Australian Politics Forum - Most Australians Want Stage 3 Tax Cuts Scrapped

aquascoot

Gold Member

Offline

Australian Politics

Posts: 34423
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #45 - Oct 6^th, 2022 at 7:36am

buzzanddidj wrote on Oct 5^th, 2022 at 6:50pm:

aquascoot wrote on Oct 5^th, 2022 at 5:24pm:

buzzanddidj wrote on Oct 5^th, 2022 at 5:22pm:

aquascoot wrote on Oct 4^th, 2022 at 9:15am:

If you give more money to the people at the bottom
They will spend it on tattoos
Mag wheels
Alcohol and drugs
Dominos and McDonald's

Holy FUCK !

If some BOZO
has made a more

MORONIC

, ill-informed, generalised piece of

WAFFLE

on pretty much ANYTHING - I must have MISSED it

It reminds me of one of those

totally out of touch

members of our Tory Liberal Party

that claim unemployment payments are

MORE than enough

to 'get by' on.

.

there should be no dole
maccas just announced they have 10,000 vacancies they cant fill.

I would hardly think - with youth depression and suicide at record highs - that the
chew-em-up-and-spit-em-out McDonalds Final Solution
is desirable for ANY sector of society

McDonald's Australia has been accused of systematically "churning" its workforce and reducing shifts for workers as they grow older in a bid to cut costs and hire younger staff.

The global fast food chain is a major employer in Australia with more than 100,000 workers in stores across the country, which are mostly franchises.

But the company and its franchisees have come under scrutiny for engaging in what has been described as a practice of "churning" staff as they grow older to hire younger and cheaper staff.

Nelio Da Silva started working at a McDonald's store in Melbourne when he was 16.

But as he got older he noticed his roster was changing.

"Over time I started to get less and less shifts … it wasn't straight away, it was over time," he told 7.30.

"I got less shifts because I got older, and definitely more expensive.

Max Beech began working at a McDonald's store in Queensland when he was 16 and moved to a Brisbane store when he was 18.

He says getting rid of older workers was an "unspoken rule" between managers.

"A lot of the time they talked about how they were trying to get rid of certain people for this reason or that reason — a big one was when people were getting too old," he told 7.30.

https://www.abc.net.au/news/2018-10-09/learn-and-churn-mcdonalds-accused-of-expl...

If I was the parent of a 16 to 18 year old, I'd have a sense of moral obligation to protect them from this this type of systematic abuse.

.

I am truly lost for words

Two of my three children work at McDonald's whilst at school and what an excellent experience said was

It teaches children valuable lessons
How to set an alarm clock
How to commute to a job
It teaches them humility when they get to clean the toilets
It teaches them the value of a winning smile
It teaches them to be team players
It allows them to see sloppy citizens
Who actually eat the product
And use such sloppy citizens as cautionary tales

I suppose that's why my children turned out strong powerful resourceful and resilient
And yours are probably delicate snowflakes Grin

Back to top

IP Logged

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #46 - Oct 7^th, 2022 at 2:04pm

Karnal wrote on Oct 4^th, 2022 at 4:44pm:

lee wrote on Oct 4^th, 2022 at 2:16pm:

Karnal wrote on Oct 4^th, 2022 at 9:40am:

Tax cuts for the rich don't add any extra spending to the economy.

The tax cuts start at $45K and you think that is rich? Roll Eyes

"Stage 3, which delivers the same marginal tax rate of 32.5 cents for all income between $45,000 and $200,000 in 2024-25 was to cost $46 billion. The boost, which would cut that rate to 30 cents from July 2024, would on our estimates cost an extra $85 billion."

https://grattan.edu.au/news/stage-3-of-the-tax-cuts-would-return-australia-to-th...

I most certainly do not. The beneficiaries of the tax cut, however, are those on higher incomes. Here's how:

https://australiainstitute.org.au/post/new-data-shows-how-the-stage-3-tax-cuts-m...

When presented with lemons, the Superior Man makes lemonade.

You?

To get a tax cut one must have paid some in the first place.

