Australian Politics Forum - Do High Income Earners Pay Enough Tax,

Maqqa

Gold Member

Offline

14% - that low?!

Posts: 16000

Re: Do High Income Earners Pay Enough Tax,
Reply #30 - Dec 30^th, 2012 at 2:20pm

hadrian_now wrote on Dec 30^th, 2012 at 2:18pm:

It's interesting that the French supreme court has just thrown out the new socialist government's plan for a 75% tax on the wealthy.
You can put taxes up as much as you like but you will only get the upper middle income people, not the wealthy. Maybe that would satisfy the lefties.
The wealthy are always two steps ahead of the tax man.
Does anyone remember Kerry Packer sitting in front of a Senate committee and telling them that anyone who pays more tax than he has to is a mug.

Too right!

Back to top

Bill 14% is not the alcohol content of that wine. It's your poll number

IP Logged

gold_medal

Gold Member

Offline

Australian Politics

Posts: 3897
Gender: male

Re: Do High Income Earners Pay Enough Tax,
Reply #31 - Dec 30^th, 2012 at 2:20pm

Sir lastnail wrote on Dec 30^th, 2012 at 1:11pm:

Maqqa wrote on Dec 30^th, 2012 at 12:12pm:

It's interesting to note:

(1) The ones who thinks the rich are not paying enough tax are the ones not earning enough to be classified as rich

(2) The ones who thinks the rich are not paying enough taxes probably don't know how much tax the rich pays

Did you know that tax was first introduced to tax the rich only ?

I read that in one of those wealth creation books.

Somehow greed incorporated turned it around to aim it at the poor and the rest is history. Now the poor are trying to reclaim lost ground and again greed incorporated is resisting Sad

except that todays poor would be classified as rich by those standards. todays poor has housing food medical care education and govt help. back in those days the govt did none of that.

Back to top

IP Logged

hadrian_now Gold Member Offline Australian Politics Posts: 1041 Gender:	Re: Do High Income Earners Pay Enough Tax, Reply #32 - Dec 30^th, 2012 at 2:24pm According to the ATO tax calculator, the tax to be withheld from a gross weekly of $800 is $109.
Back to top	Disclosure: anything I write may be deemed to be extremist, particularly if it is critical of the ALP or Greens. Look away now if squeamish. Life may be too short, so have a laugh & enjoy. IP Logged

Big Dave Gold Member Offline Australian Politics Posts: 2164 Gender:	Re: Do High Income Earners Pay Enough Tax, Reply #33 - Dec 30^th, 2012 at 2:32pm hadrian_now wrote on Dec 30^th, 2012 at 2:24pm: According to the ATO tax calculator, the tax to be withheld from a gross weekly of $800 is $109. That's not what the pay slip in front of me says. Dated 13th of sept 2012 I earnt $885.55 gross (which is a big pay for me) I payed $215.00 tax.
Back to top	IP Logged

Ex Dame Pansi

Gold Member

Offline

Australian Politics

Posts: 24168

Re: Do High Income Earners Pay Enough Tax,
Reply #34 - Dec 30^th, 2012 at 2:33pm

gold_medal wrote on Dec 30^th, 2012 at 2:20pm:

Sir lastnail wrote on Dec 30^th, 2012 at 1:11pm:

Maqqa wrote on Dec 30^th, 2012 at 12:12pm:

It's interesting to note:

(1) The ones who thinks the rich are not paying enough tax are the ones not earning enough to be classified as rich

(2) The ones who thinks the rich are not paying enough taxes probably don't know how much tax the rich pays

Did you know that tax was first introduced to tax the rich only ?

I read that in one of those wealth creation books.

Somehow greed incorporated turned it around to aim it at the poor and the rest is history. Now the poor are trying to reclaim lost ground and again greed incorporated is resisting Sad

except that todays poor would be classified as rich by those standards. todays poor has housing food medical care education and govt help. back in those days the govt did none of that.

Does it matter what yesterday's standards were?

Today, the poor still can't get dental treatment or good quality food to prolong health and wellbeing. They are homeless and cold in winter.

Many homeless people are homeless because they can't get mental health care and have been neglected by the government.

You live in dreamland longy.

Back to top

"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

IP Logged

hadrian_now Gold Member Offline Australian Politics Posts: 1041 Gender:	Re: Do High Income Earners Pay Enough Tax, Reply #35 - Dec 30^th, 2012 at 2:34pm Then you haven't quoted your TFN, you're being dunned for child support or your boss is a crook!
Back to top	Disclosure: anything I write may be deemed to be extremist, particularly if it is critical of the ALP or Greens. Look away now if squeamish. Life may be too short, so have a laugh & enjoy. IP Logged

