Next Federal Election
Purple Haired Punk Chick brutally kicked to the curb...
Barnaby : "We vow to curb pissweak Albo's Curb Crisis!"
https://www.9news.com.au/national/new-liberal-party-leader-sussan-ley-ma...
Jacinta responds : "Lots of Aussies want her as PM!"
https://nit.com.au/13-05-2025/17924/jacinta-price-says-lots-of-australia...
Last Night > Sky Starts caving in : "Shaky Start > Moderate Seat Warmer > Nuke the Bitch!"
https://www.facebook.com/SkyNewsAustralia/videos/new-liberal-party-off-t...
TV (This Morning)
Carl "How long ya Give her...."
[L] VP Bitch : "Tic' I Dunno! (Shakes Head Pissing herself Laughing)
"I mean a Day's a long time in Politics, Carl so..."
Carl : "That's not exactly a ringing endorsement + Carl's Wing Chick (Under her breath) Yeah F.U. Bitch!"
[L] Bitch : Yeah, well you know! It could be a Day... (Howard eyebrow wink...everyone ducks for cover!)
"It won't be a Day, I was being a bit Cheeky, but I mean, Look ya Dunno wot the Political Tides will bring!"
Go sic' em Huey! Evil [L] Bitch commands Tsunami of the Day...
And that was it, my little Hitler Youth Camperz > "The last comment from swellnet...so pathetic Huh!"
https://www.facebook.com/9NewsGoldCoast/videos/liberal-leadership-questi...
https://www.dailymail.co.uk/news/article-14709243/Sussan-Ley-Michell-Rya...
The Apology sets a Second Wave in motion...
New Liberal Leadership Questioned...
[7:50] We got a New Leader and Deputy Leader Ted and S and S and S SuSSan Ley! (Luv her to bits!)
https://www.skynews.com.au/australia-news/politics/liberal-party-vice-pr...
Afternoon > Turbulent waters rising fast...washing the Curbed Purple Punk further down the Drain!
https://www.facebook.com/SkyNewsAustralia/videos/turbulent-waters-specul...
Tide is rising faster > higher but only around turncoat [L] Purple Punk
Speculation about sewer rat Sussan Ley abandoning her Honeymoon Plans
Yesterdays [L] Hero (Exclusive)
Reveals [L] leader had grand plans of being knifed in the back & thrown under a Smoldering Smoko Van
https://www.facebook.com/SkyNewsAustralia/videos/liberal-vice-president-...
I agree that they should tax people properly when they are working or in business..…..but when they are retired……leave them alone….they've done their bit ……thats all I’m on about.
Optimist wrote:I agree that they should tax people properly when they are working or in business..…..but when they are retired……leave them alone….they've done their bit ……thats all I’m on about.
Yeah I understand what you’re saying but when you salary sacrifice into your super fund, don’t you only pay 15% tax ? I would like to see a complete overhaul of the tax system . A flat 10% no matter how much or how little you earn. For those that set up companies to lose money so it can be written off and they end up paying virtually no tax , I say tough titties , 10% tax on the gross earnings of any company and no tax returns for anyone or any company. Simplifying the tax system instead of the complicated mess that has the average joe paying more than his share while loopholes allow others to laugh and get even richer because of the system .
Agreed, it’s needs updating and a flat tax for all.
Under Keating, Jim chalmers hero, I was working 60 hours a week for $6000 a month and taking home $2800…… Keating wasn’t even putting in a return and got busted for it too…..
Optimist wrote:I agree that they should tax people properly when they are working or in business..…..but when they are retired……leave them alone….they've done their bit ……thats all I’m on about.
Opti,
The 1996 Wallis Inquiry recommended SMSF’s be established to provide the self employed and business owners with a retirement income. This was a result of the decision to discontinue Defined Benefit Superannuation Schemes.
The introduction of SMSF’s allowed members to incorporate their business into the fund and further amendments under Howard in 2007 basically made it open slather for anyone to run a SMSF. Investment property could also be included as well as farms.
I will never understand why a business, or a farm could not be operated under a conventional corporate structure, but one of the benefits of including these in a SMSF was, instead of paying corporate taxes on profits, you could now pay only 15%, and that was while in accumulation mode.
Capital Gains Tax was still payable but only on disposal of the asset and it is discounted by 33%. But why pay CGT at all when all you needed to do was to switch the fund into Pension mode, where no tax whatsoever is payable on either income or capital gains.
That’s just a brief explanation of how it works.
Running a SMSF can be complicated and time consuming exercise but under Howard and Costello it has become a government sanctioned Tax Avoidance structure, so the benefits far outweigh the disadvantages. Given the members of SMSF’s are reasonably wealthy, you have extremely high income earners who pay no tax whatsoever while a worker in the local factory can be paying up to 37c in the dollar.
Taxing unrealised capital gains while in accumulation mode is one way the recoup taxes.
Also please note that anyone holding investment property outside of a SMSF will ultimately be hit with CGT.
Providing an estimated 80,000 high income multi-millionaires with a tax free business structure disguised as a SMSF is grossly unfair, particularly as it inflicts a higher tax burden on the PAYG taxpayer.
Optimist wrote:Comrade frowny still blaming John Howard for everything….that was 30 years ago you realise….. been a few Govts since then.
And why tax retirement savings and inheritances at all..???
At what point in your life do the govt get their hands out of your pockets…???
They could do some extra ordinary things like budget wisely……
Or stop the scammers in the NDIS…..etc etc…
But it’s not their money is it…..and a billion here and a billion there just rolls off the tongue so easily.
So I take it you don’t have a problem in all that Howard era middle/upper class welfare being repealed by the current government?
I’m fairly confident that you would call this shitting in your own nest, what do you think @info?
I agree with Supa, a complete overhaul of our taxation system is required.
Ross Garnaut, recently pointed out had Abbott not repealed Gillards MRRT, the Australian taxpayer would be $80 billion better off.
The "Trickle Down Economics" espoused by the right, sadly does not trickle down to the lower sections of society.
If it's not obvious by now, everything Howard and Costello touched was to benefit the well off, higher income earners, and the little guy could go and get stuffed.
indo-dreaming , you wrote, “good to see another conservative here”
A lot of people think, in these internationally tumultuous times, voters moved towards Albanese because he was the conservative option. The steady hand on the tiller. Maybe current Labor is the conservative option.
wally wrote:indo-dreaming , you wrote, “good to see another conservative here”
A lot of people think, in these internationally tumultuous times, voters moved towards Albanese because he was the conservative option. The steady hand on the tiller. Maybe current Labor is the conservative option.
In a funny way that is actually true.
Very true, as Nikki Savva said in her criticism, Abbott had delegated his prime ministership to Credlin
Might as well put this up in the politics subforum, to spare the front page. It's 18 months away or so, but here we go.
This is how Dutton wins:
https://www.afr.com/politics/enter-the-liberal-party-working-class-heroe...