The Stimulus Cabbage is a coming! - Page 2

Redmund · 03-04-2009, 05:30 PM

Look at all those that are happy with this gold plated carrot the government is dangling in front of them. I'm not surprised Rudd got in. Look at the attitudes.

Little do they know the interest we are paying on the borrowed money. Yes interest. Savvy? 42 billion at 40 odd % is 17 billion interest. But hey, 900 bucks right now is great.

Job losses aren't ruining the country. Debt is.

**GasoLane** · 03-04-2009, 06:01 PM

Quote:

Originally Posted by SAHeapsGood

I dont agree with the Krudd Govt on this, waste of time and money... but ill never say no to money...

So if you dont agree with it give it to the Salvo's. That way we wont have to call you a hypocrite.

dandandandan · 03-04-2009, 06:30 PM

Quote:

Originally Posted by Redmund

Look at all those that are happy with this gold plated carrot the government is dangling in front of them. I'm not surprised Rudd got in. Look at the attitudes.

So are you saying all those that are relieved to be getting some extra cash to survive, keep their heads above water from the Govt have a bad political attitude?
The government isn't dangling any metaphorical gold carrot in front of the public, we're being given this without choice.
Many people will find this Stimulus package to be a god send so that they can get themselves out of a tight corner and keep have some financial breathing space.

Quote:

Originally Posted by Redmund

Little do they know the interest we are paying on the borrowed money. Yes interest. Savvy? 42 billion at 40 odd % is 17 billion interest. But hey, 900 bucks right now is great.

Of course we'll pay it back, we'll pay it back with a large amount of interest but small to big businesses are copping it and the flow through effect to the blue collar worker is being felt in many industries that support our communities and so this package may help keep them in jobs, may keep food on the table for those that have lost jobs and are supporting families and etc.

Also I think people know how loans and interest works, most people have taken out mortgages and personal loans before.

This $900 may not mean anything to you, but to many people and lots on this forum, it means a heck of a lot.

Quote:

Originally Posted by Redmund

Job losses aren't ruining the country. Debt is.

Ummm I'm pretty sure these job losses can be more justly attributed to the world wide credit crisis/recession.

Not having a dig at you mate, but heaps of people are depending on this money and it's rubbish of you to insinuate idiocy with what you posted.

**DJM83** · 03-04-2009, 06:44 PM

Quote:

Originally Posted by 4Vman

You have to take the money weather you like it or not because again, weather you like it or not you'll be paying it back with interest over the next 4 years....

So true alot of people only see the short term gain not the long term loss

Redmund · 03-04-2009, 06:53 PM

Quote:

Originally Posted by dandandandan

So are you saying all those that are relieved to be getting some extra cash to survive, keep their heads above water from the Govt have a bad political attitude?
The government isn't dangling any metaphorical gold carrot in front of the public, we're being given this without choice.
Many people will find this Stimulus package to be a god send so that they can get themselves out of a tight corner and keep have some financial breathing space.

Of course we'll pay it back, we'll pay it back with a large amount of interest but small to big businesses are copping it and the flow through effect to the blue collar worker is being felt in many industries that support our communities and so this package may help keep them in jobs, may keep food on the table for those that have lost jobs and are supporting families and etc.

Also I think people know how loans and interest works, most people have taken out mortgages and personal loans before.

This $900 may not mean anything to you, but to many people and lots on this forum, it means a heck of a lot.

Ummm I'm pretty sure these job losses can be more justly attributed to the world wide credit crisis/recession.

Not having a dig at you mate, but heaps of people are depending on this money and it's rubbish of you to insinuate idiocy with what you posted.

If $900 is the difference between survival and extinction, then these people have a lot more to worry about. $900 doesn't last long. Having read various forums, most people seem to be spending the money on tattoos, cd players or drugs, not necessary items like food and what not.

You grazed over the point in your reply, but I think you are missing it's true meaning. $900 now is not much compared to the tax we will be paying back on it. So, you get a small amount of relief now, only to get smashed in the coming years. It's a band-aid fix which is going to hurt in the long run.

4Vman · 03-04-2009, 06:55 PM

Quote:

Originally Posted by 51RTE

So true alot of people only see the short term gain not the long term loss

Yep.. in effect we should be looking at this $900 as a personal loan from the govt.. the difference is you don't have a choice about taking it, nor do you have a choice about how you're going to pay it back... hidden repayments in the form of taxes will take care of that.... WITH interest.

bloggs24 · 03-04-2009, 06:59 PM

Quote:

Originally Posted by BFXRScott

Long post put everything about package

One-off cash bonus for eligible Australians

Taxpayers may not be eligible for the payment if their tax
payable and Medicare levy less tax offsets and/or imputation
credits resulted in $nil tax payable in 2007-08. For example if
they earned less than $11,000 in 2007-08 and are entitled to the
low income tax offset, they would not have a tax liability and
therefore would not be entitled to the tax bonus payment.

See, last year while i was at school, my income for the year was $11035, and even with my work uniform claim, i still dont think i got the total tax witheld back, so im confused whether or not ill get it.

RPO83 · 03-04-2009, 07:03 PM

All I can say is "Where can we get these placebos?"

