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fiery_valkyrie posted:How the gently caress does a statue cost $25 million? Not long - he just got $246 million for his new superministry
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May 8, 2018 11:01
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Lol they’re proposing a flat tax bracket from 40k to 200k from 2024. Pie in the sky stuff.
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May 8, 2018 11:01
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Birdstrike posted:clawing $2bn out of r&d deductions hahaha sure I thought they already gutted this too
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May 8, 2018 11:01
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I'm keen to see Leigh Sales ask why the ABC's budget is getting cut for a statue.
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May 8, 2018 11:03
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The Government hopes to raise an additional $373 million from welfare recipients when it extends data matching activities within the Australian Tax Office in 2021. It also hopes to save about $200 million by increasing the waiting period for new migrants to some welfare benefits from three years to four years from July 1. Pre-budget calls to increase the Newstart allowance were ignored
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May 8, 2018 11:05
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BurgerQuest posted:I thought they already gutted this too no they’re thinking that the ato will suddenly stop billions in ‘dodgy’ r&d deductions, conveniently forgetting that the ato isn’t allowed to judge r&d cases (AusIndustry is supposed to do that)
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May 8, 2018 11:14
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Birdstrike posted:no they’re thinking that the ato will suddenly stop billions in ‘dodgy’ r&d deductions, conveniently forgetting that the ato isn’t allowed to judge r&d cases (AusIndustry is supposed to do that) I have a mixed impression as I've seen a few businesses stop claiming it (thin case for claiming in the first place) that I've had dealings with and the few penny stocks I follow predicting smaller claims. I assumed there was a crackdown at some level.
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May 8, 2018 11:22
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Birdstrike posted:no they’re thinking that the ato will suddenly stop billions in ‘dodgy’ r&d deductions, conveniently forgetting that the ato isn’t allowed to judge r&d cases (AusIndustry is supposed to do that) I also cant tell if you're for or against the R&D claims because I think it was very easy to rort as a small business but I'm also not against small business getting a break.
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May 8, 2018 11:24
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https://twitter.com/AdamBandt/status/993787987623272448
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May 8, 2018 11:30
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The Libs will be hosed off before 2024 so who gives a poo poo.
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May 8, 2018 11:34
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BurgerQuest posted:I also cant tell if you're for or against the R&D claims because I think it was very easy to rort as a small business but I'm also not against small business getting a break. no I’m saying that the agency they want to collect that money is not allowed to collect it (and if they do IGOT will throw a shitfit)
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May 8, 2018 11:36
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This was a really weak budget guys. I mean super loving weak. The media is calling this an election budget but all it was is just more handouts for Boomers and gently caress mostly everything else. Why bother? The boomers are going to vote LNP anyway so I don't see it as election winning by any stretch. A 500 dollar tax cut? It's way too minuscule to offset the negative impacts of wage stagnation, job insecurity and the science brain drain. The LNP are dreaming if they think this will change their election woes.
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May 8, 2018 11:40
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Anidav posted:This was a really weak budget guys. On the other hand the voting public are loving brain dead fucks
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May 8, 2018 11:42
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It's a pissweak election budget, like their 2016 offering.
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May 8, 2018 11:43
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Solemn Sloth posted:On the other hand the voting public are loving brain dead fucks Ding Ding Ding
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May 8, 2018 11:48
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https://twitter.com/joshgnosis/status/993798867127681025 Who keeps inviting this guy to Budget Night and why
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May 8, 2018 11:49
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quote:SALES: Why would Australia believe you who hasn't delivered a budget surplus over a Treasurer who delivered ten? Costello: the man, the legend
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May 8, 2018 11:57
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Cartoon posted:Cool! Which TAFEs teach quantum physics? Nobody needs to learn quantum physics.
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May 8, 2018 12:06
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Brown Paper Bag posted:https://twitter.com/joshgnosis/status/993798867127681025 He's the Minister for Home Affairs.
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May 8, 2018 12:10
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https://twitter.com/gingerandhoney/status/993800395829923840
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May 8, 2018 12:16
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Brown Paper Bag posted:https://twitter.com/joshgnosis/status/993798867127681025 No one recognized him from the gay porn videos this time
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May 8, 2018 12:24
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https://twitter.com/joshgnosis/status/993677579516133378
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May 8, 2018 12:29
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Bless the people who think this being a bad, boring budget will hurt the Libs at the polls
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May 8, 2018 12:36
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 Better take down more anti Coalition articles, right guys?
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May 8, 2018 12:58
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Krabboss posted:Bless the people who think this being a bad, boring budget will hurt the Libs at the polls It's nice to have dreams.
