Tax Cuts how did you do...

mowog · 10-05-2006, 02:56 PM

Seems to be a hot topic on the News Blogs.

Me I am very happy with the Tax cuts I get to see more of what I earn and it goes a long way to cover the higher interest rate and fuel cost.

HLC · 10-05-2006, 04:25 PM

i get nothing. ill be earning over 6000 this year and McDonalds never seem to tax me enough.. so looks like i'll be paying this year

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4.9 EF Futura · 10-05-2006, 04:31 PM

Lol... i think im looking at around $10/week.

Not much, but doesnt bother me. Better than a kick in the teeth??

I was pleased to see families did very well and the superannuation tax reform will go a long way to help those approaching retirement.

My boss seemed to have an ear-to-ear grin on his face as well. It would appear he's no longer in the top marginal tax rate

TheSneakiness · 10-05-2006, 04:39 PM

Just in case anyone wants to look. They don't come into effect until the new financial year...

BPXR6T · 10-05-2006, 07:01 PM

Bonus, I thought I would be left out again when I heard "family orientated budget". Extra $6700 will be put to good use...

biomechanic · 10-05-2006, 04:41 PM

Probably around 900 a year

Bucknaked · 10-05-2006, 05:25 PM

Wouldn't mind an income the same as that last figure. Having a $10,200 tax cut is a substantial amount. Would go towards the payments on a new car.

MickyB · 10-05-2006, 05:44 PM

Quote:

Originally Posted by Bucknaked

Wouldn't mind an income the same as that last figure. Having a $10,200 tax cut is a substantial amount. Would go towards the payments on a new car.

Haha, if you were earning that much I don't think you would worry too much when it was time for another car, I know I wouldn't.

As I only work part time I think I will save $365, which is better than nothing I guess.

Bucknaked · 10-05-2006, 05:47 PM

Quote:

Originally Posted by MickyB

Haha, if you were earning that much I don't think you would worry too much when it was time for another car, I know I wouldn't.

As I only work part time I think I will save $365, which is better than nothing I guess.

Yeah true. I guess I'm looking at it from my perspective. For them its probabbly nothing. Maybe it's the difference between Business and First Class.

I'm in the $10 per week category. $19.55 a fortnight to be exact.

galaxy xr8 · 10-05-2006, 05:37 PM

It is very very good for my partner and I, we are happy with it.

DJL351 · 10-05-2006, 05:43 PM

It's funny that if you earn from $40-$60 K you only get $510 a year.
But some one earning $5K less gets an extra $200 a year and if you earn $65 K you get an extra $240 a year????

Needless to say I'm smack bang in the middle of that group! :(

D

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RG · 10-05-2006, 05:45 PM

Quote:

Originally Posted by DJL351

It's funny that if you earn from $40-$60 K you only get $510 a year.
But some one earning $5K less gets an extra $200 a year and if you earn $65 K you get an extra $240 a year????

Needless to say I'm smack bang in the middle of that group! :(

D

:

Same here, smack bang in the middle of averageness.

**Professor Farnsworth** · 10-05-2006, 05:44 PM

i heard that the average joe would get an extra 10 bucks in their fortnightly packet, but if (and i'm guessing) a lot of people are around the 30-35 bracket, that would equate (using the above chart) to being around 700ish a year saving, which means an extra $25+ per fortnight. Is that right ?

Anyone have a link to somewhere that can work it out for you ?

Deadman · 10-05-2006, 05:48 PM

Quote:

Originally Posted by fantz

i heard that the average joe would get an extra 10 bucks in their fortnightly packet, but if (and i'm guessing) a lot of people are around the 30-35 bracket, that would equate (using the above chart) to being around 700ish a year saving, which means an extra $25+ per fortnight. Is that right ?

Anyone have a link to somewhere that can work it out for you ?

I think what you would have heard is an extra $10 a week (not fortnight)

Well that's what I heard at the gym today anyhow...

