Tax Bonus Payments?

[MartyJ]

OK,

If I understand it correctly, middle income earners can expect a one-off bonus payment of $950 if your earning under $80K (your income I hope not combined)...If there's two incomes under that $1900...Now to support the local economy, I think it would be very important to spend this money on pinballs.  I hope there is a container coming in around the right time! 

[Nug]

ill make this sweet and simple...it is a con.

check derivatives market and see whats owed...they are just vying for position based on attrition, if your not around...you cant be payed off?! THIS IS NOT BEING REPORTED

theyve all backed a really bad favorite(it ran last...and they bet the house)...and its costing them big...so ...theyre taking it.   bail out?     life support in its pure essence, who remembers the party game when the music stops.....not many chairs either from what i can deduce.

orderly bankruptcy of nations (not too fast...cant have a popular uprise now(they will call you a terrorist anyway!))

my only entry to this engineered mess + 2 cents   

the question is...when does the music stop?

regards

[markc]

you never know your luck .............  there could be a few containers

[Strangeways]

you never know your luck .............  there could be a few containers

 

I heard the $950 was for total earnings less than $100,000.

[MartyJ]

you never know your luck .............  there could be a few containers

 

I heard the $950 was for total earnings less than $100,000.

Dammit...

I read it on the ATO website as what was on your taxable income

http://www.ato.gov.au/corporate/content.asp?doc=/content/00178930.htm&page=3&H3

but I would be very surprised if I was correct in this...

[Creech]

So what happens to those of us that collect their family payment at tax time rather than fortnightly? I missed the last Rudd economic stimulus payment because of that so will I miss this one as well? Then again, it will be nice to get a lump at tax time this year.

[MartyJ]

So what happens to those of us that collect their family payment at tax time rather than fortnightly? I missed the last Rudd economic stimulus payment because of that so will I miss this one as well? Then again, it will be nice to get a lump at tax time this year.

Well if I do get this one, it will be a first.!

My understanding is that as long as your 07/08 tax return is in and completed, they will either mail you a cheque to your address or if they have your BSB+account it will go straight in.  You can update them with your account info its not already with them for electronic returns...

[Peach]

 I am pretty sure it is for each taxpayer under the $80k...

[tonyt]

This should be pretty self explanatory (attachment below)

[MartyJ]

Well, to me that looks like personal income not household.  BUT until I see the money no celebrating from me...

I don't know if this will work for the economy, but I think rather than pay off credit card bills or other stuff, just go out and spend (on pinballs) , or pinball parts (LEDs!), or Neon Signs, or getting that playfield repaired!

 

[tonyt]

This is the information tax agents were sent (me included). Basically if you had some net tax to pay 2007/08 and taxable income of $100,000 or less then you are eligible. It is not per couple.

[v8racefan]

sounds good, any extra $$ the government pays out is a bonus. $950 per tax payer for incomes up to $80k over that will be less than $950.

[tonyt]

• $950 bonus will be paid to eligible taxpayers with a taxable income of up to and including $80,000;

• $650 bonus will paid to eligible taxpayers with taxable incomes exceeding $80,000 and up to $90,000; and

• $300 bonus will be paid to eligible taxpayers with incomes exceeding $90,000 up to and including $100,000.

In addition, eligible single income families will get a $950 bonus from Centrelink, and there will be a $950 back to school bonus per child for eligible families receiving Family Tax Benefit Part A, a learning bonus, as well as $950 bonus for struggling farmers receiving exceptional circumstances income support.

[jyebow]

Happy Days. 
MarkC bring on the containers & Greg , stock up on those parts !
I can feel an order comin' on.
Yeer Har !! 

[Wotto]

• $950 bonus will be paid to eligible taxpayers with a taxable income of up to and including $80,000;

• $650 bonus will paid to eligible taxpayers with taxable incomes exceeding $80,000 and up to $90,000; and

• $300 bonus will be paid to eligible taxpayers with incomes exceeding $90,000 up to and including $100,000.

In addition, eligible single income families will get a $950 bonus from Centrelink, and there will be a $950 back to school bonus per child for eligible families receiving Family Tax Benefit Part A, a learning bonus, as well as $950 bonus for struggling farmers receiving exceptional circumstances income support.

OK OK - hang on a minute.

I earn under 80k........ so I get $950.00 ??
My wife works, she earns ( WELL ) under 80k ......she gets $950.00 ??

We have 2 kids and we do recieve FTP - part A..... so we get ANOTHER $1900.00 in back to school allowances ?????

There could be NO WAY thats possible.