The Stimulus Cabbage is a coming!

[RPO83]

Originally Posted by Barry_v

so when i pay tax it goes into building roads/employing policemen.any tax i get back is borrowed money. when a business pays tax it goes into magical fairyland and any they get back comes from this magical place not hurting anybody?

You know if you weren't so hellbent on an 'us Vs. them' mentality you might actually learn something.

This thread is centered around the Rudd Government's second attempt at an economic stimulus package, not tax cuts to individuals or small business. This package is coming from borrowed money, the Government is not contracting Government spending to return tax dollars back into the economy.

[Barry_v]

Originally Posted by 4Vman

You are very confused aren't you..
The funds for the "stimulus" package is being borrowed, its not coming from collected taxes or consolidated tax revenue, because that money has already been allocated and has run out.....

so the 2.7 billion tax break for business is borrowed money too then yes? why werent you throwing a tantram when that came out?

[RPO83]

Originally Posted by Barry_v

so the 2.7 billion tax break for business is borrowed money too then yes? why werent you throwing a tantram when that came out?

It is not borrowed money, it is money the Government will not 'collect'.

[4Vman]

Originally Posted by Barry_v

so the 2.7 billion tax break for business is borrowed money too then yes? why werent you throwing a tantram when that came out?

Far out.. you've got a serious chip on your shoulder that's blinding you from seeing the facts...
The really sad thing is elections are decided on peoples "interpretation" of these things, regardless of how wildly ill informed their take on it is.

[Barry_v]

Originally Posted by RPO83

It is not borrowed money, it is money the Government will not 'collect'.

i dont get a choice about my tax being removed from my pay. once the financial year is complete the exact amount is decided and i am refunded any money that i am owed. so everyone gets a 'gift' every year if thats your definition. but its not is it, im simply being refunded PART of what i paid. if the government spent that money and needs to borrow it doesnt change that. its still a tax rebate no matter how you want to cut it. which makes it identical to the small business tax cuts.

[Barry_v]

Originally Posted by 4Vman

Far out.. you've got a serious chip on your shoulder that's blinding you from seeing the facts...

you guys came onto this thread clearly looking to start an argument, dont pretend that i forced you into it :

[GT69]

Thats unfortunate. I was hoping this bs would be binned. Hooray for paying interest on debt i had no choice in!

[RPO83]

Originally Posted by Barry_v

i dont get a choice about my tax being removed from my pay. once the financial year is complete the exact amount is decided and i am refunded any money that i am owed. so everyone gets a 'gift' every year if thats your definition. but its not is it, im simply being refunded PART of what i paid. if the government spent that money and needs to borrow it doesnt change that. its still a tax rebate no matter how you want to cut it. which makes it identical to the small business tax cuts.

It is not a tax rebate, it is not a tax cut. The stimulus package isn't part of any tax mechanism just as the last package wasn't. It is not identical to tax cuts to small business or individuals otherwise, funnily enough, it would be called a tax cut.

[Barry_v]

whatever you want to call it i'm going to enjoy mine - my conscience is clear. how could you make me feel guilty if i paid more than $900 income tax?

[RG]

Guys, enough of the political debate and the personal shots.

[xy500]

geeez who cares, get over it!

[Barry_v]

the cash in question is going to be spent decking out my 2V heads with some valves/springs/rockers. sorry if i get a little defensive but i'm sick of looking at the bare heads....

[pommy b]

Nothing like a 'hair of the dog' solution

[montyv8]

some of mine will be supporting small local business, dyno tuning time for my baby

[ILLaViTaR]

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.

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.

Someone has their own business.

[WizBang]

While the wife gets the full $900 I will be only getting $650 which is all still go as we are both starting our hoildays for 3 weeks so this means we might get one or two more jobs done around the house and some more spending money on our trip over east in 2 weeks .....thats is what I think is the whole idea behide this whole thing

[DJM83]

Originally Posted by GT0132

or pay off the credit card.

Whats wrong with that? Thats the plan for me aswell, not that i really need to as i never planned to have this money so its just a 'bonus'. I dont have to use it that way but iam.

[GasoLane]

I cant see the why some people on here who own their own business are whinging about the $900 'handout'

I tend to see it from both sides. I'm a wage earner and my wife has her own business, and like most small business's in this area she is hoping that the $900 will be spent locally.

This obviously wont happen with everyone who gets it, but if some people do, local stores will be able to keep up their profit margins and not have to layoff staff.

[Jason[98.EL]]

russelw's computer company will see the money from me ( well $200 of it ) i broke the screen on my laptopand need to replace it with a new one ( insurence claim )

so i will be looking after both the people at shannons as well as russ

Jason

[dandandandan]

Originally Posted by GasOLane

I cant see the why some people on here who own their own business are whinging about the $900 'handout'

I tend to see it from both sides. I'm a wage earner and my wife has her own business, and like most small business's in this area she is hoping that the $900 will be spent locally.

This obviously wont happen with everyone who gets it, but if some people do, local stores will be able to keep up their profit margins and not have to layoff staff.

Thats exactly right. We all know that this will financially ruin us long term but the fact is that businesses will die and many people will face unemployment if there is nothing done in the short term to promote local spending again.

A long term solution is also needed, such as redmund's idea to decrease our reliance on importing of goods and increase our own local manufacturing and as well as many other ideas to increase our own stability and independence. But that will be a long way off from taking effect unfortunately.

[FRDGAL]

I got my $900 today and have no idea how I'm going to spend it :

[ebxr8240]

Originally Posted by Barry_v

the cash in question is going to be spent decking out my 2V heads with some valves/springs/rockers. sorry if i get a little defensive but i'm sick of looking at the bare heads....

Yep except mine will be Lexus heads CNC ported...