Where that our money goes...

I drive a company ute. No GST was paid on the purchase of the ute, no GST is
paid on the fuel, no GST is paid on the servicing, no GST is paid on the
Insurance. Mostly used to drive to and from work. We claim annual
depreciation on it. Because it's a ute, no FBT either.

Theo

 

You think you can have kids and be financially better off?

Theo

 

All this on one of the driest continents .... I reckon we're just fine.
Screw the economy, it's nice to have space.

 

If you sell them off into slavery perhaps...

 

How mooch fer de leetle gurl?
By age six you'd need $100,000 to break even.

Theo

 

Fair enough, then thats pretty fucked.

 

We must have the same accountant



Daryl

 

Averaged a hundred grand a year *in tax* (not income) since you left
school...hmm, unless you're Lachlan Murdoch or James Packer that's
quite an achievement.

Let's see a quick back of the envelope calc, let's see, assume you'd
have started 35Kish at 21 after Uni (without doing the maths exactly
let's call it 10K of tax, its actually a bit less), and have to have
had income gon up every year roughly 60K,90K,150K,200K (@25yrs
old),300K,450K,600K (28yrs) and held that for the last 2 years (or
alternatively got to 300K sooner and flattened out sooner).

Do you really earn over a half mil ? If you do you can afford better
tax advice than you seem to be getting...

JL
(don't confuse a 50% marginal rate, with a 50% average rate of income
tax. If you earnt 2mil in the last decade you probably paid less than a
third of that in income tax, if you didn't you seriously need a decent
financial advisor)

 

No I was wrong with my rushed post. Not quite absurdly wrong, but wrong
nevertheless.

 

Rubbish. There is no economic basis for the population growth equals
economic growth argument. Compare and contrast 9/10ths of Africa vs
European countries such as Switzerland and Norway which have had mildly
negative pop'n growth for decades.

GDP per capita, and GDP per overall CAN both grow in the presence of a
declining population, OR both can grow in the presence of an expanding
pop'n. More commonly, GDP grows and GDP per capita stays the same in
the presence of pop'n growth.

Given the deteriorating global environment, and the vastly higher value
add created by intellectual capital Australia would be better off
putting in place a plan for importing as much intellectual capital as
possible, investing into intellectual capital in growth areas and
putting money into ensuring the products of our researchers are owned
by the CSIRO or similar rather than flogged off to the Yanks etc -
charge licence fees don't sell it off. Keep the scientists here and not
moving o/s to find work.

JL
(no chance of it happening, despite the fact it would make Australia
very rich, neither of the 2 major political parties can see past the
end of their noses)

 

Which empirically is not the case.

Low income earners spend every dollar they have and don't save much.
High income earners save more and don't spend proportionately to their
increase in wages above those on the breadline. It's a bell shaped
curve.

JL

 

Generally yes but it's not a linear relationship, and you need to look
at average earnings over a period otherwise your data is skewed by
one-offs like Home and Away actors and Pop Idol winners earning heaps
for a couple of years before lapsing back into obscurity.

Off the top of my head (go to the ABS the stats are there somewhere)
it's something like, those who earn between average earnings and up to
about double or triple will work an average 45 hours a week. Those who
earn average wage or a bit less will fall into two camps - part-timers
who will be working 10-20hrs and the working poor who will be working
45-60hrs in multiple poorly paid jobs. Those on more than 3 times
average earnings will work an average 55hrs and those on more than it
was either 5 or 7 times, average 65+

JL
(have always worked 50+hrs per week fwiw, then add study on top..)

 

Gross exaggeration Theo, on the basics it's a 100grand to 16, not 6,
and even with the occasional purchase of gameboys and expensive
sneakers to keep up with the Jones' it doesn't cost a 100grand in the
first 6 years.

On the other hand we now know how much to bid for your grand-daughter
hey ? <wink>

JL

 

$250 a week for childcare whilst mummy goes to work.

Theo

 

Does Clem know about this?

Johno


Beer

 

Now we know why you are willing to travel big distances to work, they
pay you extremely well



Daryl

 

What, are you a politician? Sure sound like one, very quick to defent them.
Instead of retorting with amusing(to you) one liners, why not
enlighten us as to why we have to pay career dole bludgers to continue
their lifestyle? I for one dislike paying people to be downtrodden and
feel victimised, even though a hell of a lot of them lead a better life
than I do.
And please tell me why minority groups should benefit at teh expense
of teh vast majority?
And politicians do deserve pay, but why do they continue to get paid,
and why do they get to keep their jobs, when some spend their entire
careers bullshitting and stuffing up in major ways?
Or maybe you are just one of teh many middle class people who have
always had a good life and have never seen the real world.
That sounds more plausible.

Regards, Andrew.

 

wrote:

Don't be deliberately obtuse now, John. you know that both those
mentioned above are too rich to need to pay tax.

Only poor people pay tax....the rich can afford not to. :-|

regards,
CrazyCam

 

wrote:

....and, even if they could, the cunts would still lie about what they saw.

regards,
CrazyCam

 

The Poms had a similar thing
and you got that pension even if you left the country or won the lottery
or whatever because it was money you paid in


Kev