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

TrentZor · 14-12-2009, 03:26 PM

/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.

brendon · 14-12-2009, 03:35 PM

hehe... i will just agree completely with you! i wont start my rant.. i just try not to worry about it..
why dont you lease a car or something. i did that and now 9k of my taxes goes to the car per year. much better than it going elsewhere. not much but it helps.

TrentZor · 14-12-2009, 03:39 PM

brendan ... harsh thing was that was after i had a salary sacrifice on the merc /shrug

brendon · 14-12-2009, 03:44 PM

hahahahah... wow.... well you sound like you are on the BIG dollars anyway so im sure 50k is not much to what you actually brought in and got.

TrentZor · 14-12-2009, 03:53 PM

nah not the point (the $$ amount) really just a rant on my behalf about some of the irks of the system from which i can see.

reson being i applied for a health care card recently and was disapproved so am having to pay full price while a junkie nearby get to have a discount after collecting the cnetrelink paycheck.

katie · 14-12-2009, 03:54 PM

I don't get what you're trying to say, ceffo. (not having a go at you, cos I find this sort of topic interesting too)

You complained about not getting much back from the tax return, the whole point of a tax return is so that (on average) you don't get any money back, right?? because your tax is taken out of your wages anyway.

It's true that we have an increasing tax scale (ie. the more you earn, the higher your marginal rate of tax is), but ultimately you still take home more than someone who is on less pay than you...

TrentZor · 14-12-2009, 03:59 PM

sorry katie.. i was having i think a go at the system where u earn more u lose out on the benefits that u generally miss out on which in fact u paid for in taxes. (read p2 posts up)

katie · 14-12-2009, 04:01 PM

no need to apologise, as I said I wasn't having a go at you

just intrigued to know what your rant was... were you applying for medicare (post 1) or a health care card (post 5)?

TrentZor · 14-12-2009, 04:09 PM

healthcare card

yeah all good.. its fine i have had some of my RL mates have a go at me.. but meh.. had to get if off my chest.. was a bit peeved at the time

**The Hulk** · 14-12-2009, 06:07 PM

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.

14-12-2009, 03:26 PM	#1 (permalink)
TrentZor Active Member Join Date: Aug 2009 Location: PTC Sydney Gender: Posts: 3,636	... /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. __________________ WWW.PTCSydney.com.au Strength and Conditioning Gym Trent ASCA level 1 Coach - 0421 790 933 Last edited by TrentZor; 14-12-2009 at 03:37 PM.

14-12-2009, 03:35 PM	#2 (permalink)
brendon Elite Member Join Date: Oct 2009 Location: ACT Gender: Posts: 983	hehe... i will just agree completely with you! i wont start my rant.. i just try not to worry about it.. why dont you lease a car or something. i did that and now 9k of my taxes goes to the car per year. much better than it going elsewhere. not much but it helps. __________________ Current BW 98kg ,height 5ft 11 : Bench: 130kg x1, Squat: 200kg x1 Deadlift: 240kg x1 Clean: 125kg Overhead: 110kg All lifts 100% raw

14-12-2009, 03:39 PM	#3 (permalink)
TrentZor Active Member Join Date: Aug 2009 Location: PTC Sydney Gender: Posts: 3,636	brendan ... harsh thing was that was after i had a salary sacrifice on the merc /shrug __________________ WWW.PTCSydney.com.au Strength and Conditioning Gym Trent ASCA level 1 Coach - 0421 790 933

14-12-2009, 03:44 PM	#4 (permalink)
brendon Elite Member Join Date: Oct 2009 Location: ACT Gender: Posts: 983	hahahahah... wow.... well you sound like you are on the BIG dollars anyway so im sure 50k is not much to what you actually brought in and got. __________________ Current BW 98kg ,height 5ft 11 : Bench: 130kg x1, Squat: 200kg x1 Deadlift: 240kg x1 Clean: 125kg Overhead: 110kg All lifts 100% raw

14-12-2009, 03:53 PM	#5 (permalink)
TrentZor Active Member Join Date: Aug 2009 Location: PTC Sydney Gender: Posts: 3,636	nah not the point (the $$ amount) really just a rant on my behalf about some of the irks of the system from which i can see. reson being i applied for a health care card recently and was disapproved so am having to pay full price while a junkie nearby get to have a discount after collecting the cnetrelink paycheck. __________________ WWW.PTCSydney.com.au Strength and Conditioning Gym Trent ASCA level 1 Coach - 0421 790 933

14-12-2009, 03:54 PM	#6 (permalink)
katie Active Member Join Date: May 2009 Gender: Posts: 1,130	I don't get what you're trying to say, ceffo. (not having a go at you, cos I find this sort of topic interesting too) You complained about not getting much back from the tax return, the whole point of a tax return is so that (on average) you don't get any money back, right?? because your tax is taken out of your wages anyway. It's true that we have an increasing tax scale (ie. the more you earn, the higher your marginal rate of tax is), but ultimately you still take home more than someone who is on less pay than you... __________________ Rock climbing since 2005; running and resistance training since May 2009

14-12-2009, 03:59 PM	#7 (permalink)
TrentZor Active Member Join Date: Aug 2009 Location: PTC Sydney Gender: Posts: 3,636	sorry katie.. i was having i think a go at the system where u earn more u lose out on the benefits that u generally miss out on which in fact u paid for in taxes. (read p2 posts up) __________________ WWW.PTCSydney.com.au Strength and Conditioning Gym Trent ASCA level 1 Coach - 0421 790 933

14-12-2009, 04:01 PM	#8 (permalink)
katie Active Member Join Date: May 2009 Gender: Posts: 1,130	no need to apologise, as I said I wasn't having a go at you just intrigued to know what your rant was... were you applying for medicare (post 1) or a health care card (post 5)? __________________ Rock climbing since 2005; running and resistance training since May 2009

14-12-2009, 04:09 PM	#9 (permalink)
TrentZor Active Member Join Date: Aug 2009 Location: PTC Sydney Gender: Posts: 3,636	healthcare card yeah all good.. its fine i have had some of my RL mates have a go at me.. but meh.. had to get if off my chest.. was a bit peeved at the time __________________ WWW.PTCSydney.com.au Strength and Conditioning Gym Trent ASCA level 1 Coach - 0421 790 933

14-12-2009, 06:07 PM	#10 (permalink)
The Hulk Active Member Site Advertiser Join Date: Jun 2008 Location: Sydney Gender: Posts: 2,092	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.