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Laserface posted:Yeah because rich people pay all their taxes, as we just discussed. 60%+ income tax and proper legislation that isn't full of holes AND a man with a club who takes any tax you don't pay out of your kneecaps isn't wholly unreasonable.
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Mar 18, 2015 03:56
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Nibbles! posted:The tax system really does need an overhaul. The top rate is $180k or so? You could make the case for new brackets in the mid to high six figures and even seven. BAS and the like could do with change as it can be a headache for smaller businesses every few months. GST can wholly substitute for company tax, its just that in this scenario the federal government gets no revenue from it.
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Mar 18, 2015 03:56
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Endman posted:Economics is complicated. I think we should go back to bartering pigs for prostitutes and be done with it. It would definitely be a tremendous relief for the Honourable Member for North Sydney
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Mar 18, 2015 03:56
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Laserface posted:Yeah because rich people pay all their taxes, as we just discussed. Why not just raise it in response to the constant loophole usage? If you're going to work around most of it, then pay more to begin with. I call it the "Dodge this" approach.
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Mar 18, 2015 03:56
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markgreyam posted:Why not just raise it in response to the constant loophole usage? If you're going to work around most of it, then pay more to begin with. Just like how 40% of zero is zero, 60% of zero is also zero, only 60% viewed in isolation (or 60c of a dollar) is even more prone to being shed tears over by The Honourable Member For North Sydney There is absolutely no reason to increase income tax to target the rich when the rich can and do pay accountants to convince everyone their incomes are zero
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Mar 18, 2015 04:01
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markgreyam posted:Why not just raise it in response to the constant loophole usage? Nibbles! posted:The tax system really does need an overhaul. The top rate is $180k or so? You could make the case for new brackets in the mid to high six figures and even seven. BAS and the like could do with change as it can be a headache for smaller businesses every few months.
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Mar 18, 2015 04:04
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cpaf posted:Just like how 40% of zero is zero, 60% of zero is also zero, only 60% viewed in isolation (or 60c of a dollar) is even more prone to being shed tears over by The Honourable Member For North Sydney Wait when people are saying zero they're being literal, not just saying "close enough to zero"? I honestly assumed it was just being rounded down for the sake of it. Well now I'm proper angry. I'll go get my kidnapping gear.
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Mar 18, 2015 04:04
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cpaf posted:Just like how 40% of zero is zero, 60% of zero is also zero, only 60% viewed in isolation (or 60c of a dollar) is even more prone to being shed tears over by The Honourable Member For North Sydney Kneecaps are the future. It is through the kneecaps you find the real path towards fair taxation and increased government revenue.
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Mar 18, 2015 04:05
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Sometimes the government even pays them.
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Mar 18, 2015 04:06
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markgreyam posted:Wait when people are saying zero they're being literal, not just saying "close enough to zero"? I honestly assumed it was just being rounded down for the sake of it. quote:If you earn enough money, paying tax can be optional. Tax Office data reveals that 70 Australians with incomes of more than $1 million each in 2010-11 paid no income tax. http://www.smh.com.au/federal-politics/political-news/the-70-mega-rich-who-dont-pay-tax-20130506-2j3ng.html So not technically an income zero, but low enough that they don't have to pay any income tax, practically the same
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Mar 18, 2015 04:11
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cpaf posted:http://www.smh.com.au/federal-politics/political-news/the-70-mega-rich-who-dont-pay-tax-20130506-2j3ng.html I prefer the term Avoision.
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Mar 18, 2015 04:14
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One of the pleasures of seeing all those Managed Investment Schemes like Great Southern go belly up was the fact it soaked a lot of rich pricks who were parking income there as a tax dodge. Less good were the Mum and Dad investors who lost everything because their accountant was on the take from the scheme. Also less good is the fact that a lot of the money remaining is just going straight into the pockets of the lawyers and liquidators.
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Mar 18, 2015 04:20
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An income low enough that they receive the Low Income Tax Offset, moreover.
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Mar 18, 2015 04:20
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quote:PM says he didn't worry about his own metadata when he was a journalist, at a time that pre-dated internet.
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Mar 18, 2015 04:23
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open24hours posted:The GST is pretty obviously a regressive tax. Everyone pays the same amount which favours people with more money. You can argue that tax breaks in other areas make up for it, but that doesn't mean it's not regressive. Was it less regressive than the previous system of wholesale sales taxes, tariffs and levies? What the Dems let through is doubtless less regressive than what Howard would've rammed through once gaining a senate majority.
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Mar 18, 2015 04:26
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ScreamingLlama posted:The same 'most people' that many in this thread have painted as abysmally stupid, terribly ill-informed, or both. The same 'most people' who voted 'for Abbott', thus creating the mess we have now. The same 'most people' who forgot all about WorkChoices because they were distracted by the slow implosion of the federal ALP. Based on that, do you think 'most people' really remember or care about ONE loving SENATOR brown-nosing up to Howard 20 years ago? Sure, marginally smarter folk like yourself can point at us and loudly bray "I REMEMBER WHAT YOU DID LAST CYCLE" because you're so completely secure in the knowledge that our one fuckup somehow disqualifies all future AD members and senators from ever doing anything useful again. You seem like a p. cool guy.
