Tax Tax Tax Tax. Damn I mean't to spell Labor.

[Dave]

GILLARD RESURRECTING DEATH DUTIES
Another Federal Government devastating attack on hard working Australian retirees and their families – this time from both Labor and the Greens. And it is so sneaky ….. go after a persons Super when they die … and you can effectively have a massive new death duty TAX.. but in disguise! They will not use that term… “Death Duty” Of course!….But it is a Distinction without a Difference!

Many years ago, back around 1985, the Labor Party abolished death duties as this was essentially obscene. Sort of …robbing from dead people.

In its place was Capital Gains Tax which of course came into place on 20th September 1985.

Well DEATH DUTIES folks is making a comeback it seems as the Labor government under madam Julia and The Greens now seek to bring this back. But in a very sneaky and typically underhanded way, they will not be directly hitting us when we die. No.

They will be attacking our second largest asset – our superannuation fund!

Under Income Tax Ruling TR 2011/03 when a person dies having a superannuation account, the Australian Tax Office will seek to assess the underlying assets of a superannuation fund for Capital Gains Tax on top of any lump sum tax that will be payable at least at 15% plus medicare.

This effectively implies that your superannuation fund death benefit could by the time this goes to your family be short of up to as much as 40% of your account balance.

So I went to the source, Labors own website to remind myself of those words….Labor Values and I read and of course reflected on their own words.

http://austeaparty.com.au/web/gillard-resurrects-death-duties-by-stealth-with-new-tax/

 

[d22dave]

Cant polish a turd, Politicians are all dogs

 

[nakedape]

Only on assets over $5 million from what i understand - will that affect you Dave?

 

[Dave]

No, but if people work there arses off. Why should they be slugged when they're dead.

They have been taxed all there lives, Labor and the Greens wanna screw them when they're dead.

Does that mean the Greens and Labor are into Necrophilia ?

Oh wait, no it just means they're moron's who wasted our money and are now trying to screw us for every cent they can. Thats the socialist pricks that they're.

Maybe you should join the Labor party Nakedape. You love everything they do.

 

[Nevyn]

I think the point of Dave's gripe is that the money/assets don't belong to the commie bastards!

Cheers Brad

 

[jayk]

more an attack on people that inherit huge wealth i think,... such as gina reinhardt, and she would be no where without the land/ leases her poor old dad got. she has still done well though, .

 

[nakedape]

Maybe you should join the Labor party Nakedape. You love everything they do.

Na, I think they're dicks - just prefer to take a more balanced approach than that offered by neo-cons.

 

[nakedape]

more an attack on people that inherit huge wealth i think,...

Yep - It appears to be a rich bastard tax, aimed at those that can afford it (actually their beneficiaries, but whose counting).

 

[Dave]

http://anthonyalbanese.com.au/

Especially this guy, as soon as Adolf Gillard comes on the tv or radio I switch off.

I think Wayne Swan is a scumbag and dont want this moron to get another cent of tax payers money.

But Anthony Albanese just pisses me off, the guy is worse then a 5 year old not wanting to share. He is a deadset !@#$wit.

 

[KraftyPg]

Chances are anyone rich enough to be slugged by a FRC tax never paid their fair share in the first place that's how they became an FRC so **** em make em pay in their old age.

 

[Dave]

Meh, if rich enough and smart enough, you can afford a good accountant.

Is that why so many hate Gina Rienhart ? Because she's rich.

People in this country need to work harder, why should anyone be paid for doing SFA all day.

 

[Nevyn]

I don't hate Gina. She was born into it and could have squandered her small fortune but was smart enough to be now rolling in it. Good for her!

 

[KraftyPg]

Rich people always pay their fair share of tax.

Was Gina smart enough not to squander or did she pay people smart enough to stop her from squandering?

 

[Dave]

^ True true.

Maybe the Government should hire some of these advisors.

We wouldn't need a new tax every week then after they have wasted Billion and billions of dollars.

 

[KraftyPg]

Well maybe Gina and Andrew could throw a few bucks of their savings into the Federal economy. Maybe Bondie and the like (or their still living families) could pay their fair share of tax. It's not only the dole bludgers that don't pay their fair share of tax.

 

[Nevyn]

Rich people always pay their fair share of tax.

Was Gina smart enough not to squander or did she pay people smart enough to stop her from squandering?

I'd reckon a bit of both!

 

[Dave]

http://www.smh.com.au/opinion/polit...o-15-could-net-extra-25bn-20120917-262nt.html

Maybe if these ****wits didn't sell everything off they would have Billions coming in.

O'Farrell wants to sell of the power stations. Have they not learnt a thing.

Selling everything else off, got the States into this shit. They were making money off these assets.

Oh and I despise paying for trains, roads and other shit Ill never ever use in Sydney.

As always, the rest of the State gets screwed.

 

[KraftyPg]

I still wouldn't trust her as far as I could throw her.

 

[Dave]

http://www.smh.com.au/opinion/polit...o-15-could-net-extra-25bn-20120917-262nt.html

Maybe if these ****wits didn't sell everything off they would have Billions coming in.

O'Farrell wants to sell of the power stations. Have they not learnt a thing.

Selling everything else off, got the States into this shit. They were making money off these assets.

Oh and I despise paying for trains, roads and other shit Ill never ever use in Sydney.

As always, the rest of the State gets screwed.

^ What I said.

Rienhart is a businesswoman. She's looking after herself.

 

[KraftyPg]

Yeah just like all other FRC's.