$950 Tax Bonus for Working Australians
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10 February 2009 - 2:47pm
#1
$950
The first question is whether the $950 is best directed by way of a cash handout to taxpayers or spent on infrastructure development, or other areas, which would create jobs for the unemployed and which would also deliver lasting benefits for all. I vote for infrastructure
The second question relates to those who qualify for the $950:
(a) It is based on FY2008 income, not current income. (How dumb is that ? and why has no-one, apparently, queried this?)
(b) To pay any money at all to people earning more than $50,000 (say) is hard to fathom; certainly not to people earning $80,000 - $90,000 (and this could be a husband and wife collectively earning up to $200,000 !)
(I do not qualify for any of the $950; I am fortunate; my interest is simply one of benefiting the people most in need - which I believe are the recently unemployed.)
13 February 2009 - 7:39am
#2
how about the 'fair go'?
As a family earning a taxable income of $200k+ I concede we will live without the money. However, as a self-educated professional never the recipient of tax payer support, whilst in a high tax bracket for most of my working life, I take issue with the ideology that money should be taken from me and given to others, particularly the long-term unemployed, as a cash donation.
I work hard, pay lots of money for my child to attend daycare ($18k per ann.) in order to do so, and contribute to the taxation pool a significant proportion of my income. I do not take issue with unemployment benefits (read benefit, not entitlement as I believe is the attitude for some of the unemployed) - but you must surely see how this does not exactly seem fair?
To sum up what they're doing in a statement:
The gov't decides to hand back taxes that have been paid in, but instead of handing them back to the people that paid them, they instead go to the people that didn't pay any, or didn't pay much.
To go back to my first point in terms of living without the money: we would also spend the money just like anybody else - so the argument that someone else is more or less likely to spend it doesn't wash with me. We don't have a big-screen TV, we don't own a home, we own one 10 y/o car and bicycles. Do I sound like we're swimming in consumer items?
We're saving, sure. We're saving to move to a country area with an agricultural basis because we know that despite having to fund the baby-boomers ahead of us we're also going to fund our own retirement. This to us means enabling us to support ourselves in whatever way possible (growing our own food etc.) and overcoming the destruction of the environment the generations before us have caused. There is little doubt when we retire we will not have the same luxury of having the tax payer (Gen Y and beyond) pay for us to live comfortably and securely as we are doing for the generation before us.
From my point of view, to see my family miss out on things because we're saving for the future (and don't believe that such things as TV's etc. are where the money is best spent) and then seeing others enjoying such things at our expense certainly doesn't seem like a 'fair go' to me.
I agree with you on your "vote" however. Getting the unemployed back into work must be the ultimate goal and by far the better use of this money in terms of supporting them in doing that. Having infrastructure built for the wider community as a by-product ensures the money we're contributing to society is returning by way of benefit. This is surely the way it's supposed to work? Additionally, why should the future generation (my child, for example) not be the recipient of some community benefit (from said infrastructure) if she is going to be paying for it in her future taxes?
Knowing that nearly $100m of the money will go to people living overseas who are not contributing in anyway to our society while we get nothing makes my blood curdle.
The rest of the money should be directed towards energy efficiency, period. This means energy efficient public transport, energy efficient water treatment plants, energy efficient public buildings, and other clean energy initiatives. If the carbon trading is going to cost so much money as they say, why are we not directing this money at that instead?
13 February 2009 - 9:49pm
#3
Shane,
After reading your
Shane,
After reading your letter just now i find it amazing how you are not 'well established' with a taxable income of $200,000 per annum.
Our family have a taxable income of a 1/4 of this, we are currently paying off our family home, own (not paying off) two cars (not less than 5 years old) and still are able to live, just. We do not or have not received any support from anyone, except from the first home owners grant. It just amazes me. We receive very little family assistance as my partner worked some time this financial year.
I do agree with you about the unemployed, there is a minority who take advantage of the system and have for years, but there is little you and i can do about it unfortunately.
I Agree with the Stimulus package and the handouts that they have passed. Although i am not going to go out and purchase a big screen TV etc, i will bank the money for when we need it. I know this defeats the purpose of the handouts, as this is not stimulating the economy however if we dont save it now, we won't have it when we need it.
My belief is you adjust your lifestyle to what you can afford. We cannot afford to do what alot of families can do, we just don't have the finances. But we get by.
I certainly believe you still should get some tax relief, as your tax brackets i expect would be excessive and i don't believe that is justified, however i don't believe you are entilted to the full payment. Just my opinion.....
8 March 2009 - 4:18pm
#4
redistribute
You're concept of a fair go would be laughable if there were anything funny about it. You're tax should be increased. I am also a professional with post graduate degrees as does my partner and we both work within our fields of profession and have 2 children and our combined income is less than $50000 when childcare is factored. By virtue of working with people living in poverty we know we are absolutely loaded and privileged. I pine for the day that our income level could be the maximum available and wealth be redistributed. If you really think you don't recieve a fair go I'll be willing to sing you 'Cry Me A River' over the telephone if you'd like.
7 April 2009 - 10:39am
#5
fair go
I have read the contents of this Blog - and I really cannot beleive it -
No one has mentioned how this debt will be re-paid, and how political this really is -
I really dont think it's about the G F C at all - I think its buying your vote - and in some respects I feel not so bad about my family's situation -
as a family of 5 profesional (one-student working) we have paid over 187 bonus's in regards to the tax we have ( the 5 of us) paid in the 2008 year! yes that's right , thats over $168,500 in tax
An only one of us, (the student) will get one bonus, probably a duplicate (in eror) of 2x $950-
We are not wealthy... on OECD standards we are all average workers... who got off of our backsides and did something with ourlives - so what about the following;-
I feel discriminated against - why havnt I been given free money to stimulate the economy?
