Australian Politics Forum - Show us the alternatives says Morrison

Dnarever Gold Member Online Australian Politics Posts: 59182 Here Gender:	Re: Show us the alternatives says Morrison Reply #30 - Dec 16^th, 2015 at 7:54pm Put a limit on how much tax deductions can be claimed - say 40% i.e. you have to actually pay 60% of the tax you should be paying of every dollar earned in Australia - no exceptions.
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crocodile

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Re: Show us the alternatives says Morrison
Reply #31 - Dec 16^th, 2015 at 8:00pm

Sir lastnail wrote on Dec 16^th, 2015 at 7:25pm:

crocodile wrote on Dec 16^th, 2015 at 4:31pm:

You're the one obfuscating. You claim that there is forgone tax. Except for the CGT concession it is demonstrably untrue and you know it. The problem is the CGT concession not NG.

There will be many share portfolios that are concerned only with the capital gain without any consideration to the dividends.

No I'm not. Tax on any business profits are a fact of life so I don't see why CGT is the issue when CGT applies to shares as well. Nobody is complaining about CGT on shares and expect the government to change the rules.

What you are advocating is that other tax payers underwrite the risk in your investment properties whilst you benefit from the capital gains when you sell it.

Who complained about CGT on shares.

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Very funny Scotty, now beam down my clothes.

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Dnarever Gold Member Online Australian Politics Posts: 59182 Here Gender:	Re: Show us the alternatives says Morrison Reply #32 - Dec 16^th, 2015 at 8:11pm Collect some tax from the multi nationals ?
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Sir lastnail

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Re: Show us the alternatives says Morrison
Reply #33 - Dec 16^th, 2015 at 8:46pm

crocodile wrote on Dec 16^th, 2015 at 8:00pm:

Sir lastnail wrote on Dec 16^th, 2015 at 7:25pm:

crocodile wrote on Dec 16^th, 2015 at 4:31pm:

You're the one obfuscating. You claim that there is forgone tax. Except for the CGT concession it is demonstrably untrue and you know it. The problem is the CGT concession not NG.

There will be many share portfolios that are concerned only with the capital gain without any consideration to the dividends.

No I'm not. Tax on any business profits are a fact of life so I don't see why CGT is the issue when CGT applies to shares as well. Nobody is complaining about CGT on shares and expect the government to change the rules.

What you are advocating is that other tax payers underwrite the risk in your investment properties whilst you benefit from the capital gains when you sell it.

Who complained about CGT on shares.

Nobody and that's my point. It's only you bitching about CGT on property investments.

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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crocodile

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Re: Show us the alternatives says Morrison
Reply #34 - Dec 16^th, 2015 at 8:55pm

Sir lastnail wrote on Dec 16^th, 2015 at 8:46pm:

crocodile wrote on Dec 16^th, 2015 at 8:00pm:

Sir lastnail wrote on Dec 16^th, 2015 at 7:25pm:

crocodile wrote on Dec 16^th, 2015 at 4:31pm:

You're the one obfuscating. You claim that there is forgone tax. Except for the CGT concession it is demonstrably untrue and you know it. The problem is the CGT concession not NG.

There will be many share portfolios that are concerned only with the capital gain without any consideration to the dividends.

No I'm not. Tax on any business profits are a fact of life so I don't see why CGT is the issue when CGT applies to shares as well. Nobody is complaining about CGT on shares and expect the government to change the rules.

What you are advocating is that other tax payers underwrite the risk in your investment properties whilst you benefit from the capital gains when you sell it.

Who complained about CGT on shares.

Nobody and that's my point. It's only you bitching about CGT on property investments.

You've been smoking something. I never bitched about CGT on property or any other asset. I simply made the point that the concession is what distorts the applicable tax, not the NG itself.

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Very funny Scotty, now beam down my clothes.

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Bam

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Re: Show us the alternatives says Morrison
Reply #35 - Dec 17^th, 2015 at 9:35am

If Morrison wants suggestions, here are some.

