View Poll Results: Is Julia Gillard a bare-faced liar?
Gillard is justified in breaking her pre-election promise.
14
18.67%
Gillard is a bare faced liar and has no mandate to impose a carbon tax.
61
81.33%
Voters: 75. You may not vote on this poll
Carbon Tax: Julia Gillard a Bare Faced Liar?
Feb 25th 2011 | 10:12 am
#91
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Joined: Sep 2002
Posts: 12,469
From: Ilukapool. WA
Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
The ATO does differentiate between the two but there is a bit of a grey area as to when an investor becomes a trader and it usually is decided on volumes of trade and the instruments traded.
Feb 25th 2011 | 10:16 am
#92
Democracy advocate
Joined: Mar 2006
Posts: 13,313
Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
If you trade you have to declare it as income/loss. If you buy and hold then it's CGT.
The ATO does differentiate between the two but there is a bit of a grey area as to when an investor becomes a trader and it usually is decided on volumes of trade and the instruments traded.
The ATO does differentiate between the two but there is a bit of a grey area as to when an investor becomes a trader and it usually is decided on volumes of trade and the instruments traded.
In addition to being unregulated, these financial institutions also reap substantial benefits from special tax provisions that, like the regulatory framework, are no longer appropriate. The professional fund managers of these hedge funds and private equity firms are allowed to treat a substantial portion of their compensation as capital gains, meaning they are most likely taxed at 15% rather than the 35% rate that applies to ordinary income such as wages and salary. Such an exemption, however, makes little sense: in economic terms, the fund managers (also known as investment advisors) perform a professional service, much like lawyers or doctors, and receive remuneration for their labor.
Feb 25th 2011 | 10:23 am
#93
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Joined: Sep 2002
Posts: 12,469
From: Ilukapool. WA
Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
Feb 25th 2011 | 10:48 am
#94
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From: Brisbane, Australia
Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
The government could be made much smaller if they really wanted to. For instance; introduce a low, flat rate tax with no allowances, benefits etc, bring in self-certification and no need to submit tax returns - you could reduce ATO and Centrelink staff by 75%, saving billions.
etc
etc
Feb 25th 2011 | 11:19 am
#95
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Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
Speaking of Alan Jones. This interview with Juliar Gillard is priceless...
http://www.2gb.com/index2.php?option...k=view&id=8186
http://www.2gb.com/index2.php?option...k=view&id=8186
I listened to that clip: he obviously thinks he ranks well above the prime minister - berating her for discourtesy in the most obnoxious way. For god's sake - he's only a (rich) talk radio mouth.
Feb 25th 2011 | 11:23 am
#96
(It's not my real name)
Joined: Sep 2002
Posts: 12,469
From: Ilukapool. WA
Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
Jones is just like Rush Limbaugh and just about anyone on Fox - so far up himself that it's comical.
I listened to that clip: he obviously thinks he ranks well above the prime minister - berating her for discourtesy in the most obnoxious way. For god's sake - he's only a (rich) talk radio mouth.
I listened to that clip: he obviously thinks he ranks well above the prime minister - berating her for discourtesy in the most obnoxious way. For god's sake - he's only a (rich) talk radio mouth.
Feb 25th 2011 | 11:27 am
#97
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Joined: May 2008
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From: Perth
Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
Originally Posted by Rambi;9202044
Although the percentage is the same the poor person is hit harder as they are left with less wealth to establish a comfortable life.
. The people who get hit by the tax are those that are rich enough to be over the allowance but not rich enough to avoid the tax (as mulben said earlier for these people[COLOR="Red"
Although the percentage is the same the poor person is hit harder as they are left with less wealth to establish a comfortable life.
. The people who get hit by the tax are those that are rich enough to be over the allowance but not rich enough to avoid the tax (as mulben said earlier for these people[COLOR="Red"
it costs as much to avoid the tax as the tax itself[/COLOR]). Therefore the UK IHT tends to hit people who are moderately successful.
Feb 25th 2011 | 12:09 pm
#99
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From: Melbourne
Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
Sure there's billions to be saved but I wouldn't take it to the extremes you suggest. I think you're ignoring the law of unexpected consequences and the loss of some efficiencies will end up costing the individual more.
On a technical point. You seem to suggest that consumption taxes are good but seem opposed to carbon tax even though it is a consumption tax.
On a technical point. You seem to suggest that consumption taxes are good but seem opposed to carbon tax even though it is a consumption tax.
Feb 25th 2011 | 12:12 pm
#100
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Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
The suggestion was that people pay 50% with no allowances. Say, for example, someone poor dies with a house worth 100k and 10k cash. The house has to be sold and the inheritor gets 55k. Someone wealthy would have a house worth say 10m but with cash of 100m. They would pass on 55m without needing to sell the house.
Although the percentage is the same the poor person is hit harder as they are left with less wealth to establish a comfortable life.
In a real world example like the UK where you do have an allowance only about 11% of people over the allowance end up paying IHT. This is because those that are able to, put in place provisions to avoid the tax. The people who get hit by the tax are those that are rich enough to be over the allowance but not rich enough to avoid the tax (as mulben said earlier for these people it costs as much to avoid the tax as the tax itself). Therefore the UK IHT tends to hit people who are moderately successful.
As for paying contribution when dead. I think the 35-40% of money earned over a lifetime is enough of a contribution.
Although the percentage is the same the poor person is hit harder as they are left with less wealth to establish a comfortable life.
In a real world example like the UK where you do have an allowance only about 11% of people over the allowance end up paying IHT. This is because those that are able to, put in place provisions to avoid the tax. The people who get hit by the tax are those that are rich enough to be over the allowance but not rich enough to avoid the tax (as mulben said earlier for these people it costs as much to avoid the tax as the tax itself). Therefore the UK IHT tends to hit people who are moderately successful.
As for paying contribution when dead. I think the 35-40% of money earned over a lifetime is enough of a contribution.
Feb 25th 2011 | 12:14 pm
#101
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From: Melbourne
Feb 25th 2011 | 12:17 pm
#102
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From: Melbourne
Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
And so they should get free manna from heaven. That wealth is the families wealth and the govt has absolutely no right to it. Especially considering that the govt has previously taxed that wealth.
Feb 25th 2011 | 12:21 pm
#103
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From: Melbourne
Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
Feb 25th 2011 | 12:24 pm
#104
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From: Brisbane, Australia
Feb 25th 2011 | 12:26 pm
#105
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From: Melbourne
Re: Carbon Tax: Julia Gillard a Bare Faced Liar?
I listened to that clip: he obviously thinks he ranks well above the prime minister - berating her for discourtesy in the most obnoxious way. For god's sake - he's only a (rich) talk radio mouth.