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #47 - Oct 7^th, 2022 at 2:06pm

Dnarever wrote on Oct 5^th, 2022 at 6:30pm:

lee wrote on Oct 4^th, 2022 at 7:24pm:

Dnarever wrote on Oct 4^th, 2022 at 7:05pm:

And cry about every cent of it, assuming they pay any tax at all of course.

You know a way they can avoid tax? There are plenty of PAYE earning $200K or more.

But I can see you don't like a progressive tax system. Just what system would you like to replace it?

Quote:

There are plenty of PAYE earning $200K or more.

A very substantial number of the highest earners are not PAYG employees which you seem to ignore. Many pay little if any tax. Even High range PAYG employees most likely have very substantial deductions and other arrangements set up in order to minimise tax.

However the reason increasing top end tax rates is a bad idea in the current economic conditions is that it is neither affordable or needed. It also provides little if any benefit to the economy.

In other words it helps nobody and provides no benefit - in fact it may well damage the economy further and certainly damages the budget bottom line. Throwing away money that could be put to good use in other areas.

If these dudes that you write about pay very little tax then they won't be getting much of a tax cut. Fukk you're dumb.

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

Dnarever

Gold Member

Offline

Australian Politics

Posts: 58216
Here
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #48 - Oct 7^th, 2022 at 2:18pm

crocodile wrote on Oct 7^th, 2022 at 2:06pm:

Dnarever wrote on Oct 5^th, 2022 at 6:30pm:

lee wrote on Oct 4^th, 2022 at 7:24pm:

Dnarever wrote on Oct 4^th, 2022 at 7:05pm:

And cry about every cent of it, assuming they pay any tax at all of course.

You know a way they can avoid tax? There are plenty of PAYE earning $200K or more.

But I can see you don't like a progressive tax system. Just what system would you like to replace it?

Quote:

There are plenty of PAYE earning $200K or more.

A very substantial number of the highest earners are not PAYG employees which you seem to ignore. Many pay little if any tax. Even High range PAYG employees most likely have very substantial deductions and other arrangements set up in order to minimise tax.

However the reason increasing top end tax rates is a bad idea in the current economic conditions is that it is neither affordable or needed. It also provides little if any benefit to the economy.

In other words it helps nobody and provides no benefit - in fact it may well damage the economy further and certainly damages the budget bottom line. Throwing away money that could be put to good use in other areas.

If these dudes that you write about pay very little tax then they won't be getting much of a tax cut. Fukk you're dumb.

Yet it is projected to cost over $250 Billion. Yes as you can see you are wrong once again and you call me dumb.

OH and it has blown out by a further $22 Billion.

And virtually all going into the savings of people who don't need it.

Back to top

« Last Edit: Oct 7^th, 2022 at 3:00pm by Dnarever »

IP Logged

Dnarever

Gold Member

Offline

Australian Politics

Posts: 58216
Here
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #49 - Oct 7^th, 2022 at 2:45pm

crocodile wrote on Oct 7^th, 2022 at 2:04pm:

Karnal wrote on Oct 4^th, 2022 at 4:44pm:

lee wrote on Oct 4^th, 2022 at 2:16pm:

Karnal wrote on Oct 4^th, 2022 at 9:40am:

Tax cuts for the rich don't add any extra spending to the economy.

The tax cuts start at $45K and you think that is rich? Roll Eyes

"Stage 3, which delivers the same marginal tax rate of 32.5 cents for all income between $45,000 and $200,000 in 2024-25 was to cost $46 billion. The boost, which would cut that rate to 30 cents from July 2024, would on our estimates cost an extra $85 billion."

https://grattan.edu.au/news/stage-3-of-the-tax-cuts-would-return-australia-to-th...

I most certainly do not. The beneficiaries of the tax cut, however, are those on higher incomes. Here's how:

https://australiainstitute.org.au/post/new-data-shows-how-the-stage-3-tax-cuts-m...

When presented with lemons, the Superior Man makes lemonade.

You?

To get a tax cut one must have paid some in the first place.

Quote:

When presented with lemons, the Superior Man makes lemonade.

And does it in a tax deductible manner.

Quote:

To get a tax cut one must have paid some in the first place.

Yes Albert you are sort of right if talking about PAYG tax payers. Not so much for others.

