goverment bonus

[jdm rsk]

thanks kev for paying for my bembos, i love australia

Tax Bonus for Working Australians
The Government will provide $8.2 billion to eligible taxpayers as a Tax Bonus. The Bonus of up to $950 will be paid to Australian residents who paid tax for the 2007-08 financial year after taking into account available tax offsets and imputation credits. The Bonus will benefit 8.7 million taxpayers.

The Bonus is subject to an income threshold. Eligible taxpayers will receive a bonus of:

$950 if their taxable income is up to $80,000;
$650 if their taxable income exceeds $80,000 to $90,000; and
$300 if their taxable income exceeds $90,000 to $100,000.

The payments in respect of the 2007-08 tax return will begin from April 2009. Taxpayers will not need to apply. These payments will not be taxable or included as income for social security purposes.

[EJ25]

what if i dont have a taxable income? and im a full time uni student?

[jdm rsk]

what if i dont have a taxable income? and im a full time uni student?

dont know

[GTSPECB STI]

You have to be a taxpayer to get this payment

[drndrn]

I've been working for 3 years and I'm yet to lodge my very first tax return thingo.. I just never know what to do, when to do it and how. :S i really should do them from now on huh?

[swingn]

I wonder if the Mrs would mind if I took her's as well

Truth be told, I think my bonus will probably go towards stimulating the Japanese ecco

[sinist4]

i earnt 250 bucks last year does that count ?lol

[Cam911]

well this will come in handy for everyone now wont it,

whos gunna do what with it ?

[Boxer]

thanks kev for paying for my bembos, i love australia




The payments in respect of the 2007-08 tax return .

Oooh goody if that part is true - My novated leasing out of pre tax dollars just paid big dividends

[loweart]

Well, if I get a handout bonus, it will all be going directly back to government coffers to partially pay for my tax bill and provisional tax bill I have sitting here on my desk !!!!

[olliej]

Maybe I should have kids!

[Arith]

When I fill out my form to indicate where the government transfers the money, I'm simply gonna put Phat's bank account so the money is direct deposited there. Gonna order mods from him anyway with the money. This just makes things easier.

[BUDDAH]

Thanks kev I just added up what I'm getting after paying tax all my life it adds up to 33.33333% of sweet fuzk all

[swingn]

When I fill out my form to indicate where the government transfers the money, I'm simply gonna put Phat's bank account so the money is direct deposited there. Gonna order mods from him anyway with the money. This just makes things easier.

+1 to that Jim Boy!

[honkas]

that $$$ is nice but ain't really gonna do sweet F@#@ all for me...

just goes towards the increase rego, increased petrol, increased insurance and increased food prices!!

Bit of a sweetner before the big recession hits!! Hopefully we all still have jobs after the government spends all the money it has and is broke after!!