Flood Levy

Old Jan 27th 2011, 12:48 am
  #1  
BE Forum Addict
Thread Starter
 
Joined: Jul 2010
Location: Melbourne
Posts: 2,442
Deancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond repute
Default Flood Levy

Gillard has just announced a flood levy...

Good idea/bad idea? Do you agree with it?

I think if you are going to build your house in flood prone areas then you've only yourself to blame when it gets flooded. So why should we all have to pay for it?
Deancm_MKII is offline  
Old Jan 27th 2011, 12:54 am
  #2  
Proudly Deplorable
 
Amazulu's Avatar
 
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Amazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond repute
Default Re: Flood Levy

Originally Posted by Deancm_MKII
Gillard has just announced a flood levy...

Good idea/bad idea? Do you agree with it?

I think if you are going to build your house in flood prone areas then you've only yourself to blame when it gets flooded. So why should we all have to pay for it?
No I don't - whatever/how much it is. Cut some middle-class welfare (baby bonus, maternity leave etc), slash the NBN, fire 10 000 civil servants, but no new taxes. We pay too much already.
Amazulu is offline  
Old Jan 27th 2011, 12:57 am
  #3  
BE Forum Addict
 
freebo's Avatar
 
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
freebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond repute
Default Re: Flood Levy

Originally Posted by Amazulu
No I don't - whatever/how much it is. Cut some middle-class welfare (baby bonus, maternity leave etc), slash the NBN, fire 10 000 civil servants, but no new taxes. We pay too much already.
Looks like its 0.5% for those earning $50k-100k, 1% over $100k and those under $50k (and the flood victims themselves) pay nothing.

Also Employee Sponsored temp migrants to be processed in 5 days.

Last edited by freebo; Jan 27th 2011 at 1:00 am.
freebo is offline  
Old Jan 27th 2011, 12:57 am
  #4  
BE Forum Addict
Thread Starter
 
Joined: Jul 2010
Location: Melbourne
Posts: 2,442
Deancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond repute
Default Re: Flood Levy

Originally Posted by Amazulu
No I don't - whatever/how much it is. Cut some middle-class welfare (baby bonus, maternity leave etc), slash the NBN, fire 10 000 civil servants, but no new taxes. We pay too much already.
Gillard's a f*****g idiot!
Deancm_MKII is offline  
Old Jan 27th 2011, 1:03 am
  #5  
Lost in BE Cyberspace
 
Joined: Apr 2004
Posts: 10,375
jad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond repute
Default Re: Flood Levy

Originally Posted by Deancm_MKII
Gillard's a f*****g idiot!
So over 100k ( peanuts for a family ) you will pay 2.5% even if you pay prvate health insurance on top.

This has to be a joke.
jad n rich is offline  
Old Jan 27th 2011, 1:06 am
  #6  
Proudly Deplorable
 
Amazulu's Avatar
 
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Amazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond repute
Default Re: Flood Levy

Originally Posted by Deancm_MKII
Gillard's a f*****g idiot!
1 f**king percent! Way too much. These morons need to stop thinking that $100k is a high income.
Amazulu is offline  
Old Jan 27th 2011, 1:13 am
  #7  
BE Forum Addict
 
freebo's Avatar
 
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
freebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond repute
Default Re: Flood Levy

Originally Posted by Amazulu
1 f**king percent! Way too much. These morons need to stop thinking that $100k is a high income.
Gonna cost me the equiv of a new TV too

She also reckons there cutting back on infrastructure spending to pay for it as well.

The 'Green car rebate scheme' has also been abolished WeverTF that was. Something to do with LPG?
freebo is offline  
Old Jan 27th 2011, 1:16 am
  #8  
BE Forum Addict
Thread Starter
 
Joined: Jul 2010
Location: Melbourne
Posts: 2,442
Deancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond reputeDeancm_MKII has a reputation beyond repute
Default Re: Flood Levy

Originally Posted by freebo
Gonna cost me the equiv of a new TV too

She also reckons there cutting back on infrastructure spending to pay for it as well.

The 'Green car rebate scheme' has also been abolished WeverTF that was. Something to do with LPG?
This Labor govt. really hasn't got a clue.

And the best of it is the actual flood victims are exempt.
Deancm_MKII is offline  
Old Jan 27th 2011, 1:39 am
  #9  
 
Centurion's Avatar
 
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Centurion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond reputeCenturion has a reputation beyond repute
Default Flood Levy - Enjoy your tax rise

http://www.theaustralian.com.au/nati...-1225995430400

A levy of 0.5 per cent will be applied on taxable income between $50,001 and $100,000 and a levy of 1 per cent will be applied on taxable income above $100,000. Anyone earning under $50,000 will not pay the levy.

The funny thing is that you just know that the money is going to spent so badly or just replacing things on flood plains which might just end up getting washed away. We can look forward to seeing new concrete crap we don't need no doubt in order to spend all the money and look impressive. Again.

So, tax me more, put my water & electricity bills up, let me pay heaps more on the already ridiculous price of food. It'll be fine. At least I can download p*rn quicker in a few years. If thats till allowed to be viewed and not blacklisted.
Centurion is offline  
Old Jan 27th 2011, 1:45 am
  #10  
Gone Senile Member
 
Sandra's Avatar
 
Joined: Sep 2001
Location: Sydney
Posts: 3,014
Sandra has a reputation beyond reputeSandra has a reputation beyond reputeSandra has a reputation beyond reputeSandra has a reputation beyond reputeSandra has a reputation beyond reputeSandra has a reputation beyond reputeSandra has a reputation beyond reputeSandra has a reputation beyond reputeSandra has a reputation beyond reputeSandra has a reputation beyond reputeSandra has a reputation beyond repute
Default Re: Flood Levy

How are they going to collect the bloody money!

