Re: Aus Federal Politics thread (II)

[Paul Keating]

Excellent start to the debate. Dodge the questions and move onto something else.

Let's continue what we did in the 1800s and burn coal to make fuel and energy. Smart country.

[Big Dog]

Excellent start to the debate. Dodge the questions and move onto something else.

Let's continue what we did in the 1800s and burn coal to make fuel and energy. Smart country.

Dodge the questions?...do you think the people most affected give a fark about the philosophical debate? They are more concerned about feeding their families & keeping them warm & being gainfully employed.....all the things the Labor party used to stand for before they sold out to the Greens.

[Paul Keating]

Excellent start to the debate. Dodge the questions and move onto something else.

Let's continue what we did in the 1800s and burn coal to make fuel and energy. Smart country.

Dodge the questions?...do you think the people most affected give a fark about the philosophical debate? They are more concerned about feeding their families & keeping them warm & being gainfully employed.....all the things the Labor party used to stand for before they sold out to the Greens.

Mate I asked you to answer my questions in my original post. You are the one who changed the subject.

[Big Dog]

Excellent start to the debate. Dodge the questions and move onto something else.

Let's continue what we did in the 1800s and burn coal to make fuel and energy. Smart country.

Dodge the questions?...do you think the people most affected give a fark about the philosophical debate? They are more concerned about feeding their families & keeping them warm & being gainfully employed.....all the things the Labor party used to stand for before they sold out to the Greens.

Mate I asked you to answer my questions in my original post. You are the one who changed the subject.

This IS the debate. Your 'debate' is just irrelevant fluff.

[Paul Keating]

BTW, not watching the SoO?

With good reason. With farkin good reason I got home late to only watch the 2nd half. The Hayne Train is a fraud who I cannot believe has not been exposed yet.

[G.Wood]

So, the Carbon pricing details have been released and amazingly, the sky is still up above our heads.

I must admit I am amazed at the fuss this thing has got. You'd think it was the biggest tax reform in the history of reforming tax. It got more attention than Clarke being made captain of Aus ffs (and will be far less damaging)

[WideWally]

And in other news, ciggies have been raised by the Feds to $20 a packet. Huzzah.

They were virtually $20 for most packs when I quit a few months back.

49c a packet when I quit in 1971.

[skully]

Sorry boys and girls, been doing my bit for reducing global warming for the past 3 hours. No farkin electricity. Apparently an Energy Australia fat cat f@rted and blew out the flame on their steam turbine. Qunts.

I guess my little suburb (or bits of it - the frikkin lights were on in houses a couple of hundred metres up and down the Hwy from us) probably saved Sydney the equivalent in green house gas emissions that Australia will save in comparison to the World under the Vulture's ace new tax.

[Zat]

OK, now I don't have a degree in economics, but how does it work if there are going to be tax cuts, and if the tax-free threshold is going to be raised from $6K to $18K, that people on $80K don't get a tax cut?

What happens to the $1800 tax they don't pay on that extra $12K at the bottom of the scale?

[skully]

You are not a pinko battler, Z. Bad luck, you're screwed. You are having your "wealth" redistributed to the boat people and toothless mongos who support Collingwood/Parramatta/West Coast Eagles.

[Zat]

At a personal level, I don't think I've benefitted from a tax cut of any variety for about a dozen years. I just can't work out how these tax cuts at the arse end of the scale don't percolate upwards.

From the ATO website:

A Taxable income of 0 - $6,000 pays no tax. The scale then slides as follows
$6,001 - $37,000 15c for each $1 over $6,000
$37,001 - $80,000 $4,650 plus 30c for each $1 over $37,000
$80,001 - $180,000 $17,550 plus 37c for each $1 over $80,000
$180,001 and over $54,550 plus 45c for each $1 over $180,000

So, if the tax-free threshold rises to $18,000, that should mean the base $4,650 at $37,000 should fall by $1800. So how does that $1800 just disappear?

Can JGK or the forum West Coast Beanie explain?

[skully]

At a personal level, I don't think I've benefitted from a tax cut of any variety for about a dozen years.

