Sorry if this is going a little off topic. Last post for me on this subject. Promise.
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Originally Posted by AndrewJ
Gday Marc
Not many families where the wife earns that sort of money pay full tax,
as they can afford to get around the edges via clever accountants.
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Hi Andrew, the ATO doesn't believe in clever accounting. Trust me on this. If you show $150k as income you pay or you get fined. Hefty fines + interests. Seen it all. To employ somebody at $150k gross + super + group tax you need to generate a lot of income which will be shaved by GST as well. So a lot of money is involved and going back into the system in various form.
Quote:
Originally Posted by AndrewJ
What would be nicer is if it was based on say an average declared "taxable income" over the preceding 2 years, vs current pre tax "salary".
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Yes, that would be one way to look at it too.
Quote:
Originally Posted by AndrewJ
That said, i still dont see why i should be paying to directly support the kids of people on that sort of income.
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Because they generate a lot of money in taxes in the first place so they do contribute for a significant part of their maternity leave.
Quote:
Originally Posted by AndrewJ
If the govt really wants to do something, make having kids cheaper.
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Kids will never be cheap. In the long run they cost you more and more.
