Re: Aus Federal Politics thread (III)

[Bradman]

Doesn't go anywhere near compensating for capping the allowable total Super contributions to $50K this year and just a sh!tty $25K next year. I'll lose way more than those paltry gains in extra tax up to 55. Qunts.

How?

[Bradman]

Another one for the good guys. Andrew Bolt just got a rather large black eye (pun intended).

[JGK]

What's his punishment going to be?

[embee]

Wait a minute, this can't be right. The Coalition swore than a carbon price would be the end of the world as we know it and all those 2GB listening pensioners protested in Canberra along the same lines...


Pension investors will benefit from carbon tax relief
By Andrew Tsanadis on 27 September 2011

Pension investors aged between 55 and 59 could save hundreds of dollars as part of the Government's proposed carbon tax relief package, according to National Australia Bank (NAB).

In a recent analysis by MLC Technical Services, they found that under the Clean Energy (Income Tax Rates Amendments) Bill 2011 pension investors are likely to receive an additional $1500 in taxable pension income, without paying any tax, from 1 July 2012. Then from 1 July 2015, they are likely to receive $2,000 in tax-free income when compared to the current year, MLC found.

Currently, a pension investor aged between 55 and 59 are eligible to receive taxable income payments of up to $48,158 before income tax is payable.

According to the analysis, if the bill is passed this figure will increase to $49,753 from 2012 and $50,189 from 1 July 2015.

"This is great news for pension investors in the 55 to 59 age group, including those who have started a transition to retirement pension," said MLC Technical Services head Gemma Dale.

"This means they can draw more income, if required, from their pension investment without paying any tax."

Dale said the carbon relief measures should result in a tax saving of around $280 in 2012 (if the legislation takes effect) and $360 in 2015, after taking into account the 15 per cent pension tax offset.

"This makes using super money to start a pension investment even more attractive, given you can also receive unlimited tax-free income payments at age 60 or over, as well as possible Centrelink income test concessions," Dale said.

That extra drawdown of their own funds should just about cover the price gouges from all the companies that get slugged the "Feel Good about Doing Garq All To Reduce Carbon Not-A-Great-Big-New-Tax"

[skully]

Doesn't go anywhere near compensating for capping the allowable total Super contributions to $50K this year and just a sh!tty $25K next year. I'll lose way more than those paltry gains in extra tax up to 55. Qunts.

How?

For the slow Banjo, the $25K that I could've put into Super at 15% tax will be taxed at 50%. Last I looked 50% was a sh!tload more than 15%. Thick qunt.

[Big Dog]

Wait a minute, this can't be right. The Coalition swore than a carbon price would be the end of the world as we know it and all those 2GB listening pensioners protested in Canberra along the same lines...


Pension investors will benefit from carbon tax relief
By Andrew Tsanadis on 27 September 2011

Pension investors aged between 55 and 59 could save hundreds of dollars as part of the Government's proposed carbon tax relief package, according to National Australia Bank (NAB).

In a recent analysis by MLC Technical Services, they found that under the Clean Energy (Income Tax Rates Amendments) Bill 2011 pension investors are likely to receive an additional $1500 in taxable pension income, without paying any tax, from 1 July 2012. Then from 1 July 2015, they are likely to receive $2,000 in tax-free income when compared to the current year, MLC found.

Currently, a pension investor aged between 55 and 59 are eligible to receive taxable income payments of up to $48,158 before income tax is payable.

According to the analysis, if the bill is passed this figure will increase to $49,753 from 2012 and $50,189 from 1 July 2015.

"This is great news for pension investors in the 55 to 59 age group, including those who have started a transition to retirement pension," said MLC Technical Services head Gemma Dale.

"This means they can draw more income, if required, from their pension investment without paying any tax."

Dale said the carbon relief measures should result in a tax saving of around $280 in 2012 (if the legislation takes effect) and $360 in 2015, after taking into account the 15 per cent pension tax offset.

"This makes using super money to start a pension investment even more attractive, given you can also receive unlimited tax-free income payments at age 60 or over, as well as possible Centrelink income test concessions," Dale said.

That extra drawdown of their own funds should just about cover the price gouges from all the companies that get slugged the "Feel Good about Doing Garq All To Reduce Carbon Not-A-Great-Big-New-Tax"

Aye...the whole thing is just more smoke & mirrors Bullcarp.

[Bradman]

[quote="skully"]

Doesn't go anywhere near compensating for capping the allowable total Super contributions to $50K this year and just a sh!tty $25K next year. I'll lose way more than those paltry gains in extra tax up to 55. Qunts.

How?

For the slow Banjo, the $25K that I could've put into Super at 15% tax will be taxed at 50%. Last I looked 50% was a sh!tload more than 15%. Thick qunt.[/quote

What's super?

[JGK]

I didn't realise that Andrew Bolt had Subi roots.

Bolt's dummy spit...

