Study: Bush Tax cuts proven to be a total failure.

Wow, I guess that free healthcare isn’t cheep.~D

I payed a third of my wages in taxes last year. 8% of my Income goes on a special tax because I went to UNI called HECS (Higher Education Contribution Scheme)... this means I went to Uni and didn't pay up front... so when I earn above a certain threshold I start paying it off, only 10k more to go and it is indexed to CPI.

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Originally Posted by Papewaio

I payed a third of my wages in taxes last year. 8% of my Income goes on a special tax because I went to UNI called HECS (Higher Education Contribution Scheme)... this means I went to Uni and didn't pay up front... so when I earn above a certain threshold I start paying it off, only 10k more to go and it is indexed to CPI.

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Sounds like a student loan, seems reasonable to me. Fairly kind repayment schedule as your describe it.

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Originally Posted by Papewaio

I payed a third of my wages in taxes last year. 8% of my Income goes on a special tax because I went to UNI called HECS (Higher Education Contribution Scheme)... this means I went to Uni and didn't pay up front... so when I earn above a certain threshold I start paying it off, only 10k more to go and it is indexed to CPI.

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What a neat idea. Any timeframe on the repay?

No, if you don't earn above the threshold you won't ever pay it back... so Bachelor of Arts won't ever have to pay it back. :laugh4:

From the Aussie Tax office: "For the 2004-05 income year, the minimum threshold is $35,000 and for 2005–06, it is $36,184."

lol

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Originally Posted by Papewaio

No, if you don't earn above the threshold you won't ever pay it back... so Bachelor of Arts won't ever have to pay it back. :laugh4:

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:laugh3: Its only funny because it’s true. :bigcry:

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Originally Posted by Divinus Arma

whyidie-

Perfect example of classic liberal thinking. No responsibility. It's "society's" fault. Anybody but the idiot who made the crappy choice, right?

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And you are a classic example of a new age conservative. I have found God. I have found middle class comfort. Why can't everyone else ? I'm from the poorest of the poor. I know poor. They are my old friends. My old family. They are lazy. Not me. I worked hard. Thanks to no one but myself I learned to fish. Now I pronounce everyone who is poor as too lazy, stupid, or selfish like my family. Hurrah!

Look. I'll continue to fund your jobs, you continue to do the best with the opportunity I provide you.

Meanwhile, I'm perfectly allright paying some coin so that potential rioters are given every opportunity to be a contributing member of our middle class lifestyle.

If you want to ignore problems until they hit you in the nose, don't come crying to me for more money for punishment (military, police, jails) when I was preaching prevention.