Do we really tax the strong?? I heard that Kerry Packer never had a taxable income of more than 100k and didn't even pay income tax on that. That's probably an overstatement but lets not pretend the filthy rich pay their fair share. They use their influence to change the laws in their favour and their fancy barristers to circumvent those they can't change. Meanwhile the average Joe on PAYG never even sees the money.
Don't get me wrong, I'm happy to pay my share of tax. What riles me is (1) rich bludgers, and (2) the misuse of the money I pay, generally by the same rich bludgers.
Last edited by AstralTraveller; 14-12-2008 at 06:59 PM.
I have made it hard for myself as now I will spend half the day purusing offers of a life in Hollywood...but what can you do...
Unfortunately there are those who dont really pay the tax that they reasonably should...and little is done to fix this problem in our economy/society...in the upper levels it is considered "trick".."smart" and almost a duty to avoid tax.... avoid is ok..evade is not on...but what is the difference..evade...thats a deniel..avoid you get a smart accountant...
Years ago I with some other smarties set up what was called a "Curran scheme"...it was neat..a trip to Norfolk Island to see a mate who was doing these jobs..but it meant that by buying a company with accumulated profits and a little duck shoving we ended up with a loss equal to the accumulated profits...what do I know???? that is a maths thing....anyways we had $2,000,000-00 at the end of the day loss...and so could off set that loss against our profits over the next seven years....
Good so far... but the Governemnt legislated retreospectively to kill the scheme and all others because the mate was doing $200,000,000-00 set ups every second day... now why can they not apply the same vigour these days to the folk who do worse?????
At least out scheme kept the money near Australia but you would not believe the crap that goes on these days.
