Who deserves a tax cut? Sqotty's people working hard in difficult jobs on $200k or more.

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Chief

Chugging Adrenochrome
Dec 1, 1999
102,414
81,602
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Carlton

Just plain old folks earning a reasonable wage by workin' hard.

To put it in terms we can understand, that's 2% of the population who really just deserve a big ol' tax cut.

This includes (surprise!) federal MPs on $211,000 base + allowances, kickbacks and post-government jobs.
 

Number37

Anyhow, have a Winfield 25.
Oct 5, 2013
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All borrowed money too, remember Australia was going to fall apart at the seams because we were borrowing money to pay for welfare? Now we're borrowing money to pay for Maldives holidays.
You're forgetting that they are people 'of calibre' and the taxpayer should never complain about giving free lunches to people 'of calibre', because they're people 'of calibre'.
 

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Ned_Flanders

Premium Platinum
Aug 22, 2009
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You're forgetting that they are people 'of calibre' and the taxpayer should never complain about giving free lunches to people 'of calibre', because they're people 'of calibre'.
bloody leaners!!! The only reason they dont earn $200k+ is lack of effort. They should pay extra tax to compensate the true batters who work for a living!!!
 

Crankyhawk

Brownlow Medallist
Sep 21, 2007
20,187
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Melbourne
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now if I heard correctly super goes up to 10 % of income
which is just more money getting pushed into excess contributions and then the bastards claw back more in tax and charges.
and there is no option to restructure income to avoid it
forking bullshit
 

Hornberger

Club Legend
Jun 20, 2011
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now if I heard correctly super goes up to 10 % of income
which is just more money getting pushed into excess contributions and then the bastards claw back more in tax and charges.
and there is no option to restructure income to avoid it
forking bullshit
Mandatory super guarantee is capped at income of $235,680. Above that, employers are not required to make further contributions.
10% of $235,680 is $23,568 is less than the concessional super contributions cap of $27,500.
 

FRUMPY

Brownlow Medallist
Aug 18, 2006
28,940
34,116
Melbourne
AFL Club
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Just plain old folks earning a reasonable wage by workin' hard.

To put it in terms we can understand, that's 2% of the population who really just deserve a big ol' tax cut.

This includes (surprise!) federal MPs on $211,000 base + allowances, kickbacks and post-government jobs.
Whats the issue?

Sent from my CPH2005 using Tapatalk
 

Hornberger

Club Legend
Jun 20, 2011
2,046
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AFL Club
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Employer does not seem to be able to do this,
Employers can do it, they are just too lazy to set up their payroll properly

Edit: The cap is per employer, so if you have multiple employers then you are out of luck. But that also means that you also in the top marginal tax bracket, and you income is already being taxed at the top marginal, so you are not being subject to extra tax on your super, just the same tax as you would otherwise be subject to on your income.
 

Crankyhawk

Brownlow Medallist
Sep 21, 2007
20,187
14,730
Melbourne
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Employers can do it, they are just too lazy to set up their payroll properly

Edit: The cap is per employer, so if you have multiple employers then you are out of luck. But that also means that you also in the top marginal tax bracket, and you income is already being taxed at the top marginal, so you are not being subject to extra tax on your super, just the same tax as you would otherwise be subject to on your income.
Also an excess contribution charge which they claim is due to late payment but the rate seems higher than any current interest rate. And if I go over the non concession cap (not likely) the money is taxed 94 c/ dollar (direct quote from ato website)
 

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Number37

Anyhow, have a Winfield 25.
Oct 5, 2013
19,168
19,911
AFL Club
Sydney
Also an excess contribution charge which they claim is due to late payment but the rate seems higher than any current interest rate. And if I go over the non concession cap (not likely) the money is taxed 94 c/ dollar (direct quote from ato website)
The rate isn't floating. It is fixed.
Pensioners faced the same issue when the deeming rate was percentage points higher than any real world rate.
 

Seeds

Hall of Famer
Sep 15, 2007
44,687
40,638
I don't know
AFL Club
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Just plain old folks earning a reasonable wage by workin' hard.

To put it in terms we can understand, that's 2% of the population who really just deserve a big ol' tax cut.

This includes (surprise!) federal MPs on $211,000 base + allowances, kickbacks and post-government jobs.
They deserve a tax cut cos they are paying far too much of Australia’s tax intake and get little To none of thé service benefits their taxes are paying for.

you are just being selfish wanting to take more of their money for yourself.
 

Seeds

Hall of Famer
Sep 15, 2007
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bloody leaners!!! The only reason they dont earn $200k+ is lack of effort. They should pay extra tax to compensate the true batters who work for a living!!!
High income earners not only pay higher taxes then everyone else they pay higher marginal tax rates. maybe you are a low income earner cos you don’t understand what this means and somehow think they are paying less. You aren’t getting dudded.
 

Chief

Chugging Adrenochrome
Dec 1, 1999
102,414
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High income earners not only pay higher taxes then everyone else they pay higher marginal tax rates. maybe you are a low income earner cos you don’t understand what this means and somehow think they are paying less. You aren’t getting dudded.
They get plenty of loopholes, deductions, and generally better tax advice.
 

Seeds

Hall of Famer
Sep 15, 2007
44,687
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I don't know
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They get plenty of loopholes, deductions, and generally better tax advice.
I am one of those people. there are no loopholes. No deductions.

And the tax advice from experts is that there are no loopholes and deductions.

I pay tax today on super i can’t touch for 30 years. I pay full child care fees while everyone else I know gets massive subsidies.

it’s fake news that workers on high incomes avoid paying tax. We don’t. At least not in this country.

high income owners on 200 plus thousand a year pay the same marginal tax rate as those earning 20-30 million a year.


the People who can avoid paying their full extent of taxes are the extremely rich Capital owners. Not the high income workers.
 

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