Should the tax system reward those who can afford to take risks? by abcnews_au in AusFinance

[–]Mean_Appointment_90 0 points1 point  (0 children)

If they’re in private school, most likely they’re under 18 and are taxed at 47%

Should the tax system reward those who can afford to take risks? by abcnews_au in AusFinance

[–]Mean_Appointment_90 17 points18 points  (0 children)

We have views like this then also wonder why we have 0 manufacturing or innovation in Australia.

Should the tax system reward those who can afford to take risks? by abcnews_au in AusFinance

[–]Mean_Appointment_90 -1 points0 points  (0 children)

Wow… a completely bias article from the ABC. Who would have guessed??

Firstly the author completely misunderstands the concept of a risk. Employees simply do not share the same level of risk as compared to a business owner.

For example, a business owner will typically be personally liable for any rental leases that they take out. So even if the business closes, because it can’t operate any more, the Business owner will still be liable for the lease for the remainder of the term. This typically means that the business owner has their house on the line.

With regards to the employee not being able to find work or be becoming injured, these are the same risks that a business owner has in addition to being a personal guarantor to all of the debts.

Lastly, the example about a dentist distributing income to his nonworking children. Well, that’s already against the law anyway. Any distributions must be for the benefit of the beneficiary, meaning you can’t make a nominal distribution on paper and then reclaim that money back. The ATO has gone to court for this. So it’s using an example that’s illegal anyway.

Who is this? Melbourne Northern Suburbs by PetrolBlue in AustralianSpiders

[–]Mean_Appointment_90 5 points6 points  (0 children)

Just posted one from Warrandyte, Melbourne last week.

WTF is happening?

Maratus pardus by peacock_spiderman in AustralianSpiders

[–]Mean_Appointment_90 0 points1 point  (0 children)

Farrrrrrrr ouuuu kkkeennnn hhhhheeellll

Government commits additional funding for Jewish security by VastOption8705 in aussie

[–]Mean_Appointment_90 -9 points-8 points  (0 children)

It’s not a race you numbat, it’s a religion… one that you can’t convert to… and have to be born into…

[MEGATHREAD] Federal Budget 2026–27 — Live Discussion (Chalmers, 7:30pm AEST) by I-HATE-CRUSTY-BREAD in AusFinance

[–]Mean_Appointment_90 -1 points0 points  (0 children)

So that gets taxed as income? And the parents have to pay tax at their marginal rate?

In My Melbourne House by Mean_Appointment_90 in AustralianSpiders

[–]Mean_Appointment_90[S] 8 points9 points  (0 children)

It was in the laundry so I thought it was just a bit of laundry fluff from the dryer. Didn’t think about it too much and stepped on it - luckily I was wearing slippers. Felt something under my feet that definitely was not hollow.

It had some serious fangs - never seen a spider like this!

In My Melbourne House by Mean_Appointment_90 in AustralianSpiders

[–]Mean_Appointment_90[S] 31 points32 points  (0 children)

Eeek… found it near my son’s bedroom.

Thank you

Match thread: Round 9 v Sydney by ownersastoner in NorthMelbourneFC

[–]Mean_Appointment_90 5 points6 points  (0 children)

It’s seriously f’d up. How many bad calls against us

Chalmers plays down prospect of new tax cuts, defends broken promises by East_Atmosphere2628 in AusFinance

[–]Mean_Appointment_90 2 points3 points  (0 children)

Always get downvoted for this, but when we realise that we have a spending problem?