why should you pay more taxes if you earn more money with little benefits? - Page 2 - Ausbb

TrentZor · 14-12-2009, 06:43 PM

Quote:

Originally Posted by The Hulk

Ceffo,

Don't feel to bad, if you're paying a lot of tax, you're obviously making good money

Anyway, your taxes are going towards great causes such as the $1600 insulation scheme, that was a well thought out and policed plan wasn't it...

Hit up the negative gearing a bit more maybe?
Do you have a good accountant?

I'm sorting myself out next year and appointing Nick Moustakis from Strategic Wealth Management, maybe you've heard of him.
Time to sort out some structure to reduce tax, improve cashflow, protect assets and leverage heavilly.

yeah i get ya buddy but my point is its a shame we should have to resort to paying others and using different tactics just to avoid being shafted by the taxes.

Yeah ive heard of nick from the forums

Kyle Aaron · 14-12-2009, 07:27 PM

Quote:

Originally Posted by ceffo

We all work and pay taxes. What i don't get is why should a guy making over pay more taxes than the guy who is bummed around all his life and then pays next to nothing.

I literally paid 50k last year in taxes from personal income and have am not eligable for such things as medicare etc. Yet i worked hard to be where i am now professionally.

Taxes are paid in proportion to people's ability to pay without it harming their lifestyle too much. Take $1,000 off the person on a pension, and it destroys them; take $1,000 off the guy on $100k and he barely notices.

Benefits are given in proportion to need. Someone on $10,000 needs medicine, public transport and so on to be cheaper; someone on $50,000 can afford those things without any help.

Not all benefits are direct and obvious, for example your tertiary education was heavily subsidised, the trains and roads you take to work are heavily subsidised, large companies pay less for electricity and other services which leaves them more money to pay in salaries, government gives subsidies to new or expanding companies which makes it easier for them to hire people and give them generous salaries.

Quote:

you shouldnt supporting all the other bums out there who CBF getting off their asses to better themselves..

If you cut off the dole, people must still eat, so they'll turn to crime. It costs about $10,000 for someone's dole, it costs $50,000 to keep them in prison.

If you force a lazy bastard to work, they will still be a lazy bastard. So you'll be paying them $30,000+ to do nothing instead of $10,000 to do nothing. As well, there are not enough jobs for everyone - would it be right to give a job to a lazy person when there's a hardworking person who wants it? Cheaper and better to just let them be lazy.

Additionally, our society is full of people who receive money but do absolutely nothing for it. Landlords renting out property, people earning interest on deposited money, people on boards of directors who earn thousands for one or two meetings a year, and so on. It seems strange to criticise the idle poor without criticising the idle rich.

The real test is simply this: if the dole bludgers have it so good, why don't you quit your job and join them? It can't all be your hardworking nature and social conscience... You must feel that you are overall better-off working and earning a decent wage than not.

I have a bag of cement in my garage, you can pop around and have a tablespoon in water, you seem to need it. Harden up, stop whinging, you are well off.

**The Hulk** · 14-12-2009, 07:41 PM

Well Ceffo, would I be right in assuming you are a high salary earner, and also an employee?

The thing that stuck in my mind from reading Robert Kiyosaki many years ago was the 4 quadrants, Employee, Self Employed, Business Owner, Investor.

Basically, the employee gets shafted when it comes to tax.

BoyFromAus · 14-12-2009, 07:41 PM

Quote:

Originally Posted by ceffo

/rant

Im just wanting to see peoples opinions on this and also maybe get a bit more educated on this topic.. (i know debatable)

We all work and pay taxes. What i don't get is why should a guy making over pay more taxes than the guy who is bummed around all his life and then pays next to nothing.

I literally paid 50k last year in taxes from personal income and have am not eligable for such things as medicare etc. Yet i worked hard to be where i am now professionally. yet u have people who just bum around all their lives yet pay the minimum wage tax bracket and also receive a lot of the benefits which My taxes pay for.

There should be a set tax bracket and thats it. If u worked your way up and earnt more then so be it. you shouldnt supporting all the other bums out there who CBF getting off their asses to better themselves..

i dont mind helping out the community etc but some shit irks me a fair bit.

My last years tax reuturn was 300 bux.. I mean wtf 300 bux from paying close to 50k in taxes.

Socialism my friend.... socialism. But be thankful that Australian government is still civilized compared to US government and several other countries.

US has got the worst of capitalism and socialism.