Aye, I've been a bit the same. I guess we are faceless, middle-income earners who don't matter to the various govts.

[Zat]

They're all qunts, skully, elections are a matter of choosing the least worst, not the best.

[skully]

They're all qunts, skully, elections are a matter of choosing the least worst, not the best.

Mebee. But if we all took that view, what would we argue about on threads like this?

[skully]

In any case, tell me how there will be no cost of living pressures under Abbott's plan. Or are you unable to participate in rational debate? I guess I can be sure that you will cite the BER and Pink batts. The BER which blew out by 1.5 billion bucks. Significant but nothing on some of the blunders the Howard government cost us.

Oi qunt, you "signed" an agreement that we would not mention these things. Stoopid Wozzie Crab.

Does this mean that all bets are off?

[Leo]

Zat,

The answer to your question is that the 30c tax rate (applying from $37,000 to $80,000 per annum) is being raised to 32.5c in the dollar, which will gradually erode the gains from the increase in the tax free threshold to the point that those on $80,000 or more will get only $16 (30c a week) in tax cuts.

Skully,

FYI, substantially less than 1c in every dollar of tax you pay goes on 'boat people'.

[Zat]

Zat,

The answer to your question is that the 30c tax rate (applying from $37,000 to $80,000 per annum) is being raised to 32.5c in the dollar, which will gradually erode the gains from the increase in the tax free threshold to the point that those on $80,000 or more will get only $16 (30c a week) in tax cuts.

Thanks Leo. Obviously that's been mentioned somewhere, but all beef hooked if I've seen it anywhere.

So our tax cut is actually a tax rate increase.

At the risk of repeating myself, qunts. The lot of them...

[Leo]

Not mostly, because the withdrawal rate for what is left of the Low Income Tax Offset drops from 4c to 1.5c in the dollar - so the effective marginal tax rate on that income is pretty much the same up to about $65,000 per year. People in the 37-67k range were already paying an effective marginal rate of 35.5c (counting Medicare Levy), it is just that more of it will now be incorporated into the open tax rate and less will be clawed back in reduced LITO at tax time. So people will pay less on up to $18,200, and then pay pretty much the same marginal rate up to about $65,000, slightly more up to $80,000, and then unchanged above that.

And to think people blame the Government for having trouble explaining this stuff...

[Zat]

If it wouldn't come out sounding like an insult, you should get into politics, Leo. They need people who could explain WTF is going on.

[Leo]

Its not an insult, but I'm not that keen on any of the parties.

And my answers wouldn't fit into a 10-second TV news grab.

The tax stuff is shown in a table here.

[skully]

Zat,

The answer to your question is that the 30c tax rate (applying from $37,000 to $80,000 per annum) is being raised to 32.5c in the dollar, which will gradually erode the gains from the increase in the tax free threshold to the point that those on $80,000 or more will get only $16 (30c a week) in tax cuts.

Skully,

FYI, substantially less than 1c in every dollar of tax you pay goes on 'boat people'.

Cheers Leo. Yeah, I heard Costello's brother the other day saying summat similar. Still, I'd like to know what % of the boaties are gainfully employed but. If the answer is "plenty - well over 70%", no dramas from me. If the answer is "not many", then the smugglers are clearly telling 'em "Gimme $20K and I'll give you a golden life on the back of the Aussie welfare system."

And welcome back man. Long time, no see.

[Zat]

Its not an insult, but I'm not that keen on any of the parties.

Neither am I. We should form a party!

And my answers wouldn't fit into a 10-second TV news grab.

You'd need to learn not to answer questions, just make unsubstantiated claims.

The tax stuff is shown in a table here.

Ta.

[skully]

Its not an insult, but I'm not that keen on any of the parties.

Neither am I. We should form a party!

Jeez, you two could be as powerful as that qunt Wilkie. What would you platform be?

Would you be the "Clear and Reasonable Answers Party"?

[Zat]

The Quantifying Unilateral National Thought Party.

[skully]

[Sponsored content]