No incentive to do overtime

Quote:

---

Originally Posted by Chucaro

Income tax revenue $230 871 billion
Welfare $370 billion including $37 billion on age pension
The age pensioners worked all their life and have paid a fair bit of taxes and also have helped in building or defending this country.
The balance $ 333 871 billion I do not know how are distributed but I guess that we have to look for the sick.
As an Australians we cannot have it in any other way.

---

Thanks for the figures Chucaro. Yep, our social safety net is something we expect and value in Australia, but with our proportion of taxpayers shrinking each year eventually the crunch will come. Best get used to deficit budgets.

Re the aged pension I think that is a group that is hard done by - again, it seems wrong that if you work hard, scrimp and save for retirement you are punished for having too many "assets". Heh... these were probably the same poor buggers being taxed through the nose on overtime for 40 years.

The problem that a lot of shift workers on both salary with pre paid overtime or paid as you go is that your super only has to be paid on your dayshift 38hr rate, not your full wage. So if your base rate is say $50k, the company only has to pay super on that , regardless of the fact that your annualised wage with prepaid could anything from 50% more to 2.5 times more.
Now not all employers are like this, my dept. negotiated a compromise about halfway between base and actual salary(after a lot of "discussion"), and a company my father worked for paid him his super on his full earnings including both weekends and commission.

know how ya feal andy, as i was a tradesman and worked in the mines . some fifo, but, mostly liveing in the comunity. i paid 49 cents on the dollar and the most i ever got back from the ato was 7.500. we worked an average of 100 to 110 hours a week. not much time to your-self. eat, sleep and back to work, was'nt good for the family life so i gave it away for quite a few years, still missed a lot of the youngens growing up as was too tired to got footy games or things of that nature. gillard has a wide palm for all the cash that we give her and nothing in return. it sure dose suck big time.
wally

Quote:

---

Originally Posted by wally.aussie

... i paid 49 cents on the dollar ...

---

Umm, how was that possible???

Individual Tax rates are:

Quote:

---

Tax rates 2012-13
The following rates for 2012-13 apply from 1 July 2012.
Taxable income
Tax on this income

0 - $18,200
Nil

$18,201 - $37,000
19c for each $1 over $18,200

$37,001 - $80,000
$3,572 plus 32.5c for each $1 over $37,000

$80,001 - $180,000
$17,547 plus 37c for each $1 over $80,000

$180,001 and over
$54,547 plus 45c for each $1 over $180,000

---

I find it funny all the people on huge incomes who bitch and moan about all the tax they pay. You can always get a lower paying or shorter hour job if you want to pay less tax... ;)

Australian Tax rates are quite low compared to most of the developed world. When I lived in Germany I really was paying 49% tax.

Tax rates in most parts of the US are quite high once you add local, state, and federal taxes.

And Andy - I find it hilarious you are complaining about this in the middle of June. In a few short weeks you will get all your extra tax back...

Aust has some of the highest taxes, levies plus gts in the world. Out of $100 I earn, about 70% makes it to the govt through one tax or another.

Aust has some of the highest taxes, levies plus gts in the world. Out of $100 I earn, about 70% makes it to the govt through one tax or another.

Quote:

---

Originally Posted by Wally.Aussie

i was a tradesman and worked in the mines ......... i paid 49 cents on the dollar

Quote:

---

Originally Posted by isuzurover

Umm, how was that possible???

---

---

I think "was" is the operative term. During the "Good 'Ol Days" of the Howard Govt, Tax rates on wages as low as $50,000 were 47% plus 1.5% Medicare Levy:
Individual income tax rates for prior years=

Of course, now that tax rates under the Gillard Govt are at historic lows, even taking into account Bracket Creep, she is "squandering the boom times" and we are supposed to have poor standards of living, despite bringing in more take home pay than ever before. Why aren't the Talkback Radio hosts suggesting we go back to those tax rates to solve all our problems?

I'm just sick of paying tax. :D

Quote:

---

Originally Posted by LandyAndy

Salary workers are compensated for no overtime/public holidays etc in their contracts.
Dont get me wrong,Im more than happy to do the overtime,it makes an average paying job a good paying job.This pay takes me to $70000 for the year with a fortnite to go.Not many shire workers earn this amount,rather do what I do than be an ant on a mine;););););););)
Andrew

---

Not all of us Andy,
I have to work every weekend this month because of commitments I am trying to secure some funding at work.

I would still get paid the same if I never did any work outside normal hours.
I would love the opportunity to earn some extra money :(

Cheers

Cheers

I am sure the official 5.5 % plus under employed would love a cut of the overtime.There are constant reports of Aus. having one of the highest rates of overtime . It is haves and have nots. The casuals are lead along with do O/T and you will be made permanent . Never happened to me . If scheduled and routine overtime is part of the work place then either there is poor planning of labour and resources . What percentage really want regular overtime or time for themselves for other activities ?