Hockey Guff exposed for what it is-well Guff really and it now appears we will have Guff on our next tax assessment notice. Just finishing my bowl of porridge, with GUFF of course, as I read this article in the newspaper. With apologies to Monty Python just replace the word Spam with the word GUFF to get the government message. SEE https://youtube/watch?v=g8huXkSaL7o&feature=kp Quote: So where did the Treasurer get his figure? His office says he calculated the welfare bill at $6000 a head, calculated average monthly income at about $4800 to $6500 per person and drew his conclusions from that. This would be correct if the average tax rate was 100 per cent, but its closer to 20 per cent, meaning the average individual taxpayer would need to work for much longer than one month to pay the welfare bill. Except the average worker doesnt need to work that much longer because workers arent the governments only source of revenue. Two mistaken assumptions have partly cancelled each other out. Expect more of this. Accompanying this years tax returns will be a concise one-page personalised and itemised receipt. It will show in dollar terms, how much of a persons tax bill was spent on each budget area. This has the potential to be misleading. Debt will be displayed as a total, rather than an amount per person, and it will be displayed as gross debt rather than net debt. Net debt per person is about $9800; per taxpayer its about $17,200. Read more: smh.au/federal-politics/political-opinion/hockeys-welfare-claim-confused-and-ultimately-flawed-20140619-3ah2y.html#ixzz357mA6c1O SEE https://youtube/watch?v=g8huXkSaL7o&feature=kp
Posted on: Thu, 19 Jun 2014 21:55:09 +0000
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