Deech · 03-04-2009, 07:14 PM

Quote:

Originally Posted by bloggs24

See, last year while i was at school, my income for the year was $11035, and even with my work uniform claim, i still dont think i got the total tax witheld back, so im confused whether or not ill get it.

If money got taken from your pay as income tax, and you got anything less than all of it back at the end of the financial year, you paid tax.
Even if it were a single dollar, as long as you submitted last year's tax return, and got anything less than a complete refund (ie earnt higher than the no tax threshold [$6k?]), you'll be eligible.

Edit, this calculator will confirm http://calculators.ato.gov.au/script...=ESB.xr4&go=ok

You need last year's tax return on hand

dandandandan · 03-04-2009, 07:21 PM

Quote:

Originally Posted by Redmund

If $900 is the difference between survival and extinction, then these people have a lot more to worry about. $900 doesn't last long. Having read various forums, most people seem to be spending the money on tattoos, cd players or drugs, not necessary items like food and what not.

Yeah of course those that are in dire need of these funds have bigger things to worry about but the fact is heaps of people need this money and they need it now regardless of how much we will have to repay.
Various forums are just a small amount of the population. They can spend this money on whatever they like but it doesn't mean that there aren't a lot of people that are out of jobs and need this money or are struggling to pay things off like home loans, car loans, insurance etc.

Quote:

Originally Posted by Redmund

You grazed over the point in your reply, but I think you are missing it's true meaning. $900 now is not much compared to the tax we will be paying back on it. So, you get a small amount of relief now, only to get smashed in the coming years. It's a band-aid fix which is going to hurt in the long run.

I don't think anyone believes that this stimulus package is the saviour to the world wide recession. It is a band aid fix, that I agree with but it doesn't take away the fact that we're going through very (but understated) difficult financial times and action needs to be taken to atleast try to help people and businesses out.

We've always been "smashed" with our taxing on goods and services and with our super high income tax that seems to dissipate into avenues that see no benefits for the wider community but I don't believe I've grazed over the point at all. There is no one fix solution or long term strategy that will ensure our country's financial future. Like businesses we're just as susceptible to any financial turmoil that the world feels.

SM1DY · 03-04-2009, 07:36 PM

Quote:

Originally Posted by Deech

Edit, this calculator will confirm http://calculators.ato.gov.au/script...=ESB.xr4&go=ok

You need last year's tax return on hand

YES!!! Just used that calculator to confirm my $900 payment, feeling very good right now.

**fordomatic** · 03-04-2009, 07:59 PM

the best thing about this is i earned over $80,000 last financial year but only $25,000 of it was taxable income. so i get the full $900, awsome.

Deech · 03-04-2009, 08:07 PM

Quote:

Originally Posted by fordomatic

the best thing about this is i earned over $80,000 last financial year but only $25,000 of it was taxable income. so i get the full $900, awsome.

Taking a stab at it... Spent a while overseas?

GT0132 · 03-04-2009, 08:18 PM

I thinks it's fantastic that the hours I worked to earn the $70k I paid in taxes last year was worth the hard slog and that the money is going to a good cause...I'd much rather our taxes were spent in this way rather than improving health, education, transport and law enforcement.

Bucknaked · 03-04-2009, 08:21 PM

Quote:

Originally Posted by GT0132

I thinks it's fantastic that the hours I worked to earn the $70k I paid in taxes last year was worth the hard slog and that the money is going to a good cause...I'd much rather our taxes were spent in this way rather than improving health, education, transport and law enforcement.

Wow $70k in taxes. You must earn a lot to pay that much in tax.

GT0132 · 03-04-2009, 08:26 PM

Quote:

Originally Posted by Bucknaked

Wow $70k in taxes. You must earn a lot to pay that much in tax.

I do Ok, but if I divided my salary by the number of hours I work in a year , I probably get not much more per hour than you

_2:

EDIT: My ex wife loves it

Bucknaked · 03-04-2009, 08:31 PM

Quote:

Originally Posted by GT0132

I do Ok, but if I divided my salary by the number of hours I work in a year , I probably get not much more per hour than you

_2:

EDIT: My ex wife loves it

I have no idea what my hourly rate is. I'm a public Servant. I go to work and each fortnight get paid.

GT0132 · 03-04-2009, 08:34 PM

Quote:

Originally Posted by Bucknaked

I have no idea what my hourly rate is. I'm a public Servant.

As a matter of fact, nor do I.

Redmund · 03-04-2009, 09:02 PM

Quote:

Originally Posted by dandandandan

There is no one fix solution or long term strategy that will ensure our country's financial future. Like businesses we're just as susceptible to any financial turmoil that the world feels.

Of course there is.

Help small business and re-introduce manufacturing. They were the backbone of this country and kept a lot of people employed.

People think this struggle is inevitable. No, it is not. If we had business and local product, we would survive and prosper. Unfortunately we do not. We import everything. Our government is borrowing money from foreign sources at massively inflated interest rates. If our government really cared, they would fix the problem by offering more incentives for businesses to hire staff and produce goods and food locally.