Big Dave Gold Member Offline Australian Politics Posts: 2164 Gender:	Re: Do High Income Earners Pay Enough Tax, Reply #36 - Dec 30^th, 2012 at 2:36pm hadrian_now wrote on Dec 30^th, 2012 at 2:34pm: Then you haven't quoted your TFN, you're being dunned for child support or your boss is a crook! Or you are wrong. I work for startrack express who are owned by qantas. I doubt people would be whinging if they were being taxed $100 and earning $800.
Back to top	IP Logged

hadrian_now Gold Member Offline Australian Politics Posts: 1041 Gender:	Re: Do High Income Earners Pay Enough Tax, Reply #37 - Dec 30^th, 2012 at 2:38pm http://www.ato.gov.au/menulink.aspx?42587 Do the math!
Back to top	Disclosure: anything I write may be deemed to be extremist, particularly if it is critical of the ALP or Greens. Look away now if squeamish. Life may be too short, so have a laugh & enjoy. IP Logged

Big Dave

Gold Member

Offline

Australian Politics

Posts: 2164
Gender: male

Re: Do High Income Earners Pay Enough Tax,
Reply #38 - Dec 30^th, 2012 at 2:38pm

Ex Dame Pansi wrote on Dec 30^th, 2012 at 2:33pm:

gold_medal wrote on Dec 30^th, 2012 at 2:20pm:

Sir lastnail wrote on Dec 30^th, 2012 at 1:11pm:

Maqqa wrote on Dec 30^th, 2012 at 12:12pm:

It's interesting to note:

(1) The ones who thinks the rich are not paying enough tax are the ones not earning enough to be classified as rich

(2) The ones who thinks the rich are not paying enough taxes probably don't know how much tax the rich pays

Did you know that tax was first introduced to tax the rich only ?

I read that in one of those wealth creation books.

Somehow greed incorporated turned it around to aim it at the poor and the rest is history. Now the poor are trying to reclaim lost ground and again greed incorporated is resisting Sad

except that todays poor would be classified as rich by those standards. todays poor has housing food medical care education and govt help. back in those days the govt did none of that.

Does it matter what yesterday's standards were?

Today, the poor still can't get dental treatment or good quality food to prolong health and wellbeing. They are homeless and cold in winter.

Many homeless people are homeless because they can't get mental health care and have been neglected by the government.

You live in dreamland longy.

So aborigines aren't poor then?

Back to top

IP Logged

Big Dave Gold Member Offline Australian Politics Posts: 2164 Gender:	Re: Do High Income Earners Pay Enough Tax, Reply #39 - Dec 30^th, 2012 at 2:40pm hadrian_now wrote on Dec 30^th, 2012 at 2:38pm: http://www.ato.gov.au/menulink.aspx?42587 Do the math! How much tax do you pay?
Back to top	IP Logged

hadrian_now Gold Member Offline Australian Politics Posts: 1041 Gender:	Re: Do High Income Earners Pay Enough Tax, Reply #40 - Dec 30^th, 2012 at 2:45pm Where do you get off? That's my business. But I sure as hell know what I should be paying . . .as little as possible!
Back to top	Disclosure: anything I write may be deemed to be extremist, particularly if it is critical of the ALP or Greens. Look away now if squeamish. Life may be too short, so have a laugh & enjoy. IP Logged

Big Dave Gold Member Offline Australian Politics Posts: 2164 Gender:	Re: Do High Income Earners Pay Enough Tax, Reply #41 - Dec 30^th, 2012 at 2:48pm hadrian_now wrote on Dec 30^th, 2012 at 2:45pm: Where do you get off? That's my business. But I sure as hell know what I should be paying . . .as little as possible! You getting a bit touchy because I proved you wrong?
Back to top	IP Logged

hadrian_now Gold Member Offline Australian Politics Posts: 1041 Gender:	Re: Do High Income Earners Pay Enough Tax, Reply #42 - Dec 30^th, 2012 at 2:53pm You haven't even looked it up have you . . .too difficult? No seriously, unless there is something you haven't already disclosed (and I can't imagine why you would want to disclose your private business), then there is something wrong with your figures. For a start you said $800, then you said $885 wasit?
Back to top	Disclosure: anything I write may be deemed to be extremist, particularly if it is critical of the ALP or Greens. Look away now if squeamish. Life may be too short, so have a laugh & enjoy. IP Logged

Big Dave Gold Member Offline Australian Politics Posts: 2164 Gender:	Re: Do High Income Earners Pay Enough Tax, Reply #43 - Dec 30^th, 2012 at 2:59pm Mate you reckon that a person earning $800 gross is paying $109 tax. I told my missus is she just laughed. You are joking aren't you?
Back to top	IP Logged

FRED.

Gold Member

Offline

Australian Politics

Posts: 3698

Re: Do High Income Earners Pay Enough Tax,
Reply #44 - Dec 30^th, 2012 at 3:02pm

Big Dave wrote on Dec 30^th, 2012 at 2:59pm:

Mate you reckon that a person earning $800 gross is paying $109 tax. I told my missus is she just laughed. You are joking aren't you?

The following rates for 2012-13 apply from 1 July 2012.
Taxable income
Tax on this income
0 - $18,200
Nil
$18,201 - $37,000
19c for each $1 over $18,200
$37,001 - $80,000
$3,572 plus 32.5c for each $1 over $37,000
$80,001 - $180,000
$17,547 plus 37c for each $1 over $80,000
$180,001 and over
$54,547 plus 45c for each $1 over $180,000
The above rates do not include the Medicare levy of 1.5% (see Guide to Med

Back to top

IP Logged