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

thegreatdivide

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Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #60 - Oct 8^th, 2022 at 2:56pm

As the AI says, the OZ government needs to get more revenue over the next decade, to fund the public services which the community wants.

Most posters here - greedy, self-interested comfortable conservatives - have no plans to achieve this.

The AI is merely pointing out this is not the time to hand over tax cuts which mostly benefit the wealthy.(eg $9000 for a politician, $500 for a cleaner).

$200 billion (the estimated cost to the budget of stage 3) would come in very handy for eradication the disgusting level of homelessness in Oz, and to increase the pay of age-care workers.

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lee Gold Member Offline Australian Politics Posts: 17339 Gender:	Re: Most Australians Want Stage 3 Tax Cuts Scrapped Reply #61 - Oct 8^th, 2022 at 4:05pm thegreatdivide wrote on Oct 8^th, 2022 at 2:56pm: As the AI says, the OZ government needs to get more revenue over the next decade, to fund the public services which the community wants. Artificial Insemination? Artificial Intelligence?
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Frank

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Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #62 - Oct 8^th, 2022 at 4:33pm

lee wrote on Oct 8^th, 2022 at 4:05pm:

thegreatdivide wrote on Oct 8^th, 2022 at 2:56pm:

As the AI says, the OZ government needs to get more revenue over the next decade, to fund the public services which the community wants.

Artificial Insemination? Artificial Intelligence? Grin

Australia Institute whose current CEO worked for Bob Brown for 15 years.... Roll Eyes

https://nb.australiainstitute.org.au/scrap_stage_3_tax_cuts

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

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lee Gold Member Offline Australian Politics Posts: 17339 Gender:	Re: Most Australians Want Stage 3 Tax Cuts Scrapped Reply #63 - Oct 8^th, 2022 at 4:38pm Frank wrote on Oct 8^th, 2022 at 4:33pm: Australia Institute whose current CEO worked for Bob Brown for 15 years.... Artificial Intelligence then.
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Dnarever

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Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #64 - Oct 8^th, 2022 at 4:54pm

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

I don't, I pay my tax and a heap of it too.

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lee

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Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #65 - Oct 8^th, 2022 at 9:08pm

Dnarever wrote on Oct 8^th, 2022 at 4:54pm:

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

Dnarever wrote on Oct 8^th, 2022 at 4:54pm:

I don't, I pay my tax and a heap of it too.

So you don't claim deductions? Who knew? Tax deductions lead to tax avoided as opposed to tax evaded.

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Dnarever

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Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #66 - Oct 8^th, 2022 at 10:17pm

lee wrote on Oct 8^th, 2022 at 9:08pm:

Dnarever wrote on Oct 8^th, 2022 at 4:54pm:

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

Dnarever wrote on Oct 8^th, 2022 at 4:54pm:

I don't, I pay my tax and a heap of it too.

So you don't claim deductions? Who knew? Tax deductions lead to tax avoided as opposed to tax evaded.

I make a few legitimate deductions.

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Dnarever

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Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #67 - Oct 8^th, 2022 at 10:29pm

crocodile wrote on 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.

Yes it is called PAYG but it is still very different most employees would not consider a quarterly payment as PAYG even though the Tax office does. It is self assessed for a start and very flexible in your preferred favour. As you say it is paid quarterly (mostly). Also slightly different for a contractor.

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Captain Nemo Gold Member Offline Australian Politics Posts: 9959 Melbourne Gender:	Re: Most Australians Want Stage 3 Tax Cuts Scrapped Reply #68 - Oct 9^th, 2022 at 12:06am Call me old fashioned but I reckon a cleaner would prefer to receive a $500 tax cut than not receive a $500 tax cut.
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whiteknight Gold Member Offline Australian Politics Posts: 8037 melbourne Gender:	Re: Most Australians Want Stage 3 Tax Cuts Scrapped Reply #69 - Oct 9^th, 2022 at 7:12am A $500 tax cut is very different to a $9000 tax cut.
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Captain Nemo Gold Member Offline Australian Politics Posts: 9959 Melbourne Gender:	Re: Most Australians Want Stage 3 Tax Cuts Scrapped Reply #70 - Oct 10^th, 2022 at 9:56am Meanwhile, bending the Albo has again repeated that the tax cuts are going ahead.
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Dnarever

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Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #71 - Oct 10^th, 2022 at 10:03am

Captain Nemo wrote on Oct 9^th, 2022 at 12:06am:

Call me old fashioned but I reckon a cleaner would prefer to receive a $500 tax cut than not receive a $500 tax cut.

You could give cleaners a $1000 tax cut with under 1% of what this is going to cost and do it without adding as much to the cost increases driven by this being 100% unfunded.

Here is a clue the cleaners will have to pay for this cut likely in additional taxes.

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Dnarever

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Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #72 - Oct 10^th, 2022 at 10:07am

Captain Nemo wrote on Oct 10^th, 2022 at 9:56am:

Meanwhile, bending the Albo has again repeated that the tax cuts are going ahead. Grin

He was always going to be a disappointment its a shame that Labor politicians only have incentive to be better than Liberal politicians.

I guess 4/10 is better than 2/10 ?

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Captain Nemo

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Re: Most Australians Want Stage 3 Tax Cuts Scrapped
Reply #73 - Oct 18^th, 2022 at 10:02am

Guardian Essential poll: voters split on whether Labor should ditch the stage-three tax cuts

Bare majority of respondents say Labor should stick with tax cuts despite changed economic situation – but most of those in favour stand to benefit ...

53% said Labor needed to stick with the tax cuts even though the economic situation was different to 2019, while 47% said it was understandable the promise would be broken.

https://www.theguardian.com/australia-news/2022/oct/18/guardian-essential-poll-v...

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The 2025 election could be a shocker.

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random Gold Member Offline Australian Politics Posts: 2637 Gender:	Re: Most Australians Want Stage 3 Tax Cuts Scrapped Reply #74 - Oct 20^th, 2022 at 11:58am It's all a shame. A game. Media campaign. The tax cuts will not go ahead as they are. Labour will have it both ways by leaving some tax cuts then using the savings to do some good for the low income voters. All the year before the next election.
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