Prime Minister K-Rudd 737's $900

[runaway]

what you guys doin with it? :biggrin: Gonna finally get me some new springs, exhaust and sway bar

[lunjiaow]

he will be buying me either a new set of rims or coilovers.

[GrayFox]

straight onto my savings. (for now) :P

[harveyjai]

Reserve it for my Rego in May.
The money thats left over, will be for track day in 2 weeks.

[jinxor]

Same here... Rego time in May...

[djgab101]

i dont get it ........... i not entitled to get it!!!!

[spookz]

Same here! =(

You're only entitled to it if you meet the following two conditions:
1. earn less than $100,000 AUD per financial year.

2. in your 07-08 notice of assessment document, you have to fit the following equation:
A + O - G is greater then $0 (i.e. you actually paid tax, even if it was $0.01)

A = tax on taxable income
O = medicare levy
G = tax offsets and other credits

I think the Govt's stimulus system is flawed..

[jinxor]

damnit i paid like 6k tax.... after claiming back

[ruimond]

Using it to pay part of my order of side skirts and spoiler :thumbup:

[runaway]

hmmm...now im not sure if im applicable

coz i dont earn enough to pay tax i dont think...i lodged a tax return thou. Only a student working part time.

[jinxor]

did you even end up paying like 1 cent tax... like your total tax was 1000 and you claimed 999?

[spookz]

Yeah if you lodged a tax return form, and got ALL your tax back, you don't qualify because your A + O - G would be 0. But if you didn't pay tax, I don't think you'd have a 'O' on your notice of assessment (medicare levy)..

[runaway]

i dunno how much tax it was, dad did all the paper work for me, but i got $425.59 back from the return.

[spookz]

Oh ok, just grab your Notice of Assessment document that you got back from doing your tax return, look at the 'A', 'O' and 'G' values and see if when you pop them into the equation, if you get a value greater then 0 or not. Then you'd know if you're getting the $900 tax bonus. =)

[*MAD DOG*]

We have bought new house furniture for our new house on finance, when the $900 each comes in $1,800 total we'll pay the new furniture off. Yes it was interest free finance.

[harveyjai]

just common sense guys, if u dun pay tax, why would u be recieving the benefits? We work, pay tax, recieve benefits...simple..

[rob323]

Mine and my wife's will be going towards the purchase of some Velo seats (Aussie owned so injecting it straight back into the economy) for the car.

[spookz]

just common sense guys, if u dun pay tax, why would u be recieving the benefits? We work, pay tax, recieve benefits...simple..

What about all the people who sit at home collecting Centrelink payments.. they received $950..

[jinxor]

thats unfair I guess...

When they announced, they should have given it to everyone under 100k... fair and square