Re: Flood Levy
 

I am a div and typed that wrong!

levy will be $850! sorry

Peoplesoft/SAP/Oracle - does pay well just not that well:rolleyes:

Re: Flood Levy
 

:rofl:

Re: Flood Levy
 

Yes ... we've scrapped the Ansett levy, honest ... and passed on all the savings ... honest. Truth is, once prices go up they rarely go down (levy was scrapped, but fuel went up or fart tax was increased) ... either way, I never got to travel so doesn't matter :lol:

And I know it's not to rebuild the houses, but the people that live there use the bridges, roads etc. So we will pay the levy this time ... but the govt should impose an annual risk levy on the people that need this infrastructure. Then if it doesn't get used (no natural disaster), they can get a rebate once it reaches enough for a single rebuild perhaps.

Re-Hired WOO HOO :rofl:

Re: Flood Levy
 

As I said earlier in this thread.... you can expect this levy to remain permanently and become a permanent 'Disaster Relief Fund'.

Re: Flood Levy
 

I would agree that not everyone gets a tax rebate, but when you say in fact a large majority do not , I have to ask: Are you sure about your calculations on that ?

In 2006-07, from ATO records, 80% of Australian Tax payers received a refund of tax at the end of the year. The average refund was $1,998. The number of tax refunds given was 9.9 million, out of the 11.8 million taxpayers. the fact appears to be that "a small minority do not".

Re: Flood Levy
 

Competition drives the prices down again. Since the Ansett levy was scrapped prices have risen and dropped dramatically many times with the ebb and flow of competition.

We all have a vested interest in the infrastructure being re-built. Australia is losing massive export dollars from mine closures, road and rail shipping issues etc. Farmers will be struggling to transport food to the rest of Australia etc. Money coming into the Australian economy affects us all regardless of whether in comes in through WA, Qld, Vic or elsewhere. The actual mine may be situated in Qld but the head office may be in Melbourne, the engineers in Sydney or Perth. Nothing is purely local anymore. I don't think a few farmers who live near these roads/rail should be the only ones to foot the bill for infrastructure that a lot of us benefit from indirectly.

Re: Flood Levy
 

Thats my way of thinking

Some of us get an average BILL of $1000. Which has just got bigger due to the levy. And that's with one employer, the flipping government, who as I've said before should be able to get the tax rates right at the start. I can't claim for anything, before people start down that road again, I have one income and no savings/investments etc, its about as straightforward as any financial position could possibly be, but every July the bill gets bigger.

Re: Flood Levy
 

Fine - I should of qualifed myself - with the average being this amount you quote - not all that many people will be getting the amount of money refunded to allow the levy to be paid in full.

Re: Flood Levy
 

Meanwhile back in the UK....

Higher tax rate to hit 750,000 more people, says IFS

Three-quarters of a million more people are set to become higher-rate taxpayers in April, according to a leading economic research body.

About 750,000 people will start paying the higher 40% income tax rate on their earnings from 5 April, says the Institute for Fiscal Studies (IFS).

The threshold at which the higher rate kicks in is to be £35,001, down from £37,400 this financial year.

Chancellor George Osborne told the BBC he had to make hard economic decisions.

Speaking to the Politics Show on Sunday Mr Osborne said no politician liked cutting spending and increasing taxes, but he was trying to clear up the "mess" Labour had left.

He added: "I feel every day a huge responsibility to get these decisions right for Britain."

The IFS estimates the average household will be £200 a year worse off as a result of tax increases and benefit cuts.

From the start of the next tax year, the government is also increasing the main rate at which National Insurance is charged.

However, the IFS also says half a million people will no longer pay income tax, following the £1,000 increase in the amount people can earn tax-free being raised to £7,475.

http://www.bbc.co.uk/news/business-12321524

Re: Flood Levy
 

No doubt by the end of the week we'll be hit with a (one-off, natch) "Cyclone levy".

Cynical? Moi?

(Only half in jest.)

Re: Flood Levy
 

YASI Levy (Yet Another Stupid Income-tax)

handy.

Re: Flood Levy
 

From the day I started earning a wage I always assumed 33% of it would go in tax in some form or another. So even as a glass washer, a waiter, a postman, and now an IT consultant, I can look at my Gross wage, subtract 33% and I know what my Net wage will be.

They can call it National Insurance in the UK, or Super in Oz, or whatever in the Republic of Ireland, or now they can call it a levy, but it always comes to 33% of my Gross pay, regardless of whether I'm working in a coleslaw factory or head of an IT team.

They have obviously figured out that 33% is the breaking point of the proletariat.;). If it goes to 34%, the revolution begins!

JTL

Re: Flood Levy
 

? super is not part of your income to be taxed.

Re: Flood Levy
 

The post isn't nasty,I'm just one of those blunt straight to the point kind of people.''

If you are going to pay $850 in levy then you are earning $160k per year,$250 for the first 100K and 1% of 60k is $600 thus $850 levy.These are round numbers.

How you spend your money is your own business,but it hardly seems a huge impost to find slightly over 0.5% of your gross income for a levy,again round numbers.

My post clearly stated if you had to pay the tax office then this would be added to your bill,everybody getting a rebate has nothing to do with it.You either get a rebate or you pay,I covered both scenarios.

Should it be a weekly payment those extra costs would be ridiculous,I agree with you.

Geordie downunder

Re: Flood Levy
 

So I can refuse to pay it?

If not, then it is a tax. :rolleyes:

JTL