But I'm afraid of that attachment thingo..
http://www.heraldsun.com.au/news/julia-gillard-to-announce-10b-in-cuts-and-a-flood-tax/story-e6frf7jo-1225995142030?referrer=email&source=HS_email_nl&emcmp=HS&emchn=Newsletter&emlist=MemberThanks for putting up that link smee.
Middle income-earners will pay 0.5 per cent of their taxable income for flood reconstruction while those on more than $100,000 will pay 1 per cent under a rebuilding levy announced today
“A person earning $100,000 per year will pay just under an extra $5 per week,” Ms Gillard said.
ummm I think Jooooooooolya may need to go back to school
$5 per week so that would be 52 x 5 = $260
1 % levy of $100,000 = $1000 for the year or $19.23 per week
I think what she should have said was those on $50,000 a year will pay just under $5 per week isnt it funny how slips of the tongue always work in that creatures favour ...she is a very very very nasty piece of work who lies at the drop of a hat (ok she is a polly and they all fib , but she is a low life manipulating scoundrel and this would have been a deliberate attempt at misleading the public) so taxing everyone this much is going to raise under $2b and yet Kev managed to blow $43b in 6 months on 2 useless gfc packages ...the plonker
make the insulation installation con men pay for the flood damage I reckon and Kev and Peter con-head Garrett who gave them all OUR cash
Check this one out smee - might make you feel better!Have the courage to call it what it is.
Flood tax: what you will pay
http://www.news.com.au/breaking-news/floodrelief/flood-tax-what-you-will-pay/story-fn7ik2te-1225995519603 (http://www.news.com.au/breaking-news/floodrelief/flood-tax-what-you-will-pay/story-fn7ik2te-1225995519603)
Elantra, the point is not the arithmetic per se, it is this statement:http://www.news.com.au/breaking-news/floodrelief/flood-tax-what-you-will-pay/story-fn7ik2te-1225995519603 (http://www.news.com.au/breaking-news/floodrelief/flood-tax-what-you-will-pay/story-fn7ik2te-1225995519603)
“A person earning $100,000 per year will pay just under an extra $5 per week,” Ms Gillard said.
That is an untruth.
It is also a typical 'slip of the tongue' that politicians can - and do - use to confuse the masses during a press interrogation to make things seem less onerous than they are. Afterwards, when the actual calculations take effect, it's old news and not so damaging to the politician's image.
This is the point Smee made, I thought.
(Gee people type faster than me!! - my comment relates to post #11)
having read the link to the schedule that Loco posted the figures quoted now make more sense
but it probably doesnt matter cos the chances of it getting through parliment are slim at best
having read the link to the schedule that Loco posted the figures quoted now make more senseAm I the loco? ;D ;D ;D
but it probably doesnt matter cos the chances of it getting through parliment are slim at best
no Loco is r3830 and if you read my post you will see that my maths were perfect2+2=4 but whats that got to do with anything here???
show me one mathematical error in these
$5 per week so that would be 52 x 5 = $260
1 % levy of $100,000 = $1000 for the year or $19.23 per week
both equations are mathematically perfect
I am appalled with what you say.
I am affronted at this notion of a levy. There are serious issues here. Don't be fooled into thinking this is HELPING THE VICTIMS of the floods... It's not. I quote: "This one-year, $1.8 billion levy would help the Government pay for the estimated $5.6 billion hit to the federal budget caused by the floods." In plain words, this is a levy to pay for things that are on an ongoing basis paid for by Australian taxes. If taxation money can't pay for this rebuilding, why not? Where is that money? It certainly hasn't been spent; we know there's a surplus - a substantial one.
I repeat: the levy isn't to help the victims. It's to help the government get out of a substantial portion of its responsibility to rebuild.
Message to Indonesia: Considering that you told us to 'nick-off' regarding our refugee resort on your fair lands.... can we have our $500 Million dollars back please? Our schools here are in desperate need of refurbishment - as are the homes of many of our people.