Back to top

IP Logged

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #50 - Oct 7^th, 2022 at 4:29pm

Dnarever wrote on Oct 7^th, 2022 at 2:18pm:

crocodile wrote on Oct 7^th, 2022 at 2:06pm:

Dnarever wrote on Oct 5^th, 2022 at 6:30pm:

lee wrote on Oct 4^th, 2022 at 7:24pm:

Dnarever wrote on Oct 4^th, 2022 at 7:05pm:

And cry about every cent of it, assuming they pay any tax at all of course.

You know a way they can avoid tax? There are plenty of PAYE earning $200K or more.

But I can see you don't like a progressive tax system. Just what system would you like to replace it?

Quote:

There are plenty of PAYE earning $200K or more.

A very substantial number of the highest earners are not PAYG employees which you seem to ignore. Many pay little if any tax. Even High range PAYG employees most likely have very substantial deductions and other arrangements set up in order to minimise tax.

However the reason increasing top end tax rates is a bad idea in the current economic conditions is that it is neither affordable or needed. It also provides little if any benefit to the economy.

In other words it helps nobody and provides no benefit - in fact it may well damage the economy further and certainly damages the budget bottom line. Throwing away money that could be put to good use in other areas.

If these dudes that you write about pay very little tax then they won't be getting much of a tax cut. Fukk you're dumb.

Yet it is projected to cost over $250 Billion. Yes as you can see you are wrong once again and you call me dumb.

OH and it has blown out by a further $22 Billion.

And virtually all going into the savings of people who don't need it.

Allowing people to keep some of their own money is now a cost. Fukkin' Einstein does it again.

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #51 - Oct 7^th, 2022 at 4:31pm

Dnarever wrote on Oct 7^th, 2022 at 2:45pm:

crocodile wrote on Oct 7^th, 2022 at 2:04pm:

Karnal wrote on Oct 4^th, 2022 at 4:44pm:

lee wrote on Oct 4^th, 2022 at 2:16pm:

Karnal wrote on Oct 4^th, 2022 at 9:40am:

Tax cuts for the rich don't add any extra spending to the economy.

The tax cuts start at $45K and you think that is rich? Roll Eyes

"Stage 3, which delivers the same marginal tax rate of 32.5 cents for all income between $45,000 and $200,000 in 2024-25 was to cost $46 billion. The boost, which would cut that rate to 30 cents from July 2024, would on our estimates cost an extra $85 billion."

https://grattan.edu.au/news/stage-3-of-the-tax-cuts-would-return-australia-to-th...

I most certainly do not. The beneficiaries of the tax cut, however, are those on higher incomes. Here's how:

https://australiainstitute.org.au/post/new-data-shows-how-the-stage-3-tax-cuts-m...

When presented with lemons, the Superior Man makes lemonade.

You?

To get a tax cut one must have paid some in the first place.

Quote:

When presented with lemons, the Superior Man makes lemonade.

And does it in a tax deductible manner.

Quote:

To get a tax cut one must have paid some in the first place.

Yes Albert you are sort of right if talking about PAYG tax payers. Not so much for others.

The tax cuts are targeted at PAYG. Sorry Einstein, no cigar.

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

Dnarever

Gold Member

Offline

Australian Politics

Posts: 58216
Here
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #52 - Oct 7^th, 2022 at 7:18pm

crocodile wrote on Oct 7^th, 2022 at 4:29pm:

Dnarever wrote on Oct 7^th, 2022 at 2:18pm:

crocodile wrote on Oct 7^th, 2022 at 2:06pm:

Dnarever wrote on Oct 5^th, 2022 at 6:30pm:

lee wrote on Oct 4^th, 2022 at 7:24pm:

Dnarever wrote on Oct 4^th, 2022 at 7:05pm:

And cry about every cent of it, assuming they pay any tax at all of course.

You know a way they can avoid tax? There are plenty of PAYE earning $200K or more.

But I can see you don't like a progressive tax system. Just what system would you like to replace it?

Quote:

There are plenty of PAYE earning $200K or more.

A very substantial number of the highest earners are not PAYG employees which you seem to ignore. Many pay little if any tax. Even High range PAYG employees most likely have very substantial deductions and other arrangements set up in order to minimise tax.

