Australian Politics Forum - GST Hike To Hit Poor Hard And Leave Rich Unscathed

Kytro

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Re: GST Hike To Hit Poor Hard And Leave Rich Unscathed
Reply #45 - Nov 6^th, 2015 at 11:36am

mariacostel wrote on Nov 6^th, 2015 at 11:16am:

Kytro wrote on Nov 6^th, 2015 at 10:17am:

mariacostel wrote on Nov 6^th, 2015 at 9:16am:

Never heard of it. I doubt though that you could recover all the GST you paid since it is on everything. I wonder how many tourists know of this?

No, it only covers goods (not services) over $300

So it only covers the really big stuff. Thanks. I was not aware of its existence and it does not materially affect the claim that tourists pay the GST.

I'd be interested in seeing how much they generally contribute, but it's not altogether clear from a quick search.

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mariacostel

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Re: GST Hike To Hit Poor Hard And Leave Rich Unscathed
Reply #46 - Nov 6^th, 2015 at 11:50am

Kytro wrote on Nov 6^th, 2015 at 11:36am:

mariacostel wrote on Nov 6^th, 2015 at 11:16am:

Kytro wrote on Nov 6^th, 2015 at 10:17am:

mariacostel wrote on Nov 6^th, 2015 at 9:16am:

Never heard of it. I doubt though that you could recover all the GST you paid since it is on everything. I wonder how many tourists know of this?

No, it only covers goods (not services) over $300

So it only covers the really big stuff. Thanks. I was not aware of its existence and it does not materially affect the claim that tourists pay the GST.

I'd be interested in seeing how much they generally contribute, but it's not altogether clear from a quick search.

We are a big tourist destination. It is fair to think that it is a reasonable amount. A 15% GST would obviously increase that.

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Jovial Monk Gold Member Offline Dogs not cats! Posts: 47305 Gender:	Re: GST Hike To Hit Poor Hard And Leave Rich Unscathed Reply #47 - Nov 6^th, 2015 at 3:15pm Removing the tax exemption on super would yield over $50Bn, much more than any stupid increase in the stupid GST!
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cods

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Re: GST Hike To Hit Poor Hard And Leave Rich Unscathed
Reply #48 - Nov 6^th, 2015 at 3:22pm

Jovial Monk wrote on Nov 6^th, 2015 at 3:15pm:

Removing the tax exemption on super would yield over $50Bn, much more than any stupid increase in the stupid GST!

do you have superfund monk????? Grin

its usually those who dont have it that nominate it.... Wink

it doesnt matter what they do someone will be against it....or they will think up some other way.. they NEED THIS MONEY.. you cannot expect to pay the same taxes year in year out and expect all the same services for it....

it just cant happen..

the most stupid idea was paid maternity leave.. it was/is a shocker.....like most things it would blow up out of all proportion.

its the same with HECS.. its free University....hardly any one pays it back....

yet all those LECTURERS want to be paid.. who do you reckon pays them??????

thats right the stooopid tax payer...plus they demand all new equipment... Roll Eyes

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aquascoot

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Re: GST Hike To Hit Poor Hard And Leave Rich Unscathed
Reply #49 - Nov 6^th, 2015 at 3:56pm

Jovial Monk wrote on Nov 6^th, 2015 at 3:15pm:

Removing the tax exemption on super would yield over $50Bn, much more than any stupid increase in the stupid GST!

dearest monk, we have a national savings problem.
we simply are some of the worlds worst savers.
50 billion left in super adds to the national wealth.
it is an asset (even though privately held) but it still an asset held WITHIN the australian economy and is available in the future.

If you take that 50 billion and give it to the poor to make them less poor (i dispute this anyway, as the poor in australia , by world standards are very very well off) , but if you give it to them, will they save it or spend it??

Now pansi going to thailand on holidays or an unemployed person buying a PS2 or a pensioner taking a cruise to fiji is just taking that 50 billion and pisssing it away.

So, in the national interest it should stay exactly where it is . it is part of our "future fund"

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Kytro Gold Member Offline Blasphemy: a victimless crime Posts: 3409 Adelaide Gender:	Re: GST Hike To Hit Poor Hard And Leave Rich Unscathed Reply #50 - Nov 6^th, 2015 at 4:43pm The government has said it won't increase the total tax take. This means if they increase the GST and reduce income taxes, it will benefit the richer the most. If they are to compensate the poor, then by not increasing total tax take, they must by definition increase spending.
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Jovial Monk

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Re: GST Hike To Hit Poor Hard And Leave Rich Unscathed
Reply #51 - Nov 6^th, 2015 at 4:47pm

cods and Walter Mitty,

You are very misinformed.

The super tax exemption does not encourage savings for investment. It is a tax dodge idiot Howard put in shortly before he got the double boot. It benefits the super rich who can salary sacrifice $100K and the like.

I suggest you read a bit wider than old self help books and/or the Daily Toilet.

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cods

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Re: GST Hike To Hit Poor Hard And Leave Rich Unscathed
Reply #52 - Nov 6^th, 2015 at 4:56pm

Jovial Monk wrote on Nov 6^th, 2015 at 4:47pm:

cods and Walter Mitty,

You are very misinformed.

The super tax exemption does not encourage savings for investment. It is a tax dodge idiot Howard put in shortly before he got the double boot. It benefits the super rich who can salary sacrifice $100K and the like.

I suggest you read a bit wider than old self help books and/or the Daily Toilet.

so you dont want to admit you havent got superfunds and probably havent had to squirrel anything away... Roll Eyes

it isnt rocket science if I had a million dollars in the bank I would pay tax on the interest it makes......

if I am to be expected to save that million dollars [instead of taking a cruise every year] for my old age I would expect some incentive...

oh I know I should pizzzzzzz it up against the wall that way I would be paying tax via the booze and do my bit for the country...

well it makes sense to some. Sad

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mariacostel

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Re: GST Hike To Hit Poor Hard And Leave Rich Unscathed
Reply #53 - Nov 6^th, 2015 at 4:56pm

Kytro wrote on Nov 6^th, 2015 at 4:43pm:

The government has said it won't increase the total tax take.

This means if they increase the GST and reduce income taxes, it will benefit the richer the most. If they are to compensate the poor, then by not increasing total tax take, they must by definition increase spending.

Not a lot of logic in that position. Who said 'total take' was nationally? What about individually? Compensation will make everyone's tax grab largely the same. BUT the cash economy will be paying 5% more and as the original GST found out, the cash economy is bigger than anyone anticipated. Nationally, it WILL increase the tax take.

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Kytro

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Re: GST Hike To Hit Poor Hard And Leave Rich Unscathed
Reply #54 - Nov 6^th, 2015 at 5:00pm

mariacostel wrote on Nov 6^th, 2015 at 4:56pm:

Kytro wrote on Nov 6^th, 2015 at 4:43pm:

The government has said it won't increase the total tax take.

This means if they increase the GST and reduce income taxes, it will benefit the richer the most. If they are to compensate the poor, then by not increasing total tax take, they must by definition increase spending.

Not a lot of logic in that position. Who said 'total take' was nationally? What about individually? Compensation will make everyone's tax grab largely the same. BUT the cash economy will be paying 5% more and as the original GST found out, the cash economy is bigger than anyone anticipated. Nationally, it WILL increase the tax take.

A difficult proposition when you don't know what an individual's GST spending is.

Personally I'd like a "proper" tax review, not a partisan stitch up. It's not so much I think GST is bad as it is I think the poor make easy targets. Basically a review where they told to assume that no taxes exist, now build a system.

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