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  1. #191
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    Quote Originally Posted by ExcuseMyFrench View Post
    And... Debt tax is in!
    So if you earn over 180k you'll be paying an extra tax of 2% on your taxable income.
    I heard it didn't pass the senate? That was at 3pm though so could've changed.

  2. #192
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    Quote Originally Posted by ExcuseMyFrench View Post
    And... Debt tax is in!
    So if you earn over 180k you'll be paying an extra tax of 2% on your taxable income.
    I only disagree with this because it's temporary. I would support it if it's permanent.

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    Quote Originally Posted by BigRedV View Post
    I heard it didn't pass the senate? That was at 3pm though so could've changed.
    It passed through the senate

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    @BigRedV it has.
    ans yes i agree the tax income rates should be reviewed (increased).

    http://mobile.news.com.au/national/d...-1226957443209

  5. #195
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    So will the people on higher incomes get a pay rise of, say, 2% per year now?

    Hmm, waiting in anticipation if anything is not passed by the senate!

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  7. #196
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    Quote Originally Posted by Ellewood View Post
    So will the people on higher incomes get a pay rise of, say, 2% per year now?

    Hmm, waiting in anticipation if anything is not passed by the senate!
    Not sure, but I imagine many people over 180k will start salary sacrificing or reducing their income in other ways

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    Izy  (19-06-2014)

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    I don't think we can blame the high income earners for reducing their tax bill in a way that is entirely legal??! They're not all evil, soulless money grabbing devils. The vast majority are more than happy to pay the taxes they do. Doesn't mean they shouldn't use whatever avenues are available to ensure the best financial outcome for themselves. That's just good sense.

    And no I am not talking about major tax avoiders and people who move money offshore etc! Just regular peeps who happen to earn good money.

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    Blessedwith3boys  (17-06-2014),JR03  (17-06-2014),LoveLivesHere  (17-06-2014),VicPark  (19-06-2014)

  11. #198
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    Quote Originally Posted by kw123 View Post
    I don't think we can blame the high income earners for reducing their tax bill in a way that is entirely legal??! They're not all evil, soulless money grabbing devils. The vast majority are more than happy to pay the taxes they do. Doesn't mean they shouldn't use whatever avenues are available to ensure the best financial outcome for themselves. That's just good sense.

    And no I am not talking about major tax avoiders and people who move money offshore etc! Just regular peeps who happen to earn good money.
    Not blaming anyone??? Not sure why you would say that.

    I salary sacrifice myself.

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    Ellewood  (17-06-2014)

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    Quote Originally Posted by BigRedV View Post
    Not blaming anyone??? Not sure why you would say that.

    I salary sacrifice myself.
    Sorry, I interpreted it as though you thought it was a bad thing.

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    Gosh no, no-one said anything of the sort. Nothing at all like that kw


 

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