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May 8, 2018 13:01
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Anidav posted:
To be fair to the coalition here: all of the other broadcast media organisations revenue have been plummeting too
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May 8, 2018 14:09
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KennyTheFish posted:The idea that the only or best way for SMEs to get capital for growth is from tax cuts is absurd. Tax cuts for small business is definitely not the only way and probably not the best way. But it is a way and one which is not difficult to implement or balance. Where else do you throw your tax cuts? I’d rather see it go to small business than corporations or the individual. I dislike the idea of giving to the individual because it doesn’t necessarily support industries equally but instead primarily ends up in the hands of shop-fronts (cafes, shops, supermarkets, etc). What are you going to spend your extra $540 a year on? Will it be work for your property, car maintenance or more likely a night out, fuel, food or existing debt? norp posted:You didn't answer his question He asked how a tax cut enabled Dave to hire more people given his wage is pre-tax. I highlighted that the cost of hiring is more than just a wage and in a lot of industries. If a company gets a 5% tax cut on profit of $2m, they’ve gained $100k per year without impacting profit. The assumption is that a proportion of companies would reinvest this into the business creating more jobs without impacting their bottom line. I.e Dave now has $100k to buy equipment for a new starter without his take-home being affected. He can either bank the $100k, or he employs the new guy that provides him with further increased profits. Pinball Jizzard fucked around with this message at 14:17 on May 8, 2018 |
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May 8, 2018 14:15
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President Dutton for life. I'll stop calling him the potato king just in case he goes full Erdogan and starts rounding up people who don't salute his portraits or whatever.
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May 8, 2018 14:41
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Pinball Jizzard posted:Tax cuts for small business is definitely not the only way and probably not the best way. But it is a way and one which is not difficult to implement or balance. Where else do you throw your tax cuts? Dave takes the 100k and buys a HSV. You idiot. You total loving moron.
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May 8, 2018 14:44
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Dutton's new power grab he won't have soon and the ALP can use without having to try and convince the electorate it's good.
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May 8, 2018 15:00
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Laserface posted:Dave takes the 100k and buys a HSV. You idiot. You total loving moron. Yes but that's a car that's made in Australia, thus encouraging both local consumption and supporting the local manufa- wait
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May 8, 2018 15:04
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So the former Young Liberal I know from uni now writes for the Daily Mail and AAP; she was writing a story about the $10k cash payment ban in the budget and asked for any public opinions she could quote. The first response was a 'former adviser to two federal Coalition cabinet ministerrs and a Liberal state premier' who said "Taxation is theft. You can quote me on that. Also, public money is stolen money" 
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May 8, 2018 15:44
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NTRabbit posted:The first response was a 'former adviser to two federal Coalition cabinet ministerrs and a Liberal state premier' who said "Taxation is theft. You can quote me on that. Also, public money is stolen money" Then let's stop paying politicians, they seem to be benefiting most from this "theft".
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May 8, 2018 16:12
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I like how Australia is doing the flat tax now. I used to laugh at that crazy poo poo when it was floated by US republicans.
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May 8, 2018 16:21
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Our head of concentration camps is now also the head of secret police.
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May 8, 2018 18:49
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Pinball Jizzard posted:Tax cuts for small business is definitely not the only way and probably not the best way. But it is a way and one which is not difficult to implement or balance. Where else do you throw your tax cuts? Looking at the US, the massive windfall corporations got from the recent tax cuts has mostly been pissed away going into deeper debt to buyback their own stocks. It turns out institutions that are solely devoted to short term profit are actually recklessly stupid, and can't really be trusted to manage money responsibly.
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May 8, 2018 19:03
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Pinball Jizzard posted:Tax cuts for small business is definitely not the only way and probably not the best way. But it is a way and one which is not difficult to implement or balance. Where else do you throw your tax cuts? Don't cut the tax at all. Why is the assumption that government revenue is too high when it is already not meeting expenditure? As for putting more money in the hands of individuals not supporting industries equally. People spending more in cafes and shopfronts means those stores have to hire more to meet that demand. increasing employment. It would actually achieve the stated goal as opposed to their implementation which doesn't. Business does not hire because they can afford to. Business hires because there is demand to be met and they see a profit in meeting it. The question of how they get the capital for that expansion comes after the question of is the demand there and sustainable. There is absolutely no evidence that there is a massive unrealised desire for investment in business expansion in this country that can not be met at the moment.
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May 8, 2018 22:08
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Laserface posted:Dave takes the 100k and buys a HSV. You idiot. You total loving moron. This is exactly what will happen
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May 8, 2018 22:15
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Anidav posted:This is exactly what will happen And the said HSV isn't even able to be designed and built here anymore. What a great outcome for Australia all round.
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May 8, 2018 22:37
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Minister asked for figures on infrastructure spend the day before budget announcement. Today. No infrastructure numbers in the budget. Uhhh. What is this? A budget for idiots? A set up to make it hard for the next government?
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May 8, 2018 22:56
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