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Search: Posts Made By: jayr
Showing results 1 to 14 of 14
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Forum: Australia
Feb 15th 2009, 9:33 pm
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

Note, I didn't state that I earnt $150k. Rather, I pointed out that a family with a single earner with income of $150k pays $15kpa MORE in tax than a family with two incomes of $75k each.

I...
Forum: Australia
Feb 3rd 2009, 6:32 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

To be fair, Government's do not save our taxes paid now for our consumption in the future, they use current revenues (current tax) to fund current liabilities (health, pensions etc.). The baby...
Forum: Australia
Feb 3rd 2009, 5:59 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

Though I think giving money to people with kids MAY increase the amount that gets spent rather than saved. Because kids are expensive parents may indeed use the "back to school" bonus to buy new...
Forum: Australia
Feb 3rd 2009, 5:53 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

Other people's children will be the ones paying taxes which you consume in healthcare etc when old and infirm and not making any income.

Governments understand this and encourage families either...
Forum: Australia
Feb 3rd 2009, 5:09 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

The last one was over $10billion of which $81M is less than 1%.
Forum: Australia
Feb 3rd 2009, 5:08 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

OK but that is not what the "rules" suggest. You essentially need to be Australian resident for tax purposes i.e. earning income and paying tax in Australia. The issue of your actual location, your...
Forum: Australia
Feb 3rd 2009, 5:03 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

There are mixed views on how this "stimulus" should be created. One off hits (like in December) cause one off increase in spending. Tax cuts provide longer term stimulus but are more difficult to...
Forum: Australia
Feb 3rd 2009, 4:30 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

In my example there are families with your income (but two people working instead of one) who not only pay some $11,000 less in tax than you do but are then into the bargain get another $4000.
...
Forum: Australia
Feb 3rd 2009, 4:26 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

With 2 years to go to the election I don't think this has much to do with vote buying. If Kevin "saves us" few will remember or care (or perhaps notice).

Instead I think he really is trying to...
Forum: Australia
Feb 3rd 2009, 4:03 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

after which I'd be even MORE worse off than the $15k suggested
Forum: Australia
Feb 3rd 2009, 3:42 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

So a family with 2 kids and one income of $150,000 get nothing and pay $43,250 annually in tax.

A family of 2 income earners on $75,000 each with 2 kids will get $950 each person and $950 each...
Forum: Australia
Feb 3rd 2009, 3:25 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

It looks like the 457 visa will not prevent you getting the payment for those earning under $100,000. However, as a 457 visa holder you are not eligible for Family Tax Benefit (if I remember...
Forum: Australia
Feb 3rd 2009, 3:08 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

With respect, I don't believe any of that to be true. The Government ahs not announced any distinction (to the best of my knowledge) between people on different visa types nor or their intended...
Forum: Australia
Feb 3rd 2009, 2:27 am
Replies: 187
Views: 16,809
Posted By jayr

Re: $42 billion Stimulus Package

more money that I don't get...

I would be quite happy to pump this money straight back into the economy if only they would give me some.
Showing results 1 to 14 of 14


 
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