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-   -   Increase to the tax free threshold (https://britishexpats.com/forum/barbie-92/increase-tax-free-threshold-763551/)

lapin_windstar Jul 3rd 2012 12:02 am

Re: Increase to the tax free threshold
 

Originally Posted by anawanahuanana (Post 10151528)
Maybe I'm just too cynical then but nothing "good" ...is cheaper than the "bad" alternatives, which is why they are still so popular. If there was a way for company X to be creating whatever they do in a cheaper way, more environmentally friendly or not, they would be doing it.

Well, yeah - I don't think anyone's arguing that emitters are emitting pollutants at current levels because they like emitting pollutants. They're emitting pollutants at that level because it's the cheapest way of producing their product.

The government has taken the view that it is necessary to reduce the level of pollution. One way to ensure polluters pollute less is to make pollution expensive. The way that they go about polluting less is up to them.

One can certainly criticise many things about the carbon tax but the idea of changing the market's behaviour by applying taxation and subsidy is nothing new or complicated. Tax it and they'll do less; subsidise it and they'll do more.

NedKelly Jul 3rd 2012 10:34 am

Re: Increase to the tax free threshold
 

Originally Posted by lapin_windstar (Post 10152214)
Well, yeah - I don't think anyone's arguing that emitters are emitting pollutants at current levels because they like emitting pollutants. They're emitting pollutants at that level because it's the cheapest way of producing their product.

The government has taken the view that it is necessary to reduce the level of pollution. One way to ensure polluters pollute less is to make pollution expensive. The way that they go about polluting less is up to them.

One can certainly criticise many things about the carbon tax but the idea of changing the market's behaviour by applying taxation and subsidy is nothing new or complicated. Tax it and they'll do less; subsidise it and they'll do more.

Well for a start carbon dioxide isn't a pollutant so this tax will do nothing to stop pollution.

Vash the Stampede Jul 4th 2012 10:33 pm

Re: Increase to the tax free threshold
 

Originally Posted by bcworld (Post 10149529)
http://www.exfin.com/australian-tax-rates

2011-12 $80k = $17,550 tax
2012-13 $80k = $17,547 tax

...enjoy the extra $3...oh wait...did someone say flood levy! :p

Yes. Specifically, they said 'the flood levy ended 5 days ago.'


What is the flood levy?

The government has introduced a temporary flood and cyclone reconstruction levy (flood levy), which applies to taxable income for the 2011-12 financial year only.

The flood levy is designed to help affected communities recover from the recent natural disasters by providing additional funding to rebuild essential infrastructure - for example, roads, bridges and schools.

The flood levy applied to taxable income from 1 July 2011 to 30 June 2012. The flood levy will no longer apply to income derived on or after 1 July 2012.

Last Modified: Wednesday, 4 July 2012
(Source).

bcworld Jul 4th 2012 10:41 pm

Re: Increase to the tax free threshold
 

Originally Posted by Vash the Stampede (Post 10155886)
Yes. Specifically, they said 'the flood levy ended 5 days ago.'



(Source).

Yup...and when I do my tax return I'm sure I'll be paying a bit more than $3 in flood levy that hasn't already been collected by PAYE.

lapin_windstar Jul 6th 2012 12:35 am

Re: Increase to the tax free threshold
 

Originally Posted by NedKelly (Post 10153299)
Well for a start carbon dioxide isn't a pollutant so this tax will do nothing to stop pollution.

You're falling into the Alan Jones fallacy, aren't you?

NedKelly Jul 6th 2012 10:59 am

Re: Increase to the tax free threshold
 

Originally Posted by lapin_windstar (Post 10158091)
You're falling into the Alan Jones fallacy, aren't you?

Regardless of anything Alan Jones, Penny Wong and the Queen of Sheeba says, carbon dioxide is defiantly not a pollutant. The term "carbon pollution" is the fallacy.

bcworld Jul 6th 2012 11:15 am

Re: Increase to the tax free threshold
 

Originally Posted by NedKelly (Post 10158965)
carbon dioxide is defiantly not a pollutant.

Yeah - go CO2...you tell em!

NedKelly Jul 6th 2012 11:21 am

Re: Increase to the tax free threshold
 

Originally Posted by bcworld (Post 10158976)
Yeah - go CO2...you tell em!

The wonders of spelling checkers! :rofl:

lapin_windstar Jul 6th 2012 10:19 pm

Re: Increase to the tax free threshold
 

Originally Posted by NedKelly (Post 10158965)
Regardless of anything Alan Jones, Penny Wong and the Queen of Sheeba says, carbon dioxide is defiantly not a pollutant. The term "carbon pollution" is the fallacy.

Why not? Why?

NedKelly Jul 6th 2012 10:40 pm

Re: Increase to the tax free threshold
 

Originally Posted by lapin_windstar (Post 10159596)
Why not? Why?

Why not what?


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