Regardless of the blatantly obvious facts, this stimulus package is going to hurt this country long term. Guaranteed.

Redmund · 03-04-2009, 09:05 PM

Quote:

Originally Posted by GT0132

I thinks it's fantastic that the hours I worked to earn the $70k I paid in taxes last year was worth the hard slog and that the money is going to a good cause...I'd much rather our taxes were spent in this way rather than improving health, education, transport and law enforcement.

You and I have to love clueless governments, welfare and medicare. I wish I only paid 70k tax.

Almost makes you want to throw it all in and work 9-5 like the rest of the population.

**fordomatic** · 03-04-2009, 09:06 PM

Quote:

Quote: Originally Posted by fordomatic the best thing about this is i earned over $80,000 last financial year but only $25,000 of it was taxable income. so i get the full $900, awsome.

originally posted by deech
Taking a stab at it... Spent a while overseas?

yeh mate spent a while overseas, about to go back too

:

GT0132 · 03-04-2009, 09:12 PM

Quote:

Originally Posted by Redmund

You and I have to love clueless governments, welfare and medicare. I wish I only paid 70k tax.

Almost makes you want to throw it all in and work 9-5 like the rest of the population.

Well I thank you for agreeing with me champ...I just copped a flaming by PM from a long time member I thought would have agreed.

**fordomatic** · 03-04-2009, 09:19 PM

we all have to love clueless people who post flames for someone paying 70g tax. you guys are the ones that are prob holding all this together at the moment.

GT0132 · 03-04-2009, 09:28 PM

Quote:

Originally Posted by fordomatic

we all have to love clueless people who post flames for someone paying 70g tax. you guys are the ones that are prob holding all this together at the moment.

Mate, the way society works there's a pecking order

There's those that are business owners who provide employment opportunities for those that either (1) don't want to wear the financial risk of running a business, or (2) those that don't mind the risk so much but enjoy the security of a salary and 4 weeks paid leave a year without worrying whats going on back at the farm. Incidently the latter is the category I fall into

Business owners are not all wealthy as some like to stereotype them. They can come from within the ranks of both the rich or average Joe, but one things for sure nobody was ever offered a job from a poor man, so this philosophy that some people have about the wealthy being elitists and crooks doesn't sit well with me.

If it wasn't for rich people unemployment would be in the mid to high 20's

Bucknaked · 03-04-2009, 09:32 PM

Quote:

Originally Posted by GT0132

I just copped a flaming by PM from a long time member I thought would have agreed.

Not cool. Not sure why people go that one step too far. Your entitled to your opinions. It's upto us whether we choose to agree or not.

GT0132 · 03-04-2009, 09:34 PM

Quote:

Originally Posted by Bucknaked

Not cool. Not sure why people go that one step too far. Your entitled to your opinions. It's upto us whether we choose to agree or not.

Well I'm not happy either...In fact the fool admitted he'd been on the turps which he gave as the reason for PM'ing me rather than posting in the thread.

If he'd posted here he would have copped a bit of stick from the mods I suspect such was the tone of his text

Thanks for your support champ

4Vman · 03-04-2009, 09:36 PM

Quote:

Originally Posted by GT0132

Mate, the way society works there's a pecking order

There's those that are business owners who provide employment opportunities for those that either (1) don't want to wear the financial risk of running a business, or (2) those that don't mind the risk so much but enjoy the security of a salary and 4 weeks paid leave a year without worrying whats going on back at the farm. Incidently the latter is the category I fall into

Business owners are not all wealthy as some like to stereotype them. They can come from within the ranks of both the rich or average Joe, but one things for sure nobody was ever offered a job from a poor man, so this philosophy that some people have about the wealthy being elitists and crooks doesn't sit well with me.

If it wasn't for rich people unemployment would be in the mid to high 20's

Here here..

Barry_v · 03-04-2009, 09:43 PM

the most heavily taxed population in the world gets a small amount back in the form of a once off payment. and the sky is falling.

how about you business owners stop trying to make blue collar workers sound like a bunch of thoughtless morons. ill bet your accountants made more than $900 for you by 'tax minimization' last year so DONT get all high and mighty.

Redmund · 03-04-2009, 09:47 PM

Quote:

Originally Posted by GT0132

Well I thank you for agreeing with me champ...I just copped a flaming by PM from a long time member I thought would have agreed.

Almost certainly a 9-5 man with not much else going for him.

Redmund · 03-04-2009, 09:52 PM

Quote:

Originally Posted by Barry_v

the most heavily taxed population in the world gets a small amount back in the form of a once off payment. and the sky is falling.

how about you business owners stop trying to make blue collar workers sound like a bunch of thoughtless morons. ill bet your accountants made more than $900 for you by 'tax minimization' last year so DONT get all high and mighty.

Would you like to come and file my BAS? Pay GST monthly? Pay employer superannuation? Pay payroll tax? Pay a royalty? Pay leave? Pay loading? Pay holiday pay? Pay bonuses? Monitor thieving staff? Stay up until 4 am doing paperwork, then up at 7 am to do it all again? What incentive do I, as a business owner have? I don't get any grants. No help. It gets harder and harder every single year.

Swap you any day.