shorten promises the best of labor to come

Discussion in 'Four Corners' started by B-dos, Jul 5, 2017.

  1. Surely

    Surely Moderator Staff Member

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    Yes
     
  2. Surely

    Surely Moderator Staff Member

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    I see bazz has run away
     
  3. B-dos

    B-dos Referee

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  4. Bandwagon

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    It;s basically the same thing, just done in a more subtle way, they are paying a higher price and finance is less available.

    I note though near 11% PA growth in capital cities is really still to high, though it would make sense to see if it started to bite a little harder with time.
     
  5. bazza

    bazza Coach

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  6. bazza

    bazza Coach

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    How much revenue does a real business have to make in order for a PAYE to claim the loss against their income tax?
     
  7. Surely

    Surely Moderator Staff Member

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    I believe it's around 50k bazz or it was when I was breeding horses.
     
  8. bazza

    bazza Coach

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    Thanks Surely
    I wonder why people tend to favour loss making investments in property and shares than in real businesses
     
  9. Surely

    Surely Moderator Staff Member

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    in real business you have to work in it so if you already have a job you will have to factor in the lost income from quitting

    shares and property , well people can still keep working.
     
  10. bazza

    bazza Coach

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    What do you think is better for the economy and society? People investing in real businesses or people investing in property and shares?
     
  11. Surely

    Surely Moderator Staff Member

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    I know what's better for the government , I know what's better for the employee, I know this is the last business I will ever do, I'll get a better return investing in shares.
     
  12. bazza

    bazza Coach

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    You also get to borrow for shares and deduct that against your PAYE income at a lower threshold
     
  13. Bandwagon

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    Off topic, but don't you enjoy it?

    I mean I do okay, but return isn't everything.There is a fair bit of shit involved, but I'd do the same again if given the choice.
     
  14. bazza

    bazza Coach

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    Do you run a loss making business as a side project or as your real job?
     
  15. Bandwagon

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    I run a business that provides me adequate cash flow to meet my needs Baz, Making money or losing money only changes the amount of tax I pay upon my cash flow.
     
  16. Jimbo

    Jimbo Immortal

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    Best to keep a lid on it bandy

    If you make too much money you might end up rich and all the lefties will hate you
     
  17. Bandwagon

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    By my reckoning I'll never be at risk of making too much money.
     
  18. B-dos

    B-dos Referee

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    they seem to favour both

    as surely said though, a taxpayer can also invest in property while investing their labour in property to grow their wealth further

    many businesses often hold product lines or offer services that overall may be loss making but they help the business as whole in terms of brand or to encourage customers to buy other produces / services. these taxpayers can and do offset these losses against the profit generating revenue streams

    i wonder why people want to treat individual taxpayers differently in this sense?

    and in saying all of that i would agree that changes could be made so that people attempting to start a business are entitled to some more favourable tax treatment to encourage more people to have a go
     
    Last edited: Jul 17, 2017
  19. bazza

    bazza Coach

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    Yes - the current system certainly does favour speculative investment over 'having a go' at building a proper, job creating business
     
  20. Surely

    Surely Moderator Staff Member

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    Adding another fixed cost to business should improve that situation.
     
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