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I wonder how many productive work hours have been lost in this country discussing and administering this stupid $900 handout
The complexity of administering all these crazy schemes is mind boggling - all to pander to a myriad of minority interest groups - everything from low income tax offsets, family benefits A and B, krudd bonus v1 and v2, super co-contributions, baby bonuses, TRAs... it really is ridiculous. and still we have nuisance taxes such as stamp duty being charged on the GST on insurance policies (or as I process it in my accounts... "tax on tax")
Yep politicians and tax ... *shudders*
Still haven't got mine yet either.Just be careful because it is "total income" not taxable income. For example negative gearing is added back on, plus business income may be too.
Not sure if anything will be forthcoming due to the above though. Will wait and see.