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Federal Budget


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#1 Saph

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Posted 09 May 2006 - 08:44 PM

It's actually pretty good for us.

1. I get a pretty significant tax cut (compared to most years).
2. Fred gets a decentish tax cut.
3. Fred's top tax rate is up so we don't have to worry about creeping into next tax bracket with his overtime.
4. When we start our family, and I go back to work we should get full FTB Part A payment - I think (this is based on lowest income earners income right?)

That's all I saw on the news, so seems ok.

Just remember people, don't go spending heaps of money cuz it'll just push inflation up again and give us more interest rate rises! wink.gif
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#2 lazuli

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Posted 09 May 2006 - 08:49 PM

meh. from the bit i've read, doesn't do alot for me - they're not cutting my current tax bracket, and my next promotion will probably still put me in the next bracket sad.gif

i *really* wish they'd focused more on infrastructure and education/child care (i know there is a nominal contribution towards this), rather than tax cuts.
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#3 Anita

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Posted 09 May 2006 - 09:01 PM

QUOTE (lazuli @ May 9 2006, 08:49 PM)
i *really* wish they'd focused more on infrastructure and education/child care (i know there is a nominal contribution towards this), rather than tax cuts.

Agreed; doing more with what they've got instead of just collecting less (or collecting it in different ways? dry.gif) in the next round...

#4 Saph

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Posted 09 May 2006 - 09:15 PM

I fully 100% agree.

15 billion surplus or something..... they should put it in our health system, bring back free healthcare for all.....
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#5 ~*MrsJ*~

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Posted 09 May 2006 - 09:23 PM

As usual the budget is a humdinger for us!

Thanks for the carers payment x 2! recognition for carers for the 3rd budget running.

Large family allowance

and Mega tax relief!


I'll read the rest tomorrow when Paul brings the Australian home.






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#6 melhoneybee

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Posted 10 May 2006 - 05:31 PM

hmm i don't know how i will spend my whopping $10 a week tax cut...it may just cover the massive increase in petrol prices. Maybe!

I am happy for those on $150k a year who will get an extra $120 a week in their pocket-i bet they really need it rolleyes.gif

I think this budget (as usual with the libs) has ignored middle Australia.
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#7 *Michelle*

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Posted 10 May 2006 - 06:05 PM

of course people who are paying more tax are going to get a bigger tax relief it makes sense.If u earn over 150,00 a year you will get $150 a week tax relief which to most of us is huge but i dont even pay $150 a week tax so of course my cut will not be that big..

ETA not entirely convinced a labour government would give low tax payers a bigger cut??
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#8 ~*MrsJ*~

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Posted 10 May 2006 - 06:53 PM

QUOTE (melhoneybee @ May 10 2006, 05:31 PM)


I am happy for those on $150k a year who will get an extra $120 a week in their pocket-i bet they really need it rolleyes.gif

yup we do actually - but thanks for your concern laugh.gif I get a wee bit sick of people who get pissed off at people who earn a higher salary, you need to think about WHY some people earn more! Some people have some pretty hefty responsibilities.



As usual with the budget, from whichever party is in government, there's an old saying that fits...You can't please all of the people all of the time.


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#9 * Kylie *

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Posted 10 May 2006 - 07:05 PM

You know what I hate - and I'm sure I'll get flamed by someone for this - is how pretty much every budget there is barely anything in it for the mid twenties single girl with no kids. And again, this year I'll get a tax cut of $10 a week, however my petrol and mortgage have gone up about $60 a month.

I swear, I should quit my job, go on the dole for a bit, then go to Uni and claim Austudy, then pop out a few kids and pick up the baby bonus and then stay at home with them - maybe then I'll get a bit extra of my tax back!
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#10 **** Sarah and Adam ****

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Posted 10 May 2006 - 07:46 PM

I still think that there shouldn't be tax breaks, it should go into amenities child care, education and most importantly health.

Although the tax cuts they have offered will be good for me.

#11 *Mandy*

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Posted 10 May 2006 - 07:56 PM

QUOTE (Saph @ May 9 2006, 08:44 PM)

4. When we start our family, and I go back to work we should get full FTB Part A payment - I think (this is based on lowest income earners income right?)


Family Tax part A is based on both incomes combined Saph sad.gif sad.gif
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#12 displayname

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Posted 10 May 2006 - 09:09 PM

Wow.. I'm so excited! (not)

I agree they should put more money into health and education.. and in Sydney into good public transport and stop building so many blasted roads, freeways, tunnels, bridges all with mammoth tolls.

#13 displayname

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Posted 10 May 2006 - 09:14 PM

QUOTE (littlemisskylie @ May 10 2006, 07:05 PM)
You know what I hate - and I'm sure I'll get flamed by someone for this - is how pretty much every budget there is barely anything in it for the mid twenties single girl with no kids. And again, this year I'll get a tax cut of $10 a week, however my petrol and mortgage have gone up about $60 a month.

I swear, I should quit my job, go on the dole for a bit, then go to Uni and claim Austudy, then pop out a few kids and pick up the baby bonus and then stay at home with them - maybe then I'll get a bit extra of my tax back!

I totally agree with you Kylie.. not everyone has kids and $10 a week more... like wow, that is something to be excited about.

it kind of reminds me of when I was in uni several years ago and the GST was introduced. They said that fresh food, cars? and some other stuff was exempt.. and basically everything that I bought - clothes, books, magazines, frozen food.. etc.. was not exempt.. and don't get me started on women's sanitary products NOT being exempt! mad.gif OMG the GST frustrates me.. who remembers the hooha about muffins? bread type muffins were exempt but sweet cake type ones weren't. What the-?? huh.gif

#14 squeaza

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Posted 10 May 2006 - 11:32 PM

QUOTE (~*MrsJ*~ @ May 10 2006, 06:53 PM)
I get a wee bit sick of people who get pissed off at people who earn a higher salary, you need to think about WHY some people earn more! Some people have some pretty hefty responsibilities.

nothing against people who earn this much, but on this reasoning school teachers and university professors ought to earn a lot more than they currently do wink.gif Also nurses.....

I don't earn enough to be particularly effected by the tax 'breaks'...

I find it funny that wonderful generous extra $248 dollars a year for families with three or more kids! I wonder how far that goes feeding hungry little mouths blink.gif


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#15 ~Alicia~

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Posted 11 May 2006 - 07:49 AM

Is there any where I can read what actually went into the budget? I havent got a clue what it was or if it will be good for us




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