CLuTZ
Diamonds are forever....
EVO-00X said:
Where does it say that? I'm still unsure if i even qualilfy?
What will $950 do for you?
- Thread starter WindeX
- Start date
Help Support 4GTuner:
Where does it say that? I'm still unsure if i even qualilfy?
lefty
Well-Known Member
OFFON-4 said:
What bike?
I bought a Malvern Star XCS 7.0
Pretty happy for the price
Dean
Member
He's wrong lol.CLuTZ said:
wats your situation Dre?
brisvr4
Member
CLuTZ said:
Have a look here Dre. Should sort it for you.
http://www.ato.gov.au/taxprofessionals/content.asp?doc=/content/64131.htm
CLuTZ
Diamonds are forever....
brisvr4 said:
Sweet, thanks!
So they go off how much your last tax return was? What if you haven't lodged one in a couple of years?
I didn't get any of the first payments- does anyone know exactly what the criteria are to make you elegible?
marinetowing
Member
Deano you are right in saying that uni students and those receiving government assistance will be first to be given the money, then evryone else who is eligible will receive it in order that last years tax return was lodged.
The Mrs was early lodging her tax so will get the money in the first issue, I only did my return last week so will have to wait an extra month to receive it.
The payments will be made by direct deposit if the ATO have your current bank details, otherwise a cheque will be mailed.
To be eligible-
Am I eligible?
Your eligibility and the amount you are paid will be based on your individual 2007-08 tax return.
You are eligible to receive the payment if:
The Mrs was early lodging her tax so will get the money in the first issue, I only did my return last week so will have to wait an extra month to receive it.
The payments will be made by direct deposit if the ATO have your current bank details, otherwise a cheque will be mailed.
To be eligible-
Am I eligible?
Your eligibility and the amount you are paid will be based on your individual 2007-08 tax return.
You are eligible to receive the payment if:
- your 2007-08 taxable income does not exceed $100,000
- your adjusted tax liability for 2007-08 is greater than zero (that is, you paid tax)
- you lodge your 2007-08 tax return by 30 June 2009 or by the deferred date granted to you by the Tax Office, and
- you were an Australian resident for tax purposes during the 2007-08 financial year.
CLuTZ
Diamonds are forever....
Thanks mate- better lodge that tax return pronto!
brisvr4
Member
Richard said:
I'd be on the phone to them asap if I were you
Dean
Member
Definitely.brisvr4 said:I'd be on the phone to them asap if I were you
also something to note,
if you lodge your return with an accountant, they may have extensions in place, whereby if you lodge your return late, you will still receive the bonus later on.
Fucking a-holes in government!
So the amount you receive is based on your salary, that sucks. It should be based on your living arrangements IMO.
Scenario #1:
* Guy earning less than $80K, so gets full $900
* Living at home with mum and dad.
* No expenses (rent, bills, food)
* Contributes nothing to local infrastructure (no rates on house, no payments to water, elec, gas companies etc)
* Spends money on toys and going out
Or
* Saves it (defeats purpose of getting it - go out and SPEND SPEND SPEND)
* So really, gets more money ($900) on top of his <$80K salary which just sits there accumulating.
Scenario #2:
* Guy earning $90<$100K (higher tax bracket too), gets what, $200??
* Living in own house on their own
* Paying off a mortage, has bills, has to shop for food
* Pays rates, pays for gas, water, elec (ie supports local infrastructure)
* Uses money to buy furniture for house or other things (do the repairs that have been needing to get done for a while)
*Is not really getting as much benefit of their take home salary than guy earning <$80K (who has no real expenses) but still gets shafted by $700 by the government.
So why should guy in Scenario #1 get more $$$ than guy in Scenario #2!?!?!?!?
So the amount you receive is based on your salary, that sucks. It should be based on your living arrangements IMO.
Scenario #1:
* Guy earning less than $80K, so gets full $900
* Living at home with mum and dad.
* No expenses (rent, bills, food)
* Contributes nothing to local infrastructure (no rates on house, no payments to water, elec, gas companies etc)
* Spends money on toys and going out
Or
* Saves it (defeats purpose of getting it - go out and SPEND SPEND SPEND)
* So really, gets more money ($900) on top of his <$80K salary which just sits there accumulating.
Scenario #2:
* Guy earning $90<$100K (higher tax bracket too), gets what, $200??
