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Luxury Car Tax...thoughts ?

n/aTurbo

By n/aTurbo,
in General Automotive Discussion

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n/aTurbo Community Regular

n/aTurbo

Posted
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I think it's perfectly alright. If you can afford to buy a 60k+ car an 8% rise in lct isn't going to worry you too much.

still thats 8% i rather have in my wallet than in that bastard rudd's hands

Bliksem Veteran

Bliksem

Posted
Posted (edited)

FWIW LCT was meant to be scrapped when the Liberal's introducted the 10% GST which was supposed to cover EVERYTHING... but as usual the media jumped onto it and complained about women not being able to afford tampons etc and it started to become complicated with its removal on some things, and the introduction to others. In the end the only way for GST to be passed through the senate was for the Liberals to agree to the Democrats demand to introduce a 25% luxury car Tax.

This rise will only end up hurting successful small business owners making $100,000-$200,000 a year. They are the largest segment of the luxury car buyer's market. These people put their necks on the line, taking on debt to their eyeballs and walking on the financial tightrope every day trying to keep their business cashflow healthy, trying to find the cash to pay another weeks' wages, stock costs, etc.

And when that risk pays off, when their business has grown and they're paying large sums of tax on business profits, employing Australian workers and delivering a valuable product to consumers, this government decides to slug them with extra tax when they go try to reward themselves. In short, the Government is punishing people for building a successful business.

So where's the incentive now to work hard, to innovate, to take on debt, to employ people? Why take on risk, if you only end up getting slugged with consumer taxes in addition to ordinary business taxes?

I think it's perfectly alright. If you can afford to buy a 60k+ car an 8% rise in lct isn't going to worry you too much.

While we are at it lets tax cigarettes another 8%.

Fresh bread should also be taxed 8%.

Why not another 8% tax on Gravy.

And another 8% tax on Hair cream!

After all... its just another tax.

Old Chinese proverb: you cannot help the poor by hurting the rich.

Edited by MintR33
scathing Grand Master

scathing

Posted
Posted
I think it's perfectly alright. If you can afford to buy a 60k+ car an 8% rise in lct isn't going to worry you too much.

Spoken like someone who's never bought a $60K car.

I managed to talk my car down to just under the LCT threshold when I bought it. If I had to pay the LCT, I wouldn't have been able to afford it.

There's a good chance if that happened then I'd be driving a *shudder* RX-8. Think about how terrible that would be.

BAMR33 Mentor

BAMR33

Posted
Posted
FWIW LCT was meant to be scrapped when the Liberal's introducted the 10% GST which was supposed to cover EVERYTHING... but as usual the media jumped onto it and complained about women not being able to afford tampons etc and it started to become complicated with its removal on some things, and the introduction to others. In the end the only way for GST to be passed through the senate was for the Liberals to agree to the Democrats demand to introduce a 25% luxury car Tax.

This rise will only end up hurting successful small business owners making $100,000-$200,000 a year. They are the largest segment of the luxury car buyer's market. These people put their necks on the line, taking on debt to their eyeballs and walking on the financial tightrope every day trying to keep their business cashflow healthy, trying to find the cash to pay another weeks' wages, stock costs, etc.

And when that risk pays off, when their business has grown and they're paying large sums of tax on business profits, employing Australian workers and delivering a valuable product to consumers, this government decides to slug them with extra tax when they go try to reward themselves. In short, the Government is punishing people for building a successful business.

So where's the incentive now to work hard, to innovate, to take on debt, to employ people? Why take on risk, if you only end up getting slugged with consumer taxes in addition to ordinary business taxes?

While we are at it lets tax cigarettes another 8%.

Fresh bread should also be taxed 8%.

Why not another 8% tax on Gravy.

And another 8% tax on Hair cream!

After all... its just another tax.

Old Chinese proverb: you cannot help the poor by hurting the rich.

I would be prefer they increase luxury car tax than something that might actually affect me like registration costs.

You can't really trust the proverb of country that culls off human life.

scathing Grand Master

scathing

Posted
Posted (edited)
I would be prefer they increase luxury car tax than something that might actually affect me like registration costs.

So your acceptance of luxury car tax isn't out of principle, its out of selfishness.

You can't really trust the proverb of country that culls off human life.

The principles of overtaxing the richer to bring them down to an "equal" level as the poorer is one of the central tenets of Communism. So you don't trust their proverbs, but you do like their government policy? Hang on, "culling off human life" is also government policy.

Its not like you're the one getting culled, so since it doesn't "affect you" why do you even care? You've made it quite clear that your principles end outside of your personal bubble.

Edited by scathing
Sydneykid Grand Master

Sydneykid

Posted
Posted

The problem I have is WHY CARS? Where's the luxury boat tax, or the luxury horse tax, or the luxury house tax and for the girls the luxury handbag tax or the luxury shoe tax? Us drivers MUST be the most heavily taxed people in the country, fuel excise, speed camera tax, rego, GST, red light camera tax, parking meter tax, fringe benefits tax.........once you own a car, some government department always has their hands in your wallet. Personally I am totally sick of being discriminated against just because I drive a car.

No Cheers for this subject

Gary

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