This is a different classification of tax and not inline with current calculations of medicare (which is calculated as an addition on top of normal marginal tax) and having people exempt means exceptions (ok obvious I know)

As a person who designs payroll systems this is complete B*llocks

And the SMH reported Gillard as stating it would be around $5 per week for incomces over 100,000 - she can't even do basic maths of 1%

Hate it Hate it
Sandra is offline  
Old Jan 27th 2011, 1:46 am
  #11  
Lost in BE Cyberspace
 
Joined: Apr 2004
Posts: 10,375
jad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond repute
Default Re: Flood Levy - Enjoy your tax rise

Originally Posted by Centurion
http://www.theaustralian.com.au/nati...-1225995430400

A levy of 0.5 per cent will be applied on taxable income between $50,001 and $100,000 and a levy of 1 per cent will be applied on taxable income above $100,000. Anyone earning under $50,000 will not pay the levy.

The funny thing is that you just know that the money is going to spent so badly or just replacing things on flood plains which might just end up getting washed away. We can look forward to seeing new concrete crap we don't need no doubt in order to spend all the money and look impressive. Again.

So, tax me more, put my water & electricity bills up, let me pay heaps more on the already ridiculous price of food. It'll be fine. At least I can download p*rn quicker in a few years. If thats till allowed to be viewed and not blacklisted.

The lucky country ahumm....

Another example of the ridiculous.

Down in bris, as always total traffic congestion, bus displays sign saying each bus takes 40 cars off the road, underneath a small sign showing up to 30% fare increase, with another 75% increase over next 3 years, ( pre-flood).

The phrase couldnt run a piss up in a brewery springs to mind...
jad n rich is offline  
Old Jan 27th 2011, 1:50 am
  #12  
BE Forum Addict
 
freebo's Avatar
 
Joined: Feb 2008
Location: Hope Island, Gold Coast
Posts: 1,920
freebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond reputefreebo has a reputation beyond repute
Default Re: Flood Levy

Originally Posted by Sandra
How are they going to collect the bloody money!

This is a different classification of tax and not inline with current calculations of medicare (which is calculated as an addition on top of normal marginal tax) and having people exempt means exceptions (ok obvious I know)

As a person who designs payroll systems this is complete B*llocks

And the SMH reported Gillard as stating it would be around $5 per week for incomces over 100,000 - she can't even do basic maths of 1%

Hate it Hate it
Don't know the details but apperently it will be collected "at the same time as the Medicare Levy"



The way I understand it is someone on $100,000 is taxed on $50,000 @ 0.5% =$250 / 52 = $4.81 pw. Stating it weekly makes it sound less, overall it will cost the person $250 (the tax runs for 1 year AFAIK).

Someone on a higher income of say $150,000 = $14.42 pw or $750 pa.

http://resources.news.com.au/files/2...-floodlevy.pdf

Last edited by freebo; Jan 27th 2011 at 1:53 am.
freebo is offline  
Old Jan 27th 2011, 1:51 am
  #13  
(It's not my real name)
 
renth's Avatar
 
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
renth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond reputerenth has a reputation beyond repute
Default Re: Flood Levy - Enjoy your tax rise

"The problem with socialism is that you eventually run out of other people's money"

renth is offline  
Old Jan 27th 2011, 1:53 am
  #14  
Lost in BE Cyberspace
 
Joined: Apr 2004
Posts: 10,375
jad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond reputejad n rich has a reputation beyond repute
Default Re: Flood Levy

Originally Posted by Sandra
How are they going to collect the bloody money!

This is a different classification of tax and not inline with current calculations of medicare (which is calculated as an addition on top of normal marginal tax) and having people exempt means exceptions (ok obvious I know)

As a person who designs payroll systems this is complete B*llocks

And the SMH reported Gillard as stating it would be around $5 per week for incomces over 100,000 - she can't even do basic maths of 1%

Hate it Hate it
I first thought it was in with the medicare levy, but its not, and is it now first 50,000 of income exempt??

Does the opposition have to approve this?

One thing I wish this country would get to grips with. Given the cost of everything in OZ a family on $100,000 is NOT wealthy, well off or anything like it, in fact if that was your only income and you had a mortage I would think you would struggle if anything.
jad n rich is offline  
Old Jan 27th 2011, 1:55 am
  #15  
Lost in BE Cyberspace
 
ozzieeagle's Avatar
 
Joined: Feb 2005
Posts: 15,526
ozzieeagle has a reputation beyond reputeozzieeagle has a reputation beyond reputeozzieeagle has a reputation beyond reputeozzieeagle has a reputation beyond reputeozzieeagle has a reputation beyond reputeozzieeagle has a reputation beyond reputeozzieeagle has a reputation beyond reputeozzieeagle has a reputation beyond reputeozzieeagle has a reputation beyond reputeozzieeagle has a reputation beyond reputeozzieeagle has a reputation beyond repute
Default Re: Flood Levy

It's for one year.... so big deal. Not exactly going to bankrupt anyone is it, and it will save victims becoming bankrupt.

If we get the same devastation from similar floods within say the next 25-30 years then a totally different approach maybe in order.

I"ll leave the collection part up to my accountant, but I should imagine it will be an end of year tax levy on ones tax form.

Re the 5 dollars PW on the 100k I wonder how the tax thresholds will work on the calculation.
ozzieeagle is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.