Tax-free threshold - for individuals
What is the tax-free threshold?
The tax-free threshold is the amount of money an Australian resident can earn before they pay income tax.
What are the changes to the tax-free threshold?
From 1 July 2012, under the government's Household Assistance Package, the tax-free threshold increased from $6,000 to $18,200.
This means if you earn less than $18,200 in a financial year, you do not need to pay income tax. If you earn more than $18,200 in a financial year, you will only pay income tax on your earnings over $18,200.
http://www.ato.gov.au/individuals/content.aspx?doc=/content/00322113.htm
Household assistance package lol
But wait, what's that the rate from 18200 to 37000 has gone from 15c to 19c and from 37000 to 80000 from 30c to 32.5c, and that's your carbon tax compensation.
They giveth with one hand and take with the other.
Third mum they gave me 150 tax cut and added 200 to my power bill
Labor leads the way with donations.
Yep thats right, they nearly doubled the amount received in donations with $11 million.
Biggest donators are
1. Unions
2. Energy companies.
Liberals at $6 million with The freee enterprise foundation throwing $500k the good guys way.
pharken low life dumb union cuties should be not allowed near running this country.
Labor leads the way with donations.
Yep thats right, they nearly doubled the amount received in donations with $11 million.
Biggest donators are
1. Unions
2. Energy companies.
Liberals at $6 million with The freee enterprise foundation throwing $500k the good guys way.
pharken low life dumb union cuties should be not allowed near running this country.
haha Quigs in retirement & living near mining areas, so he wasnt affected by the GFC so he wasnt affected.
If that is not a truely communist way of looking at things then nothing is. The 200,000 under employed tradies who lost their homes & savings, might just aregue a little bit.
Quigs, will labor win more than 20 seats? Geez it is looking pharking dismal. Sounds like even your lunatic fringe brigade wont even have a party to vote for in 4 year.
Speaking of, I just got nbn satellite at the farm, it's f**king slow as, my optus 3g was much quicker.
Ive just been on the blower to my cuzzie Mike, he told me you need to check out the new today even, media release
here are some tweets about it on that new fangle social media networking thingy.
“@NBNCo: We just unveiled plans to bring even faster internet to regional/remote Australia by more than doubling the wholesale broadband speeds #NBN”
“@latikambourke: Communications Minister Stephen Conroy ‘today’s announcement is a quantum leap in ending the digital divide.’ #NBN”
For more see media release
“@latikambourke: Mike Quigley, CEO of NBNco, $3 increase in wholesale price as a result of boosted speeds. #NBN”
Now I am looking for that media link but you should be able to find it too.
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But as Comrade Honourable Reefy Son would say it's all your own fault for living on a farm and really you only need it on the farm to download porn.
He would also say that what gives you the right to expect as fast as Broadband as him and Mr NAB the bank manager that lives next door.
Youse just a hick farm owner ........ wake up to yourself.
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Anyhow Mikes on the job, great bloke is that Mike Quigley.