Increase funding to the ATO for tax compliance, particularly corporate taxation.
Abolish negative gearing.
Abolish dividend imputation.
Abolish tax concessions on superannuation contributions.
Abolish tax concessions for self-funded retirees and pay everyone the full pension once they reach 70 years of age.
Abolish CGT concession (tax capitals gains at the full rate).
Abolish fossil fuel subsidies. Make renewable fuels free of excise for 10 years.
Replace cash grants for drought assistance with HECS-style loans that must be repaid out of future farm earnings.
Abolish the rebate for private health insurance.
Crack down on tax avoidance by corporations by systematically and methodically closing all of the corporate tax loopholes that they currently exploit.
- For example: Require all companies that claim interest on debts to borrow that money from an Australian bank. If they do not, the interest rate on non-standard debts is deemed to be equal to the RBA cash rate (currently 2%).
Crack down on employers rorting subsidies for employing long-term unemployed people.
Introduce a company turnover tax equal to 2% of revenue.

That will do for a start ... it's about time we went after the top end of town for a change.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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mariacostel

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Re: Show us the alternatives says Morrison
Reply #36 - Dec 17^th, 2015 at 11:39am

Bam wrote on Dec 17^th, 2015 at 9:35am:

If Morrison wants suggestions, here are some.

Increase funding to the ATO for tax compliance, particularly corporate taxation.
Abolish negative gearing.
Abolish dividend imputation.
Abolish tax concessions on superannuation contributions.
Abolish tax concessions for self-funded retirees and pay everyone the full pension once they reach 70 years of age.
Abolish CGT concession (tax capitals gains at the full rate).
Abolish fossil fuel subsidies. Make renewable fuels free of excise for 10 years.
Replace cash grants for drought assistance with HECS-style loans that must be repaid out of future farm earnings.
Abolish the rebate for private health insurance.
Crack down on tax avoidance by corporations by systematically and methodically closing all of the corporate tax loopholes that they currently exploit.
- For example: Require all companies that claim interest on debts to borrow that money from an Australian bank. If they do not, the interest rate on non-standard debts is deemed to be equal to the RBA cash rate (currently 2%).
Crack down on employers rorting subsidies for employing long-term unemployed people.
Introduce a company turnover tax equal to 2% of revenue.

That will do for a start ... it's about time we went after the top end of town for a change.

Why not get rid of child care rebates, family tax benefits, single parent payments for kids over 5. What about getting rid of the dole until out of work for 6 months?

As for your 'turnover tax', that is inequitable and ludicrous. The reason we have a profit tax is because turnover is unworkable. Supermarkets and discount stores work on low margin, high turnover and sometimes the margins are under 5%. Other companies sell low volume, high margin. It destroys the former group.

There is a reason no one does it.

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Dsmithy70

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Re: Show us the alternatives says Morrison
Reply #37 - Dec 17^th, 2015 at 11:48am

mariacostel wrote on Dec 17^th, 2015 at 11:39am:

Why not get rid of child care rebates, family tax benefits, single parent payments for kids over 5. What about getting rid of the dole until out of work for 6 months?

Why don't we just kill the poor?
Anyones who's income stream falls below 90K, off to the gas chambers you go.

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REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
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Bam

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Re: Show us the alternatives says Morrison
Reply #38 - Dec 17^th, 2015 at 12:51pm

mariacostel wrote on Dec 17^th, 2015 at 11:39am:

Bam wrote on Dec 17^th, 2015 at 9:35am:

If Morrison wants suggestions, here are some.