However the reason increasing top end tax rates is a bad idea in the current economic conditions is that it is neither affordable or needed. It also provides little if any benefit to the economy.

In other words it helps nobody and provides no benefit - in fact it may well damage the economy further and certainly damages the budget bottom line. Throwing away money that could be put to good use in other areas.

If these dudes that you write about pay very little tax then they won't be getting much of a tax cut. Fukk you're dumb.

Yet it is projected to cost over $250 Billion. Yes as you can see you are wrong once again and you call me dumb.

OH and it has blown out by a further $22 Billion.

And virtually all going into the savings of people who don't need it.

Allowing people to keep some of their own money is now a cost. Fukkin' Einstein does it again.

Cutting tax rates results in money being removed from the budget and in this case being given to people who don't need it and in many cases don't pay their fair share anyway. It takes money away from Education, medical, roads and infrastructure to give it to people who already have enough.

Back to top

IP Logged

Dnarever

Gold Member

Offline

Australian Politics

Posts: 58216
Here
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #53 - Oct 7^th, 2022 at 7:21pm

crocodile wrote on Oct 7^th, 2022 at 4:31pm:

Dnarever wrote on Oct 7^th, 2022 at 2:45pm:

crocodile wrote on Oct 7^th, 2022 at 2:04pm:

Karnal wrote on Oct 4^th, 2022 at 4:44pm:

lee wrote on Oct 4^th, 2022 at 2:16pm:

Karnal wrote on Oct 4^th, 2022 at 9:40am:

Tax cuts for the rich don't add any extra spending to the economy.

The tax cuts start at $45K and you think that is rich? Roll Eyes

"Stage 3, which delivers the same marginal tax rate of 32.5 cents for all income between $45,000 and $200,000 in 2024-25 was to cost $46 billion. The boost, which would cut that rate to 30 cents from July 2024, would on our estimates cost an extra $85 billion."

https://grattan.edu.au/news/stage-3-of-the-tax-cuts-would-return-australia-to-th...

I most certainly do not. The beneficiaries of the tax cut, however, are those on higher incomes. Here's how:

https://australiainstitute.org.au/post/new-data-shows-how-the-stage-3-tax-cuts-m...

When presented with lemons, the Superior Man makes lemonade.

You?

To get a tax cut one must have paid some in the first place.

Quote:

When presented with lemons, the Superior Man makes lemonade.

And does it in a tax deductible manner.

Quote:

To get a tax cut one must have paid some in the first place.

Yes Albert you are sort of right if talking about PAYG tax payers. Not so much for others.

The tax cuts are targeted at PAYG. Sorry Einstein, no cigar.

Say I earn $202K as a self employed and you earn get paid $202K on a PAYG wage. How would you get the tax cut and I wouldn't ?

Back to top

IP Logged

Captain Nemo

Gold Member

Offline

Australian Politics

Posts: 9959
Melbourne
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #54 - Oct 7^th, 2022 at 10:27pm

One argument hitting the media about why it would be good to go ahead with the stage 3 tax cuts goes like this:

Pay rises to go if stage-three tax cut gets the axe
Middle-income Australians would be forced to hand back about 50 per cent of any pay rises earned over the next two years if Labor opts to scrap the stage-three tax cuts.

That is actually a good point.

Albo was all about wage rises in the run up to the election.

Not so great to lose half of any pay rise to the tax man. Wink

Back to top

« Last Edit: Oct 8^th, 2022 at 1:15pm by Captain Nemo »

The 2025 election could be a shocker.

IP Logged

lee Gold Member Offline Australian Politics Posts: 17339 Gender:	Re: Most Australians Want Stage 3 Tax Cuts Scrapped Reply #55 - Oct 8^th, 2022 at 12:47pm Dnarever wrote on Oct 7^th, 2022 at 7:21pm: Say I earn $202K as a self employed and you earn get paid $202K on a PAYG wage. How would you get the tax cut and I wouldn't ? Ok. Now tell us how you avoided tax. Excess super contributions? Overseas Investments?
Back to top	IP Logged

Frank

Gold Member

Online

Australian Politics

Posts: 44833
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #56 - Oct 8^th, 2022 at 1:29pm

Middle-income Australians would be forced to hand back about 50 per cent of any pay rises earned over the next two years through higher taxes and “incentive killer” bracket creep if Labor opts to scrap the stage-three tax cuts scheduled for 2024-25.

