and the tax system we have in place doesn't already do this? people earning more already pay a higher % of tax, not just purely more $ based on the same % applied to higher income as lower income..
plus you add in the recent private health rebate changes last year which also have an impact on those earning more and it's a double whammy on those earning more..
and in all honesty (and i'm going to get flamed for this, but i don't care) an $80k salary really isn't that much if you are the sole income earner for a family...
you want to look at a way to save $$ and fix the economy through making housing more affordable?
target negative gearing on property...
and the tax system we have in place doesn't already do this? people earning more already pay a higher % of tax, not just purely more $ based on the same % applied to higher income as lower income..
plus you add in the recent private health rebate changes last year which also have an impact on those earning more and it's a double whammy on those earning more..
and in all honesty (and i'm going to get flamed for this, but i don't care) an $80k salary really isn't that much if you are the sole income earner for a family...
you want to look at a way to save $$ and fix the economy through making housing more affordable?
target negative gearing on property...
Politics, fun.
My politics:
Don't be a f**kwit, give us gay marriage.
Don't be a f**kwit, give me fast internet.
Don't be a f**kwit, don't charge me for medicine.
Don't be a f**kwit, don't be a f**kwit to immigrants/refugees.
I am a simple man.
Nailed it.
And lol @ people who think theirs a difference between Australia's two political parties
I only have one left and she'll be right
and in all honesty (and i'm going to get flamed for this, but i don't care) an $80k salary really isn't that much if you are the sole income earner for a family...
80k/year is plenty of money.
My bad, I've turned this thread into Four Corners.
And lol @ people who think theirs a difference between Australia's two political parties
Two sides of the same coin really.
I dislike Abbott as much as any normal person, but the thing is the debt tax itself isn't a bad idea.
While our debt levels are not bad (despite what people conned by Abbott think) our deficit is a problem. We need to get on top of that and our rich pay some of the lowest income taxes in the OECD.
The problem isn't the tax, the problem is how this makes Abbott the worlds biggest hypocrite. Every day for 3 years he bags Labor for the Carbon Tax. He talks about not taxing our way to prosperity, about no new taxes, about lowering taxes, and then months into his 1st term he goes back on the basic principles he drilled into us about what he supposedly stands for.
Don't waste money on planes that won't ever stop a serious invasion. Don't waste money on a luxury like expensive PPL when the basic one we have now is enough in our budget situation. Don't get rid of the carbon tax when it was an effective and economically responsible way of doing a critical job.
And most importantly, don't spend 3 years of your life demonising taxes when we're one of the least taxed countries in the OECD only to realise taxes aren't so bad when you're n power.
On a topic I don't know much about I just lean towards disagreeing with everything he says.Say what you will about Hoppity but he's close to the money on this.
My bad, I've turned this thread into Four Corners.
Its not.
Health insurance is $270 a month, cars are $140 a month (we both need them for travel to work), internet is $80, mobiles are $140, rent is $1800, fuel is about $250, food is probably $500 - $700, Eelctricity is $150 a month - that equates to $3500ish. $80k a year is about $4200 a month. So you've got $700 a month to 'play' with on things like clothes, additional unforseen expenses, entertainment and the like.
You got nothing to put in the bank as savings afterwards. Its shit. And we don't live an extravagent lifestyle either. We have no TV, we have small, older cars, we have no expensive hobbies etc...
With a kid, that $700 gets sucked out pretty quickly.
On a topic I don't know much about I just lean towards disagreeing with everything he says.
FUUUUUUUUUUUUUUUUU
Just saw on the news update, Abbott in the shit from his own party saying he has gone too far
cant see this bloke lasting too long, way too many changes way too quick
That's the crazy thing with money. Growing up my parents were bringing in 35k between them. Shit was tight, but it was good, we could live on it with some creative saving. 80k would have been a dream come true because we were used to so little. And i'm sure you'd be f**ked trying to live at 35k. And your family would think that those who get 200k a year are set, but then that family has as many bills draining their income as you do, and as we do.
Standards of living are vastly different at different money levels. I honestly believe financial empathy is near impossible.
FUUUUUUUUUUUUUUUUU
Just saw on the news update, Abbott in the shit from his own party saying he has gone too far
cant see this bloke lasting too long, way too many changes way too quick
There's some truth to this. The changes in cost of living are far different to yours and my parents day
The problem is the hypocrisy of him calling in a new tax to pay off the debt we've accrued while we go into debt purchasing fighter planes we don't actually need.
That's the issue. Not to mention the thousand other frustrating things he's done.
It's all from the Right side of the Libs, doubt it would pose much of a threat.
Our F-18's are coming up to 30 years old. They are in dire need of replacing.
my god yes.
the amount my parents paid for their first house was the amount i needed just for the deposit alone on my first house...
Our F-18's are coming up to 30 years old. They are in dire need of replacing.