Increase funding to the ATO for tax compliance, particularly corporate taxation.
Abolish negative gearing.
Abolish dividend imputation.
Abolish tax concessions on superannuation contributions.
Abolish tax concessions for self-funded retirees and pay everyone the full pension once they reach 70 years of age.
Abolish CGT concession (tax capitals gains at the full rate).
Abolish fossil fuel subsidies. Make renewable fuels free of excise for 10 years.
Replace cash grants for drought assistance with HECS-style loans that must be repaid out of future farm earnings.
Abolish the rebate for private health insurance.
Crack down on tax avoidance by corporations by systematically and methodically closing all of the corporate tax loopholes that they currently exploit.
- For example: Require all companies that claim interest on debts to borrow that money from an Australian bank. If they do not, the interest rate on non-standard debts is deemed to be equal to the RBA cash rate (currently 2%).
Crack down on employers rorting subsidies for employing long-term unemployed people.
Introduce a company turnover tax equal to 2% of revenue.

That will do for a start ... it's about time we went after the top end of town for a change.

Why not get rid of child care rebates, family tax benefits, single parent payments for kids over 5. What about getting rid of the dole until out of work for 6 months?

That's not the top end of town, doofus. The wealthy have hardly felt any pain at Budget time for a generation. Why should the wealthy be spared the pain of fiscal restraint?

mariacostel wrote on Dec 17^th, 2015 at 11:39am:

As for your 'turnover tax', that is inequitable and ludicrous. The reason we have a profit tax is because turnover is unworkable. Supermarkets and discount stores work on low margin, high turnover and sometimes the margins are under 5%. Other companies sell low volume, high margin. It destroys the former group.

Yet they make large profits and somehow have a bare cupboard to show the taxman at tax time. It's not convincing.

mariacostel wrote on Dec 17^th, 2015 at 11:39am:

There is a reason no one does it.

We already have a tax on company turnover that is implemented as payroll tax in every state and territory. If we taxed turnover, we could axe payroll tax. A turnover tax is hardly inequitable if every company pays the same percentage. Payroll tax does not do this, it varies by state and territory and this adds to the compliance burden for companies.

The real inequity is a tax system that allows about one-third of our largest companies to pay no tax at all. Where's the equity there?

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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mariacostel

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Re: Show us the alternatives says Morrison
Reply #39 - Dec 17^th, 2015 at 1:19pm

Dsmithy70 wrote on Dec 17^th, 2015 at 11:48am:

mariacostel wrote on Dec 17^th, 2015 at 11:39am:

Why not get rid of child care rebates, family tax benefits, single parent payments for kids over 5. What about getting rid of the dole until out of work for 6 months?

Why don't we just kill the poor?
Anyones who's income stream falls below 90K, off to the gas chambers you go.

WOW... another who doesnt get satire. Rather clearly, I was criticising Bams thoroughly one-side post with one of my own.

I do sometimes forget that when writing you need to write to the intellectual level of your readership. Obviously, it exceeded yours.

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mariacostel

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Re: Show us the alternatives says Morrison
Reply #40 - Dec 17^th, 2015 at 1:21pm

Bam wrote on Dec 17^th, 2015 at 12:51pm:

mariacostel wrote on Dec 17^th, 2015 at 11:39am:

Bam wrote on Dec 17^th, 2015 at 9:35am:

If Morrison wants suggestions, here are some.

Increase funding to the ATO for tax compliance, particularly corporate taxation.
Abolish negative gearing.
Abolish dividend imputation.
Abolish tax concessions on superannuation contributions.
Abolish tax concessions for self-funded retirees and pay everyone the full pension once they reach 70 years of age.
Abolish CGT concession (tax capitals gains at the full rate).
Abolish fossil fuel subsidies. Make renewable fuels free of excise for 10 years.
Replace cash grants for drought assistance with HECS-style loans that must be repaid out of future farm earnings.
Abolish the rebate for private health insurance.
Crack down on tax avoidance by corporations by systematically and methodically closing all of the corporate tax loopholes that they currently exploit.
- For example: Require all companies that claim interest on debts to borrow that money from an Australian bank. If they do not, the interest rate on non-standard debts is deemed to be equal to the RBA cash rate (currently 2%).
Crack down on employers rorting subsidies for employing long-term unemployed people.
Introduce a company turnover tax equal to 2% of revenue.