Analysis by The Weekend Australian shows that dumping stage three would see workers on incomes of $90,000 or above lose at least half of their salary increases and bonuses over the next two years, assuming their pay packets increased 7 per cent by the 2024-25 financial year.

Under a scenario where stage three is dropped, a taxpayer who increased their pay from $112,150 to $120,000 by 2024-25 would lose $1875 in income tax cuts and pay an additional $2551 in tax due to the increase in their income. The extra $4426 in tax would claim more than half of the worker’s increased wages.

A worker who increased their income from $149,533 to $160,000 would pay an extra $8548 in tax and lose 80 per cent of their additional earnings compared with the situation if the tax cuts proceeded.
https://www.theaustralian.com.au/nation/politics/pay-rises-to-go-if-tax-cut-gets...

Back to top

Estragon: I can’t go on like this.
Vladimir: That’s what you think.

IP Logged

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #57 - Oct 8^th, 2022 at 2:29pm

Dnarever wrote on Oct 7^th, 2022 at 7:21pm:

crocodile wrote on Oct 7^th, 2022 at 4:31pm:

Dnarever wrote on Oct 7^th, 2022 at 2:45pm:

crocodile wrote on Oct 7^th, 2022 at 2:04pm:

Karnal wrote on Oct 4^th, 2022 at 4:44pm:

lee wrote on Oct 4^th, 2022 at 2:16pm:

Karnal wrote on Oct 4^th, 2022 at 9:40am:

Tax cuts for the rich don't add any extra spending to the economy.

The tax cuts start at $45K and you think that is rich? Roll Eyes

"Stage 3, which delivers the same marginal tax rate of 32.5 cents for all income between $45,000 and $200,000 in 2024-25 was to cost $46 billion. The boost, which would cut that rate to 30 cents from July 2024, would on our estimates cost an extra $85 billion."

https://grattan.edu.au/news/stage-3-of-the-tax-cuts-would-return-australia-to-th...

I most certainly do not. The beneficiaries of the tax cut, however, are those on higher incomes. Here's how:

https://australiainstitute.org.au/post/new-data-shows-how-the-stage-3-tax-cuts-m...

When presented with lemons, the Superior Man makes lemonade.

You?

To get a tax cut one must have paid some in the first place.

Quote:

When presented with lemons, the Superior Man makes lemonade.

And does it in a tax deductible manner.

Quote:

To get a tax cut one must have paid some in the first place.

Yes Albert you are sort of right if talking about PAYG tax payers. Not so much for others.

The tax cuts are targeted at PAYG. Sorry Einstein, no cigar.

Say I earn $202K as a self employed and you earn get paid $202K on a PAYG wage. How would you get the tax cut and I wouldn't ?

Fukkin' dumbarse. Self employed are still PAYG. I'm self employed and I pay my PAYG and GST every quarter.

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #58 - Oct 8^th, 2022 at 2:33pm

lee wrote on Oct 8^th, 2022 at 12:47pm:

Dnarever wrote on Oct 7^th, 2022 at 7:21pm:

Say I earn $202K as a self employed and you earn get paid $202K on a PAYG wage. How would you get the tax cut and I wouldn't ?

Ok. Now tell us how you avoided tax. Excess super contributions? Overseas Investments? Roll Eyes

Investments are post tax. There is no deductions for an investment. There are deductions for maintaining an income producing investment. No deductions for a capital gain until the profit is realised.

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

lee Gold Member Offline Australian Politics Posts: 17339 Gender:	Re: Most Australians Want Stage 3 Tax Cuts Scrapped Reply #59 - Oct 8^th, 2022 at 2:36pm crocodile wrote on Oct 8^th, 2022 at 2:33pm: Investments are post tax. There is no deductions for an investment. There are deductions for maintaining an income producing investment. No deductions for a capital gain until the profit is realised. Try convincing Dna.
Back to top	IP Logged