Why, if I have paid a disproportionate amount of the tax in the first place, am I then denied some of it back to help stimulate ? Isnt this what discrimination is ?
Perhaps the legal challenge should have used the discrimation words instead?
One blogger mentioned Water Infrastructure - this is the answer - 100 times the answer
On the un-employed whingers - I say - "when you pay you get a say" - that's right - I say you deserve nil - as per the US tax system - you get no refund when your (total) tax credits run out-
One blogger actually criticised shayne for being- "not well established" - well I've got news for you - this bloke deserves a "fair go" if he is saving the way he is..... possibly he is tired of paying tax at 41.5% because he can earn a good wage- I doubt you would you have any idea what effect that has on you after many years of this most punitive system....
Some other bloke says he's a professional earning less than 50K pa - "when childcare is factored in" - I didnt know this was a tax deduction now? perhaps your concept of having children is different to mine- you see when i had children I , very gratefully, received my $30 per month child endowment - it appears that you want someone else to fund the upbringing of your children to take a calculation such as this? Yes we are all indeed very fortunate in this country - but
this "bonus"measure will haunt professionals and their contribution to australia's future for decades to come... they will not stand to pay for it- now or in the future-
this absurd splash in the face of the toughest conditions for 80 years..... is iresponsible opportunism by one man - a man who want's to be MR 75% -
At the end of the day - my vote , and my integrity, is woth much more than $950-
Wake up AUSSIES - fair go fair go fair go
18 April 2009 - 11:06am
#6
$950 in reply to Gary Daniels
"(b) To pay any money at all to people earning more than $50,000 (say) is hard to fathom"
Mr Daniels,
So you think people that are earning more than $50,000 should be exempt from the $950.00 payment, I am one of these people, just to give you an insight on my life.
I am the only breadwinner in my family . I support my Husband and Daughter on my wage,
My daughter has just started an apprenticeship in another town (she has moved 4 hours away to get a job) Not only do I pay her rent and give her money for food,(she is also doing a part time job to contribute) I also pay our mortage , bills and food on my pay. I work extremely long weeks away from home to ensure we have enough money to cover everything. All on a paltry $58,000 BEFORE Tax. I am sick of all these people whinging about handouts, to be honest I don't care whether I get one or not, personally I would prefer all money to go to our Hospital system. I have never taken a cent from centrelink, even when our daughter was born, we survived on one wage (no bonus's and family payments 20 years ago)and if my daughter is entitled to any payment it is all means tested, wow a whole $60 a fortnight, thanks (even though I pay over $10,000 in tax each year! how many unemployed does that help?? at least 2 right?) all these payments been thrown about is disgusting and to give more to these unemployed please, get off your bum and get a job if my child can move away from her family and everything she knows at 19 I am sure anyone can. Next time stop and think before you open your mouth not everyone earning over $50,000 is single , everyone has different circumstances, remembe that.
Aggie
2 March 2009 - 10:47pm
#7
3 March 2009 - 6:32pm
#8
25 March 2009 - 2:35pm
#9
Chances are you will - I am
Chances are you will - I am in exactly the same boat. Its dependant on your adjusted tax liability, which must be above 0. In everyday language it means you need to earn $11,000. There is a tax bonus caculator at www.ato.gov.au which will give you a better indication.
1 April 2009 - 10:14pm
#10
Shayne????
Shayne you to me sound like a spoilt little bloody kid. Oh you poor thing earning 200k a year in your family. You would be the type of person to put your cash under the mattress then scream you dont have 2,000 bucks in the bank. Go away you snotty little baby. If people like you would spend some of that money we might be in a better situation. Cmon Shayne go get a new car. Wow your car is 10 years old? Lucky you, my car is bloody 27 years old. I am not getting the bonus but sure as hell could use it to fix my old girl up. Be grateful you brat.
7 April 2009 - 10:48am
#11
fair go
From what you have recorded - you sound like a long standing dole bludger - kid?
shane probably has'nt got the time to reply to someone who's got all day to do it - receiving your DSP or dole chq doesnt come with much pride or effort does it
maybe he has got a mattress with money in it- your absurd policies tax & means test hime more if he doesnt- - I think you must be, not only a snotty - baby, but a bludging wanker - a blight on every honest worker in australia- thats my tip - so lets look at your logic -
Because this guy has got of his arse - bettered himself, you want hime to spend his hard earnt Aussie buck - so people like you will be "in a better situation" - like DUR ... tyhank god your not getin the bonus ... you and those like you DONT DESERVE IT - YOU LIKELY HAVNT PAID ANY TAX
15 April 2009 - 12:48am
#12



The ALP have excluded the poorest of Working Australians from receiving the $950.00
The following is copied from Mr Swan's fact sheet
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"Questions and Answers
Who will be assisted?
Australian individuals who are residents for taxation purposes who have a net tax liability after considering their:
tax payable;
Medicare levy and Medicare levy surcharge;
less any offsets or imputation credits they received for the year. "
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This results in single mature age Working Australian who earn a taxable income of more than $14,334 and pay $1.00 in tax will get the $950.00. If that person earns less that $14,334, they gets nothing.
This includes self-employed persons.
A "Fair Go" would change the above test to
"Australian individuals who are residents for taxation purposes who have a taxable income" . This would help poorer members of the community. It could be made fairer to include a work test similar to the Mature Aged Worker Test.
Of course this would allow pensioners and the unemployed to receive the $950.00
Didn't Don Henry say that the lowing income people spent more of their income that higher income people.
Does the ALP realy care abount the less well-off?
This is my first post so please excuse me if I have tramped on toes.