That will do for a start ... it's about time we went after the top end of town for a change.

Why not get rid of child care rebates, family tax benefits, single parent payments for kids over 5. What about getting rid of the dole until out of work for 6 months?

That's not the top end of town, doofus. The wealthy have hardly felt any pain at Budget time for a generation. Why should the wealthy be spared the pain of fiscal restraint?

mariacostel wrote on Dec 17^th, 2015 at 11:39am:

As for your 'turnover tax', that is inequitable and ludicrous. The reason we have a profit tax is because turnover is unworkable. Supermarkets and discount stores work on low margin, high turnover and sometimes the margins are under 5%. Other companies sell low volume, high margin. It destroys the former group.

Yet they make large profits and somehow have a bare cupboard to show the taxman at tax time. It's not convincing.

mariacostel wrote on Dec 17^th, 2015 at 11:39am:

There is a reason no one does it.

We already have a tax on company turnover that is implemented as payroll tax in every state and territory. If we taxed turnover, we could axe payroll tax. A turnover tax is hardly inequitable if every company pays the same percentage. Payroll tax does not do this, it varies by state and territory and this adds to the compliance burden for companies.

The real inequity is a tax system that allows about one-third of our largest companies to pay no tax at all. Where's the equity there?

Find me a regime that implements turnover tax. Up until then, your stupidity stands all on its own. as if payroll tax is turnover tax!! I used to think you were moderately bright. Obviously, I overstated your IQ.

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Dnarever

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Re: Show us the alternatives says Morrison
Reply #41 - Dec 17^th, 2015 at 1:25pm

mariacostel wrote on Dec 17^th, 2015 at 11:39am:

Why not get rid of child care rebates, family tax benefits, single parent payments for kids over 5. What about getting rid of the dole until out of work for 6 months?

Don't know if you are attempting to be funny but what you propose looks a lot like a Liberals budget of the last 15 years.

Childcare, families the unemployed you only left out cuts to health care pensions disability and education to have a full Liberal budget.

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Dnarever Gold Member Online Australian Politics Posts: 59182 Here Gender:	Re: Show us the alternatives says Morrison Reply #42 - Dec 17^th, 2015 at 1:27pm Show us the alternatives says Morrison The words of someone who should not be in government. These guys came into power claiming that they had all the answers. Now we find that they never had a clue.
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Grappler Deep State Feller

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Re: Show us the alternatives says Morrison
Reply #43 - Dec 17^th, 2015 at 1:36pm

Dnarever wrote on Dec 17^th, 2015 at 1:27pm:

Show us the alternatives says Morrison

The words of someone who should not be in government.

These guys came into power claiming that they had all the answers. Now we find that they never had a clue.

We've given them plenty of hints how to fix things.... OzPol Party Rules!!

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Dsmithy70

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Re: Show us the alternatives says Morrison
Reply #44 - Dec 17^th, 2015 at 2:49pm

mariacostel wrote on Dec 17^th, 2015 at 1:19pm:

Dsmithy70 wrote on Dec 17^th, 2015 at 11:48am:

mariacostel wrote on Dec 17^th, 2015 at 11:39am:

Why not get rid of child care rebates, family tax benefits, single parent payments for kids over 5. What about getting rid of the dole until out of work for 6 months?

Why don't we just kill the poor?
Anyones who's income stream falls below 90K, off to the gas chambers you go.

WOW... another who doesnt get satire. Rather clearly, I was criticising Bams thoroughly one-side post with one of my own.

I do sometimes forget that when writing you need to write to the intellectual level of your readership. Obviously, it exceeded yours.

Oh it was SATIRE??????????????????

Isn't that supposed to be funny in a cutting sort of way?

Besides I was serious, reading & hearing all you LNP Pollies & supporters the only thing holding this country & it's populace back is bloody poor people, their illnesses & kids.

KILL THE PHU_CKING LOT & we'll all bath in Verve Clicquot & have private jets.

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REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

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