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Mar 18, 2015 04:34
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cpaf posted:http://www.smh.com.au/federal-politics/political-news/the-70-mega-rich-who-dont-pay-tax-20130506-2j3ng.html So you ask for a flat rate for the ransom, not a percentage of income? Got it.
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Mar 18, 2015 04:36
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Mr Chips posted:Was it less regressive than the previous system of wholesale sales taxes, tariffs and levies? Christ knows, the whole thing is incredibly complex. You could probably get a PhD out of it if you could come up with a straightforward answer.
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Mar 18, 2015 04:38
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There are plenty of tax concessions that can be looked at before expanding the GST, like super concessions and negative gearing on existing investment properties.
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Mar 18, 2015 04:39
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I'm forming the AUSTRALIAN TAX LAW MAKES NO SENSE AND LEAVES ME FEELING CONFUSED AND ALONE party.
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Mar 18, 2015 04:40
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dumbocrats
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Mar 18, 2015 04:42
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Endman posted:I'm forming the AUSTRALIAN TAX LAW MAKES NO SENSE AND LEAVES ME FEELING CONFUSED AND ALONE party. https://www.facebook.com/AusTeaParty
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Mar 18, 2015 04:45
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Splitters! 
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Mar 18, 2015 04:46
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open24hours posted:Christ knows, the whole thing is incredibly complex. You could probably get a PhD out of it if you could come up with a straightforward answer. More than likely. I dimly remember writing some Excel VBA to handle the WST a little while before the GST came in, and there were several bands. Add in a century of accumulated crap and the whole things becomes depressing. On the topic of tax chat, this seems a fairly accessible history: http://archive.treasury.gov.au/documents/1156/HTML/docshell.asp?URL=01_Brief_History.asp Chart 3 is particularly interesting - at the time when Australia was the 4th richest country in the world, the top marginal rate was 75% (yes I know that we were rich then because we didn't get destroyed by WWII and US loans)
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Mar 18, 2015 04:47
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SynthOrange posted:PM says he didn't worry about his own metadata when he was a journalist, at a time that pre-dated internet. But they had envelopes!
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Mar 18, 2015 04:57
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This seems more insane libertarian than Endman's confusion based party. Endman can I join your party? Uhoh.... 
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Mar 18, 2015 05:02
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SynthOrange posted:PM says he didn't worry about his own metadata when he was a journalist, at a time that pre-dated internet. He also had no troubles paying back his university debt. People are just whingers.
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Mar 18, 2015 05:03
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markgreyam posted:He also had no troubles paying back his university debt. People are just whingers. "Things that weren't problems in my day, that are problems now, shouldn't be problems now because they weren't problems in my day." ~ Boomers.
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Mar 18, 2015 05:06
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What topics did Abbott report on?
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Mar 18, 2015 05:08
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Labor Waste
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Mar 18, 2015 05:15
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quote:http://www.abc.net.au/news/2015-03-18/leyonhjelm-pushes-for-quolls-to-replace-cats-as-pets/6329674
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Mar 18, 2015 05:46
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open24hours posted:http://www.abc.net.au/news/2015-03-18/leyonhjelm-pushes-for-quolls-to-replace-cats-as-pets/6329674 I recommend the replacement of all "natural libertarians" in any walk of life.
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Mar 18, 2015 05:47
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The 50% tax discount on capital gains is an enormous, continuing middle finger to workers and I propose to behead it immediately.
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Mar 18, 2015 05:49
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 just loving what no gently caress
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Mar 18, 2015 05:51
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As much as I would love to chill out with a pet wombat, the idea that private ownership is the only thing that gives an animal species its value is shockingly stupid.
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Mar 18, 2015 05:52
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I love how libertarians think they are experts on everything. This guy clearly has no idea what "domestication" even means and here he is pulling conservation theory out of his rear end
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Mar 18, 2015 05:54
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open24hours posted:"Just as cats and dogs are in no danger of dying out, the same will be true if native animals are privately owned. It means they have value." That Dave, he's an ideas man. You're an ideas man Dave.
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Mar 18, 2015 05:56
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A pet dingo ate my baby.
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Mar 18, 2015 05:56
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Amethyst posted:I love how libertarians think they are experts on everything. This guy clearly has no idea what "domestication" even means and here he is pulling conservation theory out of his rear end Believing in the free market makes you smarter than anyone else. That's the libertarian creed.
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Mar 18, 2015 05:56
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A family of possums live in my backyard. Why anyone would want one as a pet is beyond me.
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Mar 18, 2015 05:57
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