And Kev.... is that seat on the UN really of such great importance.... now think carefully on that question.... seat on the UN - or homes for your residents? How about you kick the tin with that $400 Million dollars you spent. Much more comfy chairs on Ebay - and at a shade of the cost. And with postage.... these good things come to YOU!
There you have it..... $900 Million may just help!
I am appalled with what you say.Fair enough, but is there really three "l"s in apalling?
Its very easy to say that but it means nothing unless you.
Show me the evidence.
going back to school to study the use of punctuation are we ?
I mean really to use a full stop after the word you , appallling .
tats 1 - tits 0
I am appalled with what you say.Fair enough, but is there really three "l"s in apalling?
Its very easy to say that but it means nothing unless you.
Show me the evidence.
going back to school to study the use of punctuation are we ?
I mean really to use a full stop after the word you , appallling .
tats 1 - tits 0
Off to School now.
I am appalled with what you say.
Its very easy to say that but it means nothing unless you.
Show me the evidence.
going back to school to study the use of punctuation are we ?
I mean really to use a full stop after the word you , appallling .
tats 1 - tits 0
Fair enough, but is there really three "l"s in apalling?
Off to School now.
do you mean are there 3 l's or is there 3 l's ...or is it acceptable to use either ?
but there should be 2 p's , so off you trot !
Elantra, what part of what I said caused you concern?
Brum - many thanks for your thoughts. A pity that your example isn't included in the terms and understandings of an insurance contract!
..........
Love your work.
Actually I have just read back of the last few posts and noticed that I was being vindictive, rude, obnoxious , silly , pigheaded and spiteful to another member
It's good to see that we can agree on certain issue's.
Love your work.
Middle income-earners will pay 0.5 per cent of their taxable income for flood reconstruction while those on more than $100,000 will pay 1 per cent under a rebuilding levy announced today
“A person earning $100,000 per year will pay just under an extra $5 per week,” Ms Gillard said.
THE Federal Government will impose a one-off flood levy of 0.5 per cent for middle-income earners, Prime Minister Julia Gillard says.
A levy of 0.5 per cent will be applied on taxable income between $50,001 and $100,000 and a levy of one per cent will be applied on taxable income above $100,000.
"Anyone earning under $50,000 will not pay the levy," Ms Gillard told the National Press Club on Thursday.
"In other words it is not like the Medicare levy, which for most taxpayers applies to all their income - it is like income tax rates which apply only above certain income levels."
Someone who earns an income of $60,000 will pay just under $1 extra per week under the levy, Ms Gillard said.
"A person earning $100,000 per year will pay just under an extra $5 per week," she said.
| Annual income | Levy (per year) according to Julia Gillard’s stated figures | Levy (per year) acc. to Ms Gillard’s stated percentages | Discrepancy % |
| $150,000 | $750 | $1500 | 200% |
| $110,000 | $350 | $1100 | 314% |
| $60,000 | $50 | $300 | 600% |
For A Reason NOT To Cross Running Water.
http://www.youtube.com/watch?v=vgF4MHWYgjY
I think you will find the percentages are marginal rates - just like income tax works.
$0 - $50,000 = 0%
$50,001 - $100,000 = 0.5%
$100,001 + = 1%
So someone on $110,000 will pay
$50,000 x 0.0% +
$50,000 x 0.5% +
$10,000 x 1.0%
Elantra, what part of what I said caused you concern?Governments have always provided reconstruction funds, except that in this case the magnitude is so great there needs to be a levy to cover it.
I would encourage you to check the available information about what this levy will be paying for. I quote: "Q How much money will be collected and what will it be spent on? / A About $1.8 billion. It will go towards rebuilding flood damaged infrastructure such as roads and bridges, mostly in Queensland but also in Victoria." As you can see, this clearly indicates that it's the rebuilding of infrastructure that is being paid for by this levy, not the homes or businesses of flood victims.
Source: http://www.heraldsun.com.au/ipad/flood-levy-what-you-need-to-know/story-fn6bfkm6-1225995796509