emts Posted March 4, 2016 Share Posted March 4, 2016 brah i need some tax loop holes / massive deductions hit me with some good tips you accountants must rort somehow get work to pay cash in hand and hide under mattress? give it all away to a charity. I like the Martin needs a shed charity myself, I'm sure it will take some donations. Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7692707 Share on other sites More sharing options...
blah_blah Posted March 4, 2016 Share Posted March 4, 2016 but what about yours? My car's was fixed about 1/2 a year ago lol Prob just never see it as i never go to meets anymore brah i need some tax loop holes / massive deductions hit me with some good tips you accountants must rort somehow You talking about tax minimization or tax avoidance lol? Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7692730 Share on other sites More sharing options...
Rekin Posted March 4, 2016 Share Posted March 4, 2016 brah i need some tax loop holes / massive deductions hit me with some good tips you accountants must rort somehowI heard buying investment properties and utilising negative gearing helps. Have a look into this property buying thing. Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7692736 Share on other sites More sharing options...
HEKT1K Posted March 4, 2016 Share Posted March 4, 2016 Buy a Brett Whiteley "Donate" to museum Sell in 10 years ??? Profit Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7692738 Share on other sites More sharing options...
alr33x Posted March 5, 2016 Share Posted March 5, 2016 just need to avoid / minimize 6 figures + in tax is bs fk the poor #heartless #zerofksgiven Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693198 Share on other sites More sharing options...
Rekin Posted March 5, 2016 Share Posted March 5, 2016 just need to avoid / minimize 6 figures + in tax is bs fk the poor #heartless #zerofksgiven 100k in taxes is like 300k salary? Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693223 Share on other sites More sharing options...
alr33x Posted March 5, 2016 Share Posted March 5, 2016 cannot confirm nor deny point is government getting too much Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693266 Share on other sites More sharing options...
Birds Posted March 5, 2016 Share Posted March 5, 2016 I'm happy to pay income tax but capital gains is a fking rort. Taking money from what they did nothing to help me achieve, when I took 100% of the risk on shares...yet they wouldn't cover my losses if things went the other way. At least if someone has no income there is welfare. Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693267 Share on other sites More sharing options...
emts Posted March 5, 2016 Share Posted March 5, 2016 100k in taxes is like 300k salary? 270K plus.. Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693270 Share on other sites More sharing options...
Leroy Peterson Posted March 5, 2016 Share Posted March 5, 2016 When does tax bracket step up to 40%+? Single, no kids that is. Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693278 Share on other sites More sharing options...
joeyjoejoejuniorshabadoo Posted March 5, 2016 Share Posted March 5, 2016 When does tax bracket step up to 40%+? Single, no kids that is. $180k But don't forget it's incremental. It's circa $54k flat rate for the money up to $180k and then 47c/$ only for the taxable (after all deductions) income above $180k Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693284 Share on other sites More sharing options...
Leroy Peterson Posted March 5, 2016 Share Posted March 5, 2016 Ahhh yeah dat shit (I thought it was 180) Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693285 Share on other sites More sharing options...
joeyjoejoejuniorshabadoo Posted March 5, 2016 Share Posted March 5, 2016 I'm happy to pay income tax but capital gains is a fking rort. Taking money from what they did nothing to help me achieve, when I took 100% of the risk on shares...yet they wouldn't cover my losses if things went the other way. At least if someone has no income there is welfare. CGT is the equivalent of being shaken down for your lunch money 1 Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693286 Share on other sites More sharing options...
Birds Posted March 5, 2016 Share Posted March 5, 2016 CGT is the equivalent of being shaken down for your lunch moneyReally can't think of a better metaphor for itExcept maybe the yakuza taking their cut from a district of businesses to "protect your business" from getting f**ked up (by them), except that the government f**ks your shit up even after taking the money. So really, they are worse than an organised crime syndicate. Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693355 Share on other sites More sharing options...
Rekin Posted March 5, 2016 Share Posted March 5, 2016 cannot confirm nor deny point is government getting too much in that case I wouldn't worry about it until then. 1 Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693357 Share on other sites More sharing options...
Rekin Posted March 6, 2016 Share Posted March 6, 2016 I'm happy to pay income tax but capital gains is a fking rort. Taking money from what they did nothing to help me achieve, when I took 100% of the risk on shares...yet they wouldn't cover my losses if things went the other way. At least if someone has no income there is welfare.How is it any different to earning an income through work? They didn't help you achieve your KPI's and you took the risk by overselling yourself at the job interview. They wont cover all your losses if you lost your job either Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693359 Share on other sites More sharing options...
joeyjoejoejuniorshabadoo Posted March 6, 2016 Share Posted March 6, 2016 CGT is fair enough when the property is owned by a trust that has a few years of accrued losses Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693373 Share on other sites More sharing options...
Birds Posted March 6, 2016 Share Posted March 6, 2016 How is it any different to earning an income through work? They didn't help you achieve your KPI's and you took the risk by overselling yourself at the job interview. They wont cover all your losses if you lost your job either They'll give you $250 a week for it. The only thing you'll get from capital loss is savings on capital gains IF you ever make them again. Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693378 Share on other sites More sharing options...
joeyjoejoejuniorshabadoo Posted March 6, 2016 Share Posted March 6, 2016 Honestly, CGT is actually quite fair when a property has been negatively geared. Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693402 Share on other sites More sharing options...
Birds Posted March 6, 2016 Share Posted March 6, 2016 I can't gear my shares now can I Can I? Link to comment https://www.sau.com.au/forums/topic/458531-vic-wasteland-thread-150/page/327/#findComment-7693407 Share on other sites More sharing options...
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