The Forum > General Discussion > The case of Duncan Storrar.
The case of Duncan Storrar.
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Posted by Luciferase, Thursday, 19 May 2016 2:38:16 AM
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Given their reaction to white Anglo Duncan Storrar, imagine the rabid rights hysteria if Duncan had actually been the Arab, Hous Bin Pharteen, and had finished his question with "Praise be to ALLAH!" Forget the tar and feathering, it would be straight to the gallows! Do not pass go, do not collect a tax cut!
Posted by Paul1405, Thursday, 19 May 2016 5:44:03 AM
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Duncan Storrar is representative of the new left. He is crooked, violent, Lazy, and prefers to live of the earnings of others.
Poirot, Middle class does not mean median wages. Middle class generally refers to professionals such as lawyers, doctors, engineers, accountants, business owners, etc. These are the class of people that get almost nothing from the government and pay most of the countries tax. And in the last 8 years have had no tax relief, increased taxes on health and super, and now having got $300 p.a. back (less than CPI) are met with a bunch of greedy whingers who have had massive tax relief and welfare increases complaining. Posted by Shadow Minister, Thursday, 19 May 2016 6:02:55 AM
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No, only the little people pay tax. In the most recent documents released by the Australian Tax Office, there were 55 people who had a reportable annual income of more than $1 million, but who managed to reduce their taxable income to zero.
In total the untaxed 55 had incomes totalling more than $129 million, at an average of $2.35 million. But that was before they – or, more correctly, their tax planners – went to work on reducing their liabilities. After various deductions, they reported a combined loss of $12.866 million. There is a multitude of dubious deductions given to the rich which allows them to reduce their tax liability to zero. Maybe Duncan is one of them. This is hardly surprising considering Australia has always had governments of the wealthy elite; or governments that have favored the wealthy elite to a large extent. Taxation simply reflects that fact. Posted by Paul1405, Thursday, 19 May 2016 7:52:01 AM
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SM,
"Middle class does not mean median wages. Middle class generally refers to professionals such as lawyers, doctors, engineers, accountants, business owners, etc." We know there's different stratas to "middle-class" - there always has been. If we're going to split hairs, then doctors, lawyers engineers and (some) accountants and (some) business owners would be classified as "upper" middle-class. "The average wage is $60,000. Most Australians don't get close to $80,000 and only around one quarter of them earn more than it. Put another way, the overwhelming majority of Australians, including those on average wages, won't be getting his reported tax cuts. There's a logic to cutting tax for the highest-earning 25 per cent of Australians and not for the other 75 per cent. It's that $80,000 is where the second highest tax rate comes in. Morrison says over the next two years 300,000 Australians are going to move from just below $80,000 to just above it. While it won't make much difference to their total tax bill, because it will more highly tax only the few dollars they earn over $80,000, it will make them feel as if they are more highly taxed. And $80,000 is roughly the average wage for someone working full-time. By misrepresenting a full-time figure as an average figure he spawned a myth: "that next year the average wage earner will be taxed up to 37 cents in the dollar on what they earn"." "The upside, for him, is that the problem doesn't cost that much to fix; because it's nothing like the problem suggested. Relatively few people are at risk of earning more than $80,000 and relatively little of their income is above $80,000." http://www.smh.com.au/business/federal-budget/federal-budget-2016-tax-cuts-80000-is-anything-but-average-20160501-goj9w7.html#ixzz49362LFy Posted by Poirot, Thursday, 19 May 2016 8:31:11 AM
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Dearest Foxy,
I fully agree with you that Duncan should get the same sort of tax cut - call it x % - on his income as anybody else. Since he has paid no tax, then I'm sure you would agree that he is fully entitled to x % of $ 0. Hi Paul, You suggest that " .... No, only the little people pay tax." So .... Duncan is not in the category of 'little people' ? I suppose sixty grand in one week would put him up there with the 'big' people, but I think that's a bit unfair, if you spread that sixty grand over a financial year. I wonder how much tax Duncan will actually have to pay now on his full annual income. Not to worry, it won't be quite so much now that he can apply for a tax cut. Cheers, Joe P.S. Thanks Duncan, for the gift that keeps on giving :) Posted by Loudmouth, Thursday, 19 May 2016 8:45:27 AM
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http://www.budget.gov.au/2015-16/content/overview/html/overview-30.htm