benzo Posted February 20, 2009 Report Share Posted February 20, 2009 Haha nah mate I knew what you meant Cheers, Ben. Quote Link to comment Share on other sites More sharing options...
andro0o Posted February 22, 2009 Report Share Posted February 22, 2009 what do you have to do to get this bonus? do you need to go apply for it or will it appear in ym account if I'm illigable? Quote Link to comment Share on other sites More sharing options...
teza40 Posted February 22, 2009 Report Share Posted February 22, 2009 Thank you MR Rudd.. You will be supplying me with the means to get my 6 volt generator rebuilt (takes care of around $500) and get my 71 year old vintage car back on the road for some enjoyment in these miserable and bad economic times... can't wait to be cruising inthe 38 dodge again whoooo hooo. Cheers Teza Quote Link to comment Share on other sites More sharing options...
JiP Posted February 22, 2009 Report Share Posted February 22, 2009 You need to have done a tax return in the past year to qualify. If you earned less than $80k you'll get something. If you earned less than $50k you'll get $900. Quote Link to comment Share on other sites More sharing options...
67Rolla-Ken Posted February 22, 2009 Report Share Posted February 22, 2009 So... the more tax you pay the less you get?? Well that sounds fair :) If your going to give it to everyone, give it to everyone! Quote Link to comment Share on other sites More sharing options...
parrot Posted February 22, 2009 Report Share Posted February 22, 2009 Spent mine last night. Yahoo Japan! Now that will really stimulate the economy.....of Japan. Quote Link to comment Share on other sites More sharing options...
JiP Posted February 22, 2009 Report Share Posted February 22, 2009 In a way it is fair. Yes the more you earn the more tax you pay, but you still take home more that others that earn below the average but don't qualify for assistance. Quote Link to comment Share on other sites More sharing options...
philbey Posted February 23, 2009 Report Share Posted February 23, 2009 Verbatim from the ATO: How much will be paid? $900 bonus will be paid if you have a taxable income up to and including $80,000 $600 bonus will be paid if you have a taxable income exceeding $80,000 but not exceeding $90,000 $250 bonus will be paid if you have a taxable income exceeding $90,000 but not exceeding $100,000 AND (eligible if) -you have lodged or will lodge your 2007-08 income tax return before 30 June 2009 or if you have been granted a deferred date by the Tax Office before Wednesday 18 February 2009 and you lodge your return by the deferred date Now this will piss all you moralists off - I got a shock (albeit a pleasant one) when I just read the details to discover I am eligible for a payout as it's based on FY08 income. But the tax I pay this FY09 will be close to my gross from last year? I earn decent money, but I don't spend much of it on the commercial market: I buy shit for my cars and I'll probably use this bonus to pickup bits for my bike or future rod project, but 90% of the money I spend is on the "black" market stuff; ie shit that doesn't stimulate the economy like Ebay, swapmeets, second hand items that have no influence on GDP, Employment or even going bax into the federal coffers. (Oh, there is the odd item from Motor Traders norwood) If it doesn't go there, It'll probably go into my bank to earn me some more money, or I might buy some more shares. So basically - I currently earn good money, have no dependents, I rarely buy retail and I'll most likely just stash it in a manner that makes me richer in the long term without bolstering the economy. I am a case example of government handouts getting thrown about inappropriatel Quote Link to comment Share on other sites More sharing options...
JiP Posted February 23, 2009 Report Share Posted February 23, 2009 I'm keen to know if anyone here will be the ones that chuck it on the sluts, red or black. Quote Link to comment Share on other sites More sharing options...
coln72 Posted February 23, 2009 Report Share Posted February 23, 2009 I'd like to know if it is combined income or based on individual earnings???? If it is combined then we are stuffed : ( Quote Link to comment Share on other sites More sharing options...
Redwarf Posted February 23, 2009 Report Share Posted February 23, 2009 Individual. I had some great write offs this year, otherwise I wouldn't make it. :) Quote Link to comment Share on other sites More sharing options...
coln72 Posted February 23, 2009 Report Share Posted February 23, 2009 lucky bastard Red :) Quote Link to comment Share on other sites More sharing options...
godlovesugly Posted February 23, 2009 Report Share Posted February 23, 2009 i assume its individual because not many couples would earn below 80k Quote Link to comment Share on other sites More sharing options...
JiP Posted February 23, 2009 Report Share Posted February 23, 2009 Yeah its indiv. Man it would be handy to have a partner right now :) Quote Link to comment Share on other sites More sharing options...
KE30_KE35_KE55 Posted February 23, 2009 Report Share Posted February 23, 2009 Thank you MR Rudd..You will be supplying me with the means to get my 6 volt generator rebuilt (takes care of around $500) and get my 71 year old vintage car back on the road for some enjoyment in these miserable and bad economic times... can't wait to be cruising inthe 38 dodge again whoooo hooo. Cheers Teza $500 to rebuild a generator thats crazy. I repair them all the time, about 4 hours work. if parts are needed another s/h unit can be found for under $50. PM me if you need some help with it. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.