* Living in own house on their own
* Paying off a mortage, has bills, has to shop for food
* Pays rates, pays for gas, water, elec (ie supports local infrastructure)
* Uses money to buy furniture for house or other things (do the repairs that have been needing to get done for a while)
*Is not really getting as much benefit of their take home salary than guy earning <$80K (who has no real expenses) but still gets shafted by $700 by the government.
So why should guy in Scenario #1 get more $$$ than guy in Scenario #2!?!?!?!?
lefty
Well-Known Member
Does a single person earning 90-100k need another $900? I mean shit, I get just over 30k a year (before tax), I would love to buy/live in my own house, but sif I got any sort of chance. I would think you could live quite happily off 90k a year.
All I do is try and save a bit (if theres anything) while I can.
Scenario 1 is staying at home because...
A. He cant afford the luxury to buy a house.
B. Im sure he's paying some sort of rent/food/bills (Unless hes italian?)
C. Has to sacrifice some privacy (gg no loud girls over?)
D. Is probably trying to save as much $$ as they can before buying a home.
E. Wouldnt have the luxury of a big budget to get a shiny new car or tv.
F. Their car is probably their biggest asset
Scenario 2
A. Complains about scenario 1 guy because he gets more cash handout
B. Complains because he has to pay ongoing money/maintance to own a house
C. Complains stating well scenario 1 dude should have a better education to get more $$.
So, in both scenario's you weigh up the pro's/con's and make a choice.
Just think of it as a bonus (whatever you get) and also think how much further in debt labor has made us. I'd just be grateful and thats it. This argument is like children whinging imo. Funny that, you get taught when your young "stick and stone might break my bones but words will never hurt you", and you get on with it, but when you mature, if someone says shit, people want to sue your ass. :S
If they really wanted to stimulate the economy, instead of sending out cheque, send out special vouchers/cards that can only be used in Aust stores to buy goods/products, that way it gets spent, not stored (like a gift card). I do also get your point though, if its suppose to stimulate the entire population using tax paid by everyone, it would be fair to recieve the same amount, but I think Labor wants to focus on giving something to the needy/poor rather than the comfortable people. I'm sure it would mean alot more to those who arnt able to afford the luxury items (or even xmas/bday presents) than those living comfortably, then again, does anyone generally need this handout at all?
All I do is try and save a bit (if theres anything) while I can.
Scenario 1 is staying at home because...
A. He cant afford the luxury to buy a house.
B. Im sure he's paying some sort of rent/food/bills (Unless hes italian?)
C. Has to sacrifice some privacy (gg no loud girls over?)
D. Is probably trying to save as much $$ as they can before buying a home.
E. Wouldnt have the luxury of a big budget to get a shiny new car or tv.
F. Their car is probably their biggest asset
Scenario 2
A. Complains about scenario 1 guy because he gets more cash handout
B. Complains because he has to pay ongoing money/maintance to own a house
C. Complains stating well scenario 1 dude should have a better education to get more $$.
So, in both scenario's you weigh up the pro's/con's and make a choice.
Just think of it as a bonus (whatever you get) and also think how much further in debt labor has made us. I'd just be grateful and thats it. This argument is like children whinging imo. Funny that, you get taught when your young "stick and stone might break my bones but words will never hurt you", and you get on with it, but when you mature, if someone says shit, people want to sue your ass. :S
If they really wanted to stimulate the economy, instead of sending out cheque, send out special vouchers/cards that can only be used in Aust stores to buy goods/products, that way it gets spent, not stored (like a gift card). I do also get your point though, if its suppose to stimulate the entire population using tax paid by everyone, it would be fair to recieve the same amount, but I think Labor wants to focus on giving something to the needy/poor rather than the comfortable people. I'm sure it would mean alot more to those who arnt able to afford the luxury items (or even xmas/bday presents) than those living comfortably, then again, does anyone generally need this handout at all?
jase
Ye Olde Member
If they really wanted to stimulate the economy, they'd produce a package that had a multiplier far greater than what the current package includes.
This most likely means you won't receive "free money" (which it isn't anyway), but you will be more likely to have a job in a years time.
Fat chance of that though..
This most likely means you won't receive "free money" (which it isn't anyway), but you will be more likely to have a job in a years time.
Fat chance of that though..
Dean
Member
Who got their bonus?
I did
Who's already spent it?
I have
I did
Who's already spent it?
I have
CLuTZ
Diamonds are forever....
I still have to do my 08 tax return! got a letter today saying its payday when I get my A into G
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