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I agree with Ms. Jade. If your properties are such a drain and the negative gearing is so bad you'd sell it. D
Yes I know, welfare "punishes" those who work hard, but it's not intended to reward, it's there to assist those who really need it.
surely you need it more when you lose $100k in cash? at least as much as the guy that has no losses
fair call but only if its going to pay tax one day...I would like some sort of FTB for my baby... my chihuahua.
fair call but only if its going to pay tax one day...
I know where you are coming from Ausprop.
We are in the same boat.
The Government gives NO reward for trying to get ahead.
Even more so since Labor took the reigns.
It's not so much about not receiving anything, it's more the frustration that we know there are so many irresponsible people out there who get handouts for doing absolutely nothing to contribute to this society.
The only comfort you may take from this is none of your hard earned money is going to lazy bludgers who rely on Governemnt Welfare. It's all completely yours.
Childcare payments have also been messed up and made more complicated. It has been made more difficult for not only parents, but the actual Centres are in a mountain of paperwork.
It now takes three months to receive any part payment.
Regards JO
i'm with miss jade ... my personal opinion is that unless you are on poverty level, the government (ie, taxpayers) should't be paying out anything to you as family benefit.
and yes - i do have family! no - i do not get any benefit.
i just don't understand how a family on $100,000+ income could qualify for fbt - but they can.
Hi all,
Dealing with the 'ss' as they were known, today centrelink.
Ausprop, with $0 income and $100,000 "loss" total income = -$100,000. Added back = $0.
i'm with miss jade ... my personal opinion is that unless you are on poverty level, the government (ie, taxpayers) should't be paying out anything to you as family benefit.
and yes - i do have family! no - i do not get any benefit.
i just don't understand how a family on $100,000+ income could qualify for fbt - but they can.
because they elect to run negatively geared investments in order to take advantage of the generous (by world standards) tax treatment of their investments by the same government is more than my irony meter can accomodate.
Hi ausprop,
Nah, they can't add it back twice, just tell them you will appeal it, tell them they are wrong and you will prove their incompetance.
bye
Hi Ausprop,
They can only add back once. That's it. If they tell you anything different THEY don't know the rules.
After all you are only dealing with public servants who really couldn't care.
Go them.
Tell them you are going to go them. Tell them they don't know their own rules.
Do not "give in". that is what they presume will happen.
If they try to claim a loss twice in your case, they will lose in court if you are prepared to take it that far. Most people are not prepared to take it that far.
bye