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-   The Barbie (https://britishexpats.com/forum/barbie-92/)
-   -   Share the pain (https://britishexpats.com/forum/barbie-92/share-pain-832483/)

ozzieeagle May 21st 2014 10:43 am

Re: Share the pain
 
8 months into Abbots tenure and Australian society is already more fragmented than it's been since the Whitlam v Governer General crisis of 1975.

He's got 4 weeks left.

Beoz May 21st 2014 10:48 am

Re: Share the pain
 

Originally Posted by knockoff nige (Post 11270785)
I think you've seen your contradiction. Moving on indeed.

Wrong but nice try Kev. :)

Swerv-o May 21st 2014 2:07 pm

Re: Share the pain
 

Originally Posted by Beoz (Post 11269703)
That would be fair, but Im told we need to remove the debt.

actually second thought, no, just remove NG. Its an unfair tax break.


Lot's of tax breaks are unfair though - and generally favour those in higher paid employment or whose companies offer salary packaging. A lot of people don't get the opportunity to take advantage of these legal breaks.

Perhaps we should consider basing taxation on an employees gross income rather than the marginal rate after the tax breaks have been applied?


S

Amazulu May 21st 2014 2:31 pm

Re: Share the pain
 

Originally Posted by Swerv-o (Post 11271005)
Lot's of tax breaks are unfair though - and generally favour those in higher paid employment or whose companies offer salary packaging. A lot of people don't get the opportunity to take advantage of these legal breaks.

Perhaps we should consider basing taxation on an employees gross income rather than the marginal rate after the tax breaks have been applied?


S

Not unfair

A lot of higher income earners actually pay tax

A large proportion of low income earners do not

old.sparkles May 21st 2014 2:38 pm

Re: Share the pain
 

Originally Posted by Amazulu (Post 11271030)
Not unfair

A lot of higher income earners actually pay tax

A large proportion of low income earners do not

Everyone pays tax - one of the guarantees in life. Whether or not the government of your country gives you more back in benefits than you pay is another story.

Is a high income earner claiming x amount of NG or other tax break a better person than a low income earner getting x amount in benefits?

knockoff nige May 21st 2014 2:41 pm

Re: Share the pain
 

Originally Posted by old.sparkles (Post 11271037)
Everyone pays tax - one of the guarantees in life. Whether or not the government of your country gives you more back in benefits than you pay is another story.

Is a high income earner claiming x amount of NG or other tax break a better person than a low income earner getting x amount in benefits?

Agreed. The tax dodgers are at the top. People don't earn minimum wage just to avoid paying tax.

Amazulu May 21st 2014 2:45 pm

Re: Share the pain
 

Originally Posted by old.sparkles (Post 11271037)
Everyone pays tax - one of the guarantees in life. Whether or not the government of your country gives you more back in benefits than you pay is another story.

Then they are paying no tax - and there is a high cost bureaucracy to adminster the system

Amazulu May 21st 2014 2:46 pm

Re: Share the pain
 

Originally Posted by knockoff nige (Post 11271042)
Agreed. The tax dodgers are at the top. People don't earn minimum wage just to avoid paying tax.

Tax dodgers are at every level of society

Plenty of low income earners at it too

Part of the black economy

Amazulu May 21st 2014 2:52 pm

Re: Share the pain
 
Because our governments (in any country) waste so much of our money, I will legally try and minimise the tax that I pay. I will not pay a penny more than I can get away with

If people and companies are using legal ways to pay the least amount of tax, then that's not their problem but rather the government's for allowing these loopholes to be in place

One of the reason's that the UK is a great place to work is all the individual tax dodges that are available - it really is a paradise for independent contractors/freelancers

knockoff nige May 21st 2014 3:03 pm

Re: Share the pain
 

Originally Posted by Amazulu (Post 11271047)
Tax dodgers are at every level of society

Plenty of low income earners at it too

Part of the black economy

Yes crime is bad. But I was talking about legal tax dodgers.

Amazulu May 21st 2014 3:09 pm

Re: Share the pain
 

Originally Posted by knockoff nige (Post 11271058)
Yes crime is bad. But I was talking about legal tax dodgers.

Equally applies

Swerv-o May 21st 2014 3:44 pm

Re: Share the pain
 

Originally Posted by Amazulu (Post 11271030)
Not unfair

A lot of higher income earners actually pay tax

A large proportion of low income earners do not


Sorry - I didn't articulate that well.

I meant more from the perspective that you could have two workers on the same gross income but one has access to $20k worth of tax benefits and the other doesn't - It sets a very uneven playing field before you have even begun.

I certainly don't object to manimising your tax spend though - I don't think that anybody would blame anybody else for that. If the government allow the breaks, then you should take advantage of them. However, it would be fairer if everybody had access to the same breaks, irrespective of income level.


S

knockoff nige May 21st 2014 3:54 pm

Re: Share the pain
 

Originally Posted by Swerv-o (Post 11271073)
Sorry - I didn't articulate that well.

I meant more from the perspective that you could have two workers on the same gross income but one has access to $20k worth of tax benefits and the other doesn't - It sets a very uneven playing field before you have even begun.

I certainly don't object to manimising your tax spend though - I don't think that anybody would blame anybody else for that. If the government allow the breaks, then you should take advantage of them. However, it would be fairer if everybody had access to the same breaks, irrespective of income level.


S

I agree with using the rules to your favour. I don't agree with changing the rules for poorer people so that they afford less. They take advantage of the breaks available to them, many of which are also available to richer people.

Beoz May 21st 2014 5:08 pm

Re: Share the pain
 

Originally Posted by old.sparkles (Post 11271037)
Everyone pays tax - one of the guarantees in life. Whether or not the government of your country gives you more back in benefits than you pay is another story.

Is a high income earner claiming x amount of NG or other tax break a better person than a low income earner getting x amount in benefits?

I know plenty of who I would consider poorer people owning rental properties and using NG to minimize the lose.

Rich or poor isn't the point. The investment type is. If I decide to invest my money in shares and I lose can I NG that? No.

Hence if people, rich or poor, cannot invest wisely then why should our tax pay for their inabilties?

bcworld May 21st 2014 5:19 pm

Re: Share the pain
 

Originally Posted by Beoz (Post 11271103)
The investment type is. If I decide to invest my money in shares and I lose can I NG that? No.

Well actually you can, if you have a margin loan. Just the same as the interest / income from an investment property.


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