No incentive to do overtime

I think a lot of people are missing the point. Its not about paying tax, but about how much you pay. 47% is pretty ridiculous for anyone, usually to support some bludger who does not want to work. A lot of this conversation is about OT and additional income. To be stung for this at the highest tax rate is just insulting.

You are only stung at the highest tax rate to prevent getting a tax bill at EOFY.

Other than that, everyone is taxed in accordance to the std schedule.

Want to reduce your tax?
Get a good accountant and discuss options.
Sub contracting, novated leases, investment properties geared correctly etc are all legitimate ways to change your tax load.

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Originally Posted by CraigE

I think a lot of people are missing the point. Its not about paying tax, but about how much you pay. 47% is pretty ridiculous for anyone, usually to support some bludger who does not want to work. A lot of this conversation is about OT and additional income. To be stung for this at the highest tax rate is just insulting.

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You must be disappointed that the 45% tax you paid on your earnings above $180,000 was earmarked for people like that.

My up to 32.5% tax was used for things like hospitals, education and things like that. :D:D:D

On again this weekend to finish the job.
I would prefer some of the other shire workers would put their hand up.NO they wont.I wont let the customer down,I will do the work,would love a weekend off myself:(:(:(:(:(:(:(
Andrew

Eye on the prize mate...

I'm suppose to be going fishing all weekend... I'm going into work to do some pre-planning work...

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Originally Posted by LandyAndy

On again this weekend to finish the job.
I would prefer some of the other shire workers would put their hand up.NO they wont.I wont let the customer down,I will do the work,would love a weekend off myself:(:(:(:(:(:(:(
Andrew

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Andy, this is the perfect time of year to do OT. Just think of the big fat tax return you will get...

quit your whinging.

Im on day 12 of a 27 day stint and haven't been home, my bonus?

$414. BEFORE tax.

AND, as I get paid bugger all 24 hours a day (its a salary) 7 days a week there are occasions when those are the hours I work

...

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Originally Posted by CraigE

Yeah that is crap. The allowances should be paid to all students the same regardless of what their parents earn. Why should the kids be penalised because of what their parents earn.

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Because parent's are supposed to support their children. There is a Parental Asset and Income Test to ensure this. The Commonwealth is the payer of last resort. The intention of Parliament when formulating and passing the legislation is clear. The Child Support Agency is there to provide the same service to custodial parents, that is to extract child support from unwilling parents, mostly scumbag dads.

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Originally Posted by Brian Hjelm

Because parent's are supposed to support their children. There is a Parental Asset and Income Test to ensure this. The Commonwealth is the payer of last resort. The intention of Parliament when formulating and passing the legislation is clear. The Child Support Agency is there to provide the same service to custodial parents, that is to extract child support from unwilling parents, mostly scumbag dads.

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While there are a lot of scumbag dads, There are a lot of dad trapping moms who ditch the dad and take them for everything they have.

Also there are a lot of parents who use there kids for their own gain.

I had a friend that was in part of a trust with his parents. he worked and earned his own money. When it came to tax time the trust distributed his parents earnings to all members of the trust. He never saw any of that money but he had to pay the large tax bill because his parents distributed the funds to him Parents get to pay less tax while there kids foot the bill for the rest.