facilitate trade with the world, whilst mandating bilingualism in schools to preserve students' mother tongue and ethnic identity.[7] Lee stepped down as prime minister in 1990, but remained in the Cabinet under his successors, holding the appointments of senior minister until 2004, then minister mentor until 2011. He died of pneumonia on 23 March 2015, aged 91. In a week of national mourning, about 1.7 million Singaporean residents as well as world leaders paid tribute to him at his lying-in-state at Parliament House and community tribute sites.
"Taxes are spent by governments where they get the best bang for their buck"
Hutchy 19, This of course depends on what the person holding the purse strings is trying to achieve.
Anyone who has been paying attention to Australian politics knows our fucking corrupt federal government treats the treasury coffers as their very own election-buying piggy bank. Plus of course, their mates get more than their fair share of the cash.
Country folk deserve to get screwed**. They keep voting for the crooks no matter what.
** Of course if you're a country folk in water trading, industrial farming or land sales, you won't be getting screwed by the LNP.
Hutchy 19 wrote:I do not have a trust or an investment property .
Negative gearing does not relate to how the investment performs . It is related to the cost of having the investment ( interest payments mostly ) and offsetting the income received ( renting the property or dividends from shares ) . I would like it to be stopped but am not able to think it should due to unintended ( unknown ) consequences .
The housing market has evolved with it and i don't know what would happen to the housing market if it was abolished . As we all should know most of the wealth in Australia is in peoples place of residence which has NO capital gains tax . It is the golden goose .
From the Sydney Morning Herald
"Four in five Australians earn less than $100,000 with new tax figures revealing the federal budget is increasingly reliant on the nation’s best-paid 1 per cent to cover the cost of growing services and infrastructure.
Data from the Australian Tax Office also shows that to be a member of the top 1 per cent of taxpayers requires a taxable income of at least $350,000.
Four in five Australians earn less than $100,000 as the budget increasingly relies on the top 1 per cent.
The annual taxation statistics from the ATO, covering the 2018-19 financial year, reveals there were almost 14.7 million individual taxpayers that year, a 2.7 per cent increase over 2017-18, who paid a combined $213 billion in income tax.
Eighty per cent of those taxpayers had a taxable income of less than $100,000, the lowest proportion on record. In 2012-13, 90 per cent of taxpayers had a taxable income below $100,000 .
Those in the top tax bracket, which starts at $180,000, paid almost $70 billion or a third of the nation’s income tax bill. "
The above stats show that high income earners a bearing MOST of the tax burden . Because they have become highly educated ( can take years and are paid for ) eg doctors and work really hard .
As V Local said ( I can't believe I am quoting him and the SMH )
"Australia's tax system is so skewed to people with capital, investments, and businesses. There are so many deductions and concessions available to high income earners, they typically end up paying no or fuck all tax compared to wage earners.
So the 180k -500 k earners are paying more as the mega wealth pay sleazy experts to LEGALLY avoid tax . Paying for the roads you are driving on V Local and everything else . We also watch as billions are flushed down the toilet wasted eg trying to reduce a gas that hardly exists , pink bats , a shit NBN and so much more .
And then this from Craig
Don't you think people earning $200-500k should be using some of that wealth to put back into the community etc by taxes Indo? It's not going to bother them that much if they earn that much.. And if it does then they need a bit of a reality check re spending on things they don't need.
I don't earn anywhere near 300k .And You want fucken more from us real tax payers . How about you fucken contribute to the community and stop wasting our money on things you don't need and I don't want .
After paying tax , school fees , interest on the home , ridiculously high power and bills (more bans gas and coal ) , medibank surcharges , insurance etc etc I think I ( and my wife who works ) pay my way .
You guys bag business and the people who you leeches need . Careful , you are sucking us dry with all the disincentives to work . We may do what you do . Nothing and go surfing .
I have had 10 surfs in two years supporting you ungrateful bastards . How many have you had ?
Text book greed, but that fits like a glove from what I've seen from Hutchy thus far. Take your arrogant, self important bullshit and piss off to another country if you are sick of 'the disincentives to work'.
JQ - If you want to read my incentives to work my post at 11.38 gives them .
I dont think you have been greedy enough Hutchy, if you had invested in a property down the coast you could have been having 100 surfs a year.
A timely article over at the ABC about the tax issue.
“He said the IGR implied that government services could only be funded by conventional measures of income — such as taxes on wages, salaries, and businesses — while excluding capital gains from its analysis.
“Because Australia currently has no taxes on wealth, and collects very little income from capital gains, government revenues have not grown nearly as rapidly as the wealth of Australians," he said.
"A consideration of the likely scenarios for wealth and capital gains in Australia suggests the Australian tax system is missing out on a very large tax base to the benefit of the wealthiest of Australian households," he argued.
"Moreover, the worsening of the income and wealth distributions in recent decades is likely to get ever worse being driven by accelerating capital gains."
https://www.abc.net.au/news/2021-08-25/australia-institute-says-intergen...
Basically the government is happy to tax the earnings of a worker on $50,000 a year but won’t touch the ‘unearned’ capital gains or wealth of someone like Gerry Harvey.
You are so right Indo ! I was going to say which coast but then realised it doesn't matter .
Then there is also the old saying " if it floats , flies or f..ks - rent it " and I do rent occasionally down the West and East Coast . Played footy at Rye for 5 years ( played in the 82 Premiership ) and know that coast better .
Brother moved back to New Brighton (NB ) 15 years ago . His back patio was ( just sold and bought a new project in Yamba ) 10 meters from the sand dune . My wave count has come in bursts over the last 20 years AK ( after kids ) . Trips to NB or o/s .
Hard to get regular surfs in Melb on the w/e's and don't surf in Winter . Too soft .
JQ - The discussion was never about a disincentive to work . It was about giving people a disincentive to pay taxes .
off topic but jesus Hutchy you have certainly come on to Swellnet with all guns blazing.
not one for just easing your way into things I'm guessing?
The "I can't believe it's not politics" thread.