Admin · 14-12-2009, 08:20 PM

shafted in tax,what about the single person they get shafted big time

katie · 15-12-2009, 09:48 AM

Quote:

Originally Posted by The Hulk

Anyway, your taxes are going towards great causes such as the $1600 insulation scheme, that was a well thought out and policed plan wasn't it...

Hey, I'm not complaining, I got my free insulation yay

Just checked the ATO calculators, Ceffo need to be earning around $160k if you are paying $50k in taxes, which would suggest that you don't need the health care card as much as low income earners?

katie · 15-12-2009, 09:49 AM

Quote:

Originally Posted by Admin

shafted in tax,what about the single person they get shafted big time

How, exactly...?

15-12-2009, 10:15 AM

It is said that a society can only truly be judged by how it treats those least forunate.A dole bludger may not be unfortunate but we still treat them the same as the under privileged.Like Kyle said it is sometimes better to pay them 10 grand to do nothing than 30 grand to do a crap job that someone else worthy could be doing.At least we don`t have the numbers of homeless that you see in other places.Try to look at it from a different angle.All that tax you pay buys you the right to not step over bums literally sleeping on the street.

TrentZor · 15-12-2009, 10:25 AM

informative post zarkov and kyle

I agree on that point of view but sometimes its hard to get out of the shell to see the bigger picture..

TrentZor · 15-12-2009, 10:32 AM

Quote:

Originally Posted by katie

Hey, I'm not complaining, I got my free insulation yay

Just checked the ATO calculators, Ceffo need to be earning around $160k if you are paying $50k in taxes, which would suggest that you don't need the health care card as much as low income earners?

Its funny though how i10 years ago on 28k a year i used to whinge about the big income earners that they dont need benefits and make SNIDE remarks.. etc and now the mindset has changed alot in a way. Yet the only difference here is i worked my arse off through those last 10 years and clever thinking not staying at home watching T.V being from an immigrant family with 1 shirt to go to school everyday i would think that doesn't justify these others out there who were born here with a silver spoon in their mouths.

14-12-2009, 08:20 PM	#15 (permalink)
Admin Administrator. Graeme Join Date: Nov 2006 Gender: Posts: 2,808	shafted in tax,what about the single person they get shafted big time __________________ Ausbb- Australian Body Building serving all of your fitness,Body Building needs, conditioning, fat loss, training, supplements and so much more New to this forum? Follow these steps: 1) Register free as a member 2) Introduce Yourself 3) Ask questions, post some answers, learn more 4) Get back to the gym and build more muscle! 5) Create your own Training Diary One team: Ausbb Join Ausbb on facebook Make a Donation. Ausbb Sponsors Ausbb Member of the month - Vote now! Do you own or use a small Gym? Message to all New comers and lurkers: Don't be Afraid to post even if some of the topics might be out of your league don't hide in the shadows jump into General Topic and get to know some of the girls and guys on the forum TAKE PART IN THE 2012 BODYTRANSFORMATION COMP Ausbb is all you need VicFishing - Victorian Fishing forum ps it's Graeme - not Graham

15-12-2009, 10:25 AM	#19 (permalink)
TrentZor Active Member Join Date: Aug 2009 Location: PTC Sydney Gender: Posts: 3,636	informative post zarkov and kyle I agree on that point of view but sometimes its hard to get out of the shell to see the bigger picture.. __________________ WWW.PTCSydney.com.au Strength and Conditioning Gym Trent ASCA level 1 Coach - 0421 790 933

14-12-2009, 07:41 PM	#13 (permalink)
The Hulk Active Member Site Advertiser Join Date: Jun 2008 Location: Sydney Gender: Posts: 2,092	Well Ceffo, would I be right in assuming you are a high salary earner, and also an employee? The thing that stuck in my mind from reading Robert Kiyosaki many years ago was the 4 quadrants, Employee, Self Employed, Business Owner, Investor. Basically, the employee gets shafted when it comes to tax.

15-12-2009, 10:15 AM	#18 (permalink)
Zarkov Guest Posts: n/a	It is said that a society can only truly be judged by how it treats those least forunate.A dole bludger may not be unfortunate but we still treat them the same as the under privileged.Like Kyle said it is sometimes better to pay them 10 grand to do nothing than 30 grand to do a crap job that someone else worthy could be doing.At least we don`t have the numbers of homeless that you see in other places.Try to look at it from a different angle.All that tax you pay buys you the right to not step over bums literally sleeping on the street.