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dyslexik

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Everything posted by dyslexik

  1. @dutchie101 - Simply put it, your approach was of an aggressive nature and that's how "sh*t fights" begin and respect for each other ends. If you want to express your opinions by all means open up and do so on a neutral basis. Well anyways, no dramas yeh? ;) /shake hands In regards to Work Choices, it had made it that much easier for employers to pretty much force someone to accept the new terms of their work contract if they wanted to keep their jobs. Legally, it gave employers the power to bully employees and get away with it. Work choices destroyed the bargaining power of employees in regards to their worth as a human asset to their respected organizations/companies/employers. Like i said before, if work choices wasn't such a big issue, then the Howard government would still be in power to this day. I voted for a party who would hopefully have enough power in the upper house to scrutinize Bills that is brought up for approval - basically has the last say.
  2. Just relax dude, this is not a debate about which party is good or not. Clearly your already biased and voting for the Liberal Party..Although you had not been affected by work choices in the past, you are not the majority. Hence, Rudd had been voted in as PM last election mainly due to the fundamental fact that work choices affected the vast majority of the labour force in Australia. In regards to Abbott not knowing ANYTHING about the National Broadband Network, there is a reason why PM's have advisors. SImply put it, if he did care about what society thinks and does want to win voters votes, then what he should of done is educate himself with the topics from his advisors. And yes i have heard of many cases where people have not wanted to sign up to the enw work choices, they had their hours cut, made redundant, etc. Clearly, if you wanna make an attack on my unbiased opinions on both parties, you really need to get your head out of your a-hole.
  3. Ranga has a bogan accent even though she is well-educated and a Law graduate. Backstabber and disloyal to the previous PM (Rudd). Abbott has no ideas what so ever about the National Broadband Network. Bringing back work choices. He is simply in it for the show and flaunting his budgie smugglers any chance he gets. :P Already did an early vote last Sat. Hoping this election will lead to a hung parliament which imo would be better, as the minority paarties in the senate would have more power to scrutinize legislations. Thus, improving the over-all governance of this Country.
  4. Deleted this post with the stupid photo. Posted in wrong section. I didn't read the caption below the subject header "THE STUPID Thread" sorry guys and gals.
  5. E85 has 85% ethanol and 15% gasoline. Mainly used for high powered vehicles (eg. turbo charged) to prevent engine knocking and detonation. I have a few friends who use the e85 blend in their WRXs and EVOs. The reason why they use E85 is because of increased engine compression/increase power output. Benefits - Higher octane rating which burns more efficiently. Less carbon emissions. Avoids engine detonation. Renewable energy source. Cons - Decrease in mileage. Increase engine wear and tear if air/fuel mixture is not properly maintained.
  6. damn right, thats why i didn't major in accounting lol.
  7. that is more correct. Confirmed by a mate who is a tax accountant.
  8. Doubt that will happen when they can just import from Japan the Toyota Blade Master G Racing version - TRD Blade Master G Concept R
  9. I reckon it shouldn't be, because the risk you take for gambling your money away should be sufficient enough to warrant winnings to be tax free. if you won $$$ from gambling and received it in cash with no paperwork atatched or electronic trail, then wouldn't that just be the same as working cas in hand? same same (viet saying).... same s**t, different smell. ATO regards all income earned to be declared as earnings, including cash gifts, etc. - lame. I received a settlement cheque of thousands of dollars, but I was told it is tax free when i declare it on my tax return as it will be classified as a disgracia gift. I think winnings from Big brother was not tax free.
  10. yah we try lol. Thanks for picking up my typo mistakes! you got a good eye for detail. Cheers Bud! @JJCRU23R - I hope all the above info helps you better understand how taxation accounting works. ** now maybe i should go pickup a trade outside business hours, so I can claim future mods, running and maintenance expenses to my white snail as tax deductions **
  11. oh your right... sorry my mistake again.. *sigh* its friday and my brain just wants to relax lol. now i gotta go edit my previous posts to $37,001.11. As for the the $6,000 tax free amount. I thought it does not bring your taxable income total down to the next lowest tax bracket from 30% to 15% (if applicable), $37,001.11 to $31,001.11. What the $6,000 does is the following: ($35,000-$6,000)*0.15 = $4350 payable to tax. Instead of 15% tax being deducted from the $35K, it ultimately gets deducted on $29K only. I could be wrong here, but thats why tax accountants exists in society. You are correct for saying the ATO only deals in dollar amounts and not cents. This was just purely for illustration purposes. But, if his taxable income based on wages were already at $37,000.90 and he earned the 11 cents from interest, then that would effectively push him upto the next tax rate bracket of 30% ($37,001.01). Why would they take the above info as the solid truth and with 100% correctness, when i already stated that they should consult a tax accountant?