And by looking at the chart - the 'average joe' would probably save around $510 a year (roughly $10 / week, or $19.62 / fortnight, or $42.50 / month)

**Professor Farnsworth** · 10-05-2006, 05:55 PM

Quote:

Originally Posted by Deadman

I think what you would have heard is an extra $10 a week (not fortnight)

Well that's what I heard at the gym today anyhow...

And by looking at the chart - the 'average joe' would probably save around $510 a year (roughly $10 / week, or $19.62 / fortnight, or $42.50 / month)

I see... Working that out i'll get about an extra $29 per fortnight, which it nothing to sneeze at, that's a third of a tank of fuel!

Falcon_Phill · 10-05-2006, 05:43 PM

Money to the government for nothing. I still dont see why we should pay taxes at all with petrol prices so high.

RPO83 · 10-05-2006, 05:54 PM

Quote:

Originally Posted by Falcon_Phill

Money to the government for nothing. I still dont see why we should pay taxes at all with petrol prices so high.

We wouldn't have the infastructure to drive our cars if we took your thinking into action. Real smart.

NAK302 · 10-05-2006, 06:38 PM

Quote:

Originally Posted by RPO83

We wouldn't have the infastructure to drive our cars if we took your thinking into action. Real smart.

or hospitals, schools, libraries, parks, police, pensions.................................

about 50 bucks a week for me, same for the missus. but they'll want it back in July for medicare levy

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**TUF_302** · 10-05-2006, 06:50 PM

I save bout $375 a year not alot but i spose a saving is a saving.

Bluefreak · 10-05-2006, 06:57 PM

$40/week... Pretty happy with that...

andrew_smith_84 · 10-05-2006, 05:47 PM

looks like an extra $17ish for me, yay looks like ill be getting 18" in 2 years

sleep: i cant wait

Racecraft · 10-05-2006, 05:54 PM

a measley $510pa for me :(

Racecraft · 10-05-2006, 05:59 PM

give with the left, take with the right.. that why they are taxes.. 10 to1 says before 1/7 something goes up the extra few beans they have given away

DJL351 · 10-05-2006, 06:01 PM

Quote:

Originally Posted by Racecraft

give with the left, take with the right.. that why they are taxes.. 10 to1 says before 1/7 something goes up the extra few beans they have given away

Spot on! I'll wager my tax cut on it!

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Deadman · 10-05-2006, 06:03 PM

Quote:

Originally Posted by DJL351

Spot on! I'll wager my tax cut on it!

:

I'll raise you a tax cut and a family benefit increase!! Actually, I don't have a family yet, and I actually agree with you..

Anyhow, let's not turn this in to a political debate, could get nasty down the line and cause a thread closure...

DJL351 · 10-05-2006, 06:08 PM

Quote:

Originally Posted by Deadman

I'll raise you a tax cut and a family benefit increase!! Actually, I don't have a family yet, and I actually agree with you..

Anyhow, let's not turn this in to a political debate, could get nasty down the line and cause a thread closure...

Yes, I don't need my name thrown around in vain!

:

But... on related topic, the budget has not helped in the misses want (sorry need) to have kids.
They are trying to tell us all to have more childern to offset those that are now in the retirement stage....
"One for mum, one for dad and one for the country" if I remember correctly.

D

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AC/DC · 10-05-2006, 06:55 PM

Good to see people actually thinking that the Govt done something good...

We will be approx $2000 better off ! , , ,

AC/DC

brenx · 10-05-2006, 07:20 PM

Going by that tax table. It looks like I get nothing. I was getting taxed 30% before and I'll be getting taxed 30% still. I earn $48,000-$53,000pa.

My only benefits are from childcare. I can claim $4000 per child which I'll definately be doing. Go to get something back somewhere.

**Professor Farnsworth** · 10-05-2006, 07:35 PM

Going by that doesn't the 'what you'll save' table indicate you'll be getting a $510 saving per year ?

brenx · 10-05-2006, 07:37 PM

Quote:

Originally Posted by fantz

Going by that doesn't the 'what you'll save' table indicate you'll be getting a $510 saving per year ?

$510 a year when fuel etc etc is going up is nothing as far as I'm concerned. I've been watching my standard of living rapidly decline.