[Mick Sawyer]

Mick waving his so-called economic cred around.

How's those portfolios going, Mick? Mine's just fine thanks, after I ignored my dickhead financial advisor's advice. No exposure to the current bleeding like all your clients.

skully may be I did sell you short. Here's your chance. Explain your understanding of what happens to an Australian federal goverment surplus.

Your portfolio is doing well? Terrific.

Have you changed advisor yet?

[embee]

"I am concerned that people in some of the circles I mix, on my side of politics, increasingly seem to think that they should write, or invoke, or resurrect, laws that will shut Andrew Bolt up,'' Paul Howes

"Andrew #Bolt has the right to free speech and we have the right to not listen.'' Catherine Deveny

[skully]

Mick waving his so-called economic cred around.

How's those portfolios going, Mick? Mine's just fine thanks, after I ignored my dickhead financial advisor's advice. No exposure to the current bleeding like all your clients.

skully may be I did sell you short. Here's your chance. Explain your understanding of what happens to an Australian federal goverment surplus.

Your portfolio is doing well? Terrific.

Have you changed advisor yet?

Speaking of slow Banjos.

[Mick Sawyer]

Mick waving his so-called economic cred around.

How's those portfolios going, Mick? Mine's just fine thanks, after I ignored my dickhead financial advisor's advice. No exposure to the current bleeding like all your clients.

skully may be I did sell you short. Here's your chance. Explain your understanding of what happens to an Australian federal goverment surplus.

Your portfolio is doing well? Terrific.

Have you changed advisor yet?

Speaking of slow Banjos.

Withering. I'll stick with my original assumption.

[Mick Sawyer]

"Andrew #Bolt has the right to free speech and we have the right to not listen.'' Catherine Deveny

This qunt is habitual with distortions and half truths. I very pleased the court recognised that his right to free speech does not include making sh!t up to garnish his bigotry.

[Zat]

And yet Alan Jones is allowed to lie with every second sentence he utters.

[Big Dog]

This qunt is habitual with distortions and half truths

...as opposed to the left who have a distorted reality and regularly believe their own lies.

[Mick Sawyer]

This qunt is habitual with distortions and half truths

...as opposed to the left who have a distorted reality and regularly believe their own lies.

Care to put up some evidence BD or are you competing with skully for empty vessel of the month?

[embee]

Gillard believes she's doing a good job

Swann thinks he saved us from a recession

Rudd thinks that God worships him

Albanese had a whinge in Question Time the other week about Abbott being a wreckerwho was stopping the parliment being efficient and then bragged about the 191 pieces of legislation they'd got through the HoR

[Big Dog]

This qunt is habitual with distortions and half truths

...as opposed to the left who have a distorted reality and regularly believe their own lies.

Care to put up some evidence BD or are you competing with skully for empty vessel of the month?

Ah.....Micks favorite defence....

Actually, i was speaking generally, not specifically but there are no end of examples. I could even go back to the Children Overboard farce. The (far) left were so c*ck sure that Howard would be rolled at the next election because of it. I can still hear the howls of disbelief when he was returned with an increased majority. The left simply could'nt understand that the majority of people saw through the crap they were putting up & dismissed it for the non event that it was. This is the perenial weakness of the (far) left that they can never get their heads out of their own @rses long enough to see what is really going on.

[embee]

How about the regular pinkos cry that Howard said "no GST" and then brought one in ...forgetting about the elections in between the events especially the one where it was a major policy push to be re-elected

[JGK]

This qunt is habitual with distortions and half truths

...as opposed to the left who have a distorted reality and regularly believe their own lies.

Care to put up some evidence BD or are you competing with skully for empty vessel of the month?

Ah.....Micks favorite defence....

Actually, i was speaking generally, not specifically but there are no end of examples. I could even go back to the Children Overboard farce. The (far) left were so c*ck sure that Howard would be rolled at the next election because of it. I can still hear the howls of disbelief when he was returned with an increased majority. The left simply could'nt understand that the majority of people saw through the crap they were putting up & dismissed it for the non event that it was. This is the perenial weakness of the (far) left that they can never get their heads out of their own @rses long enough to see what is really going on.

So the Left was a bit like the Right now and their bleating about how Gillard stole the election with a lie.

[Big Dog]

So the Left was a bit like the Right now and their bleating about how Gillard stole the election with a lie.

You are drawing an extremely long bow there JGK.

[JGK]

You may be right. The children overboard affair was proven to be an actual and deliberate lie from the government at the time. The carbon price is at best a necessary broken promise.

[Big Dog]

The carbon price is at best a necessary broken promise

Thanks.....i think you just proved my original point.

[JGK]

I have no doubt that in your alternate reality of Toryhood that you fully believe you original point.

[Big Dog]

I have no doubt that in your alternate reality of Toryhood that you fully believe you original point.

Judging from the polls, the majority of the country also does.

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