  12. Like i said, i'm not a tax accoutant, as my major is in Economics and Finance. I specialise in the Investments & Securities industry and not in taxation accounting. If he made $37,001.11, he would then be taxed at 30% for the amount of $31,001.11 If he has tax claim deductions say of $5,000, then the following would occur purely for illustration purposes. {[($37,001.11-$6,000)-$5,000]*0.30}+$4,650 = $12,450.33 payable to the ATO. The deductions does not bring him down to the next lowest tax bracket (15%) even if his taxable income is reduced below $37,001 after his tax claims. His tax rate will effectively remain at 30%. Therefore, I was a bit incorrect in regards to this as well as me forgetting to add the $4,650 on top of the 30% in my previous post to this. The 11 cents and not $11 would have effectively pushed him into the next highest tax rate bracket. My previous post is merely a guide to gain a simple understanding on how even the smallest amount of declared earnings of interest would have an adverse affect on his tax return. In conclusion, he should consult a tax accountant who is the specialist in this type of accounting field.
  13. Matrix XR = Corolla Levin 1zzfe Matrix XRS = Corolla Sportivo 2zzge The USA didnt get our corollas over there.
  14. trung is correct. You ever wonder how the asian restaurant owners on Victoria street in richmond live? Well, all I can say is that they don't buy houses to live in Toorak, etc, BUT most of them live in the Government Commission flats in the area. They are able to afford to buy expensive cars, brand name stuff and investment properties, as their living expenses is very low. The commission flat rent is only $100 a month!!! Utility expense is limited to electricity and gas they use. Water is free!
  15. Actually it can affect him a lot. If he is sitting on $37,000 (after all claims+$6,000 tax free amount) and has earnt 11 cents as income from interest savings, that would push him up to the next tax bracket of 30% from 15%. $37,000*0.15 = $5550 payable to the ATO $37,001.11*0.30 = $11,100.33 payable to the ATO If he has tax deducted everytime he is paid through out the financial year, then the $5550 would have already been set aside for the ATO. Therefore, another $5550.33 ($11,100.33-$5550) is required to be paid to the ATO.
  16. It all depends on whether the total amount of income savings earnt by you pushes you over the next tax bracket. For instance, if you earn $36,500pa and you have no other income on top of that to declare, then your tax rate is 15 cents to every dollar you earn. Therefore, the amount of tax payable to the ATO would be as follows: ($36,500 - $6,000)*0.15 = $4,575 required for Tax. Note: The first $6,000 amount is tax free. Hence, the deduction from your total earnings. Furthermore, the more tax deductions you have would also bring your total earnings lower. Sometimes even push you to the next lowest tax rate bracket. If your interest savings ends up bumping your income over $37,001 then the tax rate that would now apply to you is 30% (30 cents to every dollar earned). Thats when you would start to cry. Also, if you have a HECS debt, then that would come into play as well if your income has reached/exceeded the threshold amount. Thus, requiring you to make a payment to the ATO at a later date. That's why tradies are pretty wealthy, because they are able to claim vehicle expenses, interest fees from personal loans for their vehicles, tools, clothes, etc, as they use the stuff for work purposes. Eg. If they earn $90,000 (taxed at 37%) and they manage to reduce their total earnings with say $15,000 worth of tax deductions for repairs, maintenance, fuel expenses of his/her vehicle, then his tax claims would reduce his total earnings to $75,000. Thus, he will be taxed 30% instead of 37%. (incorrect) His tax rate will remain at 37%, but be taxed on $75K instead of $90K. The above is just a guide and I would highly recommend in consulting a registered tax accountant in regards to the above info, as this was my understanding of how tax accounting works in my Uni days. Also to take note is that sometimes increases in pay may not be a good thing for you if it ends up pushing you just over the next tax bracket....even if its 1 cent. So do your own calculations every year and check the new tax rate brackets on the ATO website. At least you can have a fair idea of the amount that you will need to pay to the ATO or receive back as a tax credit from the ATO.
  17. A very stupid front passenger in a silver Yaris YRS flicks out his ciggie butt right onto my bonnet on Pascoe vale rd just past Coolaroo this evening. Pulled up beside them on the left lane and gave him the frowned stare. If your even a member on this forum, you might just end up with a lit up ciggie down your throat you bloody EMO generation Y prick!
  18. but if you take the leather seats away, you will lose half the fun :P
  19. spotted IAGGROI rolla on Pascoe Vale rd 5.30pm.
  20. Looking good. I like what you did with the front bumper - honeycombe mesh. Just needs to be lowered now.
  21. Grats on the purchase! Nice upgrade from an aurion :P Should come with 2 sets of keys and an extra one (master key - grey colour) that has the serial code for the other 2 keys. This master key should be kept in a safe place just in case you need a new one made with immobiliser + keyless entry remote from car manufacturers. I have seen signs at the Broadmeadows Shopping Centre's Mister Minit Locksmiths stating that they can cut car keys with remote+immobiliser transponders way cheaper than the price car manufacturer's charge. I think it cost $400 from Toyota. Mister Minit maybe $250, but not sure. Ring and ask them - Mister Minit store locator. As for toning down the noise from the exhaust, you will most likely need a bigger resonator, cat converter and muffler to remove most of the droning. Remus mufflers are pretty quiet imo.
  22. Maybe its time to replace it with a new one, as your current battery is not holding charge.
  23. Duy, are you giving the sportivo to Lauren now? :P When your not looking, I might stick a TRD badge on your Focus if you manage to score it.
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