GTCE
3.5K posts
GTCE
@tommygnr
Make the most of every day Don't let hard times stand in your way Give a wham give a bam but don't give a damn Cos the benefit gang are gonna pay!
Melbourne, Australia Katılım Mart 2012
702 Takip Edilen214 Takipçiler
Re number 1. The judgment says "cisgender" is used as a purely descriptive term. Impossible. The term is contested. This is pure ideology from the court.
Julie Szego@JulieSzego
Whatever the FC judges decide today, and obviously #IStandWithSallGrover, I hope: 1. They reject ideological language, “cis-gender” etc. 2. Avoid “be kind” sentimentality that entrenches dubious narratives of victim hood.
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@cosmicjester Noel makes a vague, weak and unsympathetic argument against bad tax reform. That doesn’t change the fundamental fact this is still an awful policy.
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The opponents of these tax changes really do themselves no favours. What tax payer that pays the majority of their taxes through payg has sympathy for this?
Noel Whittaker@NoelWhittaker
I'm running numbers on family trusts. If the trust owned by mum, dad, and 19-year-old daughter earns $180,000 a year and they distribute $60,000 to each the tax will be three times $9,000 = $27000. At 30% flat, it's $54,000. That's double - The only way out is to change distributions to wages, but they must be able to justify the wage. It's a shameful attack on business
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@Keg767 @Ozegalitarian I won’t delete though as this “egalitarian” called me a poor little fella & spoiled child then told me to grow up.
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@Keg767 @Ozegalitarian Thanks for the feedback. I could and should comport myself better. Dealing with people who have only a superficial grasp of tax policy concepts yet seem to have constructed ideologically motivated mental models of how these tax reforms work has left me at the end of my tether.
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My wife doesn’t work. We are blessed to have some money in savings.
Let’s say she puts $100K in a hi interest account at 5% at the end of the year she owes nothing in tax.
However if she gets a capital gain of $5K she’s up for $1500 in tax.
What an asinine policy! Ludicrous!
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@taipan168 @spenderallegra Any time I hear politicians talk of backing winners I know I’m paying too much tax. They shouldn’t have the budget/capital to pick winners. It’s their job to create a tax regime that encourages economic growth and investment. It’s our (the private sector’s) job to make it happen.
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CGT should encourage *all* entrepreneurs, not just tech startups, @spenderallegra.
What about a plumber starting a business that could grow to 100 staff? Or when Mecca Cosmetica had one outlet? A small business raising capital to expand overseas?
theaustralian.com.au/nation/budget-…
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@speedbird020 @Keg767 @queemslander This is exactly my position. First home owners grants and stamp duty concessions count for nothing in family court
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@Keg767 @queemslander What if some of us do have a $100k invested, from a divorce settlement or something else similar so that (we) people are saving up to buy an apartment or a house.
Why can’t we earn extra money to help us, but now Albo wants to tax the buggery out it. What a stupid policy.
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If you have $100k just lying around to invest then you have nothing to complain about.
Keg ✈️🇦🇺@Keg767
My wife doesn’t work. We are blessed to have some money in savings. Let’s say she puts $100K in a hi interest account at 5% at the end of the year she owes nothing in tax. However if she gets a capital gain of $5K she’s up for $1500 in tax. What an asinine policy! Ludicrous!
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@Keg767 @queemslander All I’m going to say is that I’m glad you fly planes for a living and that these special types would drive for uber if they had the smarts to operate the app.
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I already said in the follow up to my tweet that we didn’t have $100K. I was using a real example and a hypothetical amount (with a nice round number that I presumed idiots could work out easily) to illustrate the stupidity of the CGT policy.
Clearly the example was not idiot proof.
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@Ozegalitarian @Keg767 Predictably you have nothing to say. Fucking loser idiot with a minimalist grasp of economics. Leave this debate to the adults please.
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@Ozegalitarian @Keg767 Look up the difference between refundable franking credits and the non-refundable minimum CGT. Then give me a sound policy reason why one is refundable and the other isn’t.
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@AussieHotelGuy I have actual knowledge of this as I worked in AU for a UK headquartered company. Their public (bank) holidays come out of their annual leave balance. Also they can only roll over 5 days of AL into the next year. Our system is actually more flexible.
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Why / how does the UK get 28 days annual leave while we accept 20 days in Australia? #auspol26
Holiday entitlement: Entitlement - GOV.UK share.google/lyF0xS7fcwcM1S…
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@19yma19 @AdamDavis35 @Keg767 @browncharley23 The source is as good as you can possibly get: budget.gov.au/content/04-tax…
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@19yma19 @AdamDavis35 @Keg767 @browncharley23 My god man. You’ve been arguing with people for hours who have all been telling you that you’re wrong and only now do we see that you fundamentally misapprehended the changes.
30% non refundable minimum tax. Bad policy.
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I must say that many of the responses to this have alarmed me. The lack of comprehension by many people goes a long way to describing why our nation is in the state it is.
Keg ✈️🇦🇺@Keg767
My wife doesn’t work. We are blessed to have some money in savings. Let’s say she puts $100K in a hi interest account at 5% at the end of the year she owes nothing in tax. However if she gets a capital gain of $5K she’s up for $1500 in tax. What an asinine policy! Ludicrous!
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@sspencer_63 @Lock322 Nothing. This is dumb policy by Labor hacks who don’t understand private enterprise and our existing tax system.
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@sspencer_63 @Lock322 The personal services income tax rules already prevent income splitting rorts. So this hypothetical must be describing investment earnings. What’s stopping the “main income earner” transferring ownership of the income producing asset to the other two taxpayers?
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In this scenario a 19 year old is getting $60,000 a year. Do the people who do these examples ever realise how absurd they look to the other 99% of the population? And how they just reinforce the need for this crap to be stopped?
Noel Whittaker@NoelWhittaker
I'm running numbers on family trusts. If the trust owned by mum, dad, and 19-year-old daughter earns $180,000 a year and they distribute $60,000 to each the tax will be three times $9,000 = $27000. At 30% flat, it's $54,000. That's double - The only way out is to change distributions to wages, but they must be able to justify the wage. It's a shameful attack on business
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@sspencer_63 Noel being an out of touch silver haired and greedy superannuant making a weak criticism doesn’t mean this tax regime isn’t bad.
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@amy_sargeant_ This verdict is a mixed ball-bag for me (pardon the pun). +ve: you autogynephiles won’t be in my bathrooms. -ve: my mum, sisters, partner and nieces can no longer safely use a public toilet. Congratulations.
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Moments after court adjourned, Sall Grover ran to her dad and started sobbing into his shoulder. The law is very clear: discrimination against trans women is not acceptable. Thanks to all involved for reaffirming this in such a powerful way.
#TickleVGiggle
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@TyCobbuofw @taipan168 My sweet summer child 🤣.
As an Australian citizen ours is not reason why; ours is to pay tax until we die.
Albo and Chalmers picked up the bill. Unfortunately they’re reaching into our pockets to pay.
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@taipan168 Will they get a bill for all that? Otherwise seems like a fun little experience.
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Given that Bullsbrook cost Australian taxpayers $1.37bn, at least its cost-per-use is now down to $228m per person rather than infinity.
And the chartered plane would have cost in the order of $500k too.
smh.com.au/national/austr…
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