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The Bar For non Automotive Related Chat |
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#1 | ||
If it ain't broke........
![]() Join Date: Dec 2007
Location: Sunshine Coast Qld
Posts: 18,593
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http://www.sunshinecoastdaily.com.au...ers-good-deal/
Ok, here's the story. This guy is the son of a very wealthy developer. Started his own business. It goes belly up. He owes more than 70 Million dollars, yes 70 Million. Creditors accept 70 thousand and he does not become a bankrupt and can still develop !!!! Am I missing something here ???
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Visitors welcome Relatives by appointment only |
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#2 | ||
FF.Com.Au Hardcore
Join Date: Feb 2011
Location: On The Footplate.
Posts: 5,086
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No. It;s called "having a clever accountant and lawyer".
Kerry Packer one year made many millions of dollars in profits, and paid only $13,000 personal income tax. When asked, he scoffed at the media and said "Anyone who doesn't use a clever accountant to minimise their tax is an idiot". I grossed over $129,000 last year, paid $37,940 in income tax...and got back a measly $420 from the tax man. This year I am trying to figure out how to pay less tax...but all I have come up with is contributing to my superannuation and getting private health cover. Not a lot else a "normal" guy can do. No idea how the big boys do it... |
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#3 | |||
FF.Com.Au Hardcore
Join Date: Sep 2011
Location: Victoria
Posts: 2,182
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Quote:
I have done this and have reduced my tax by as much as $11,000.00 per Annum |
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#4 | |||
FF.Com.Au Hardcore
Join Date: Jan 2010
Posts: 11,293
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#5 | |||
FF.Com.Au Hardcore
Join Date: May 2010
Posts: 3,336
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Quote:
The problem is if you have an account that has no idea or your trying to save $200 bucks by doing your own tax. I would suggest talk to a few friends and see who they use. |
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#6 | |||
Donating Member
![]() Join Date: Jan 2005
Location: Morayfield
Posts: 27,947
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Quote:
If you manage to pay only 10% tax on 150K and you're PAYG then you are doing something very dodgy.
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I love Holdens.... |
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#7 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,052
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Quote:
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#8 | |||
Starter Motor
Join Date: May 2009
Posts: 25
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Quote:
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#9 | ||
FF.Com.Au Hardcore
Join Date: Feb 2010
Location: Sun City, North Australis
Posts: 4,274
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Nope your not missing anything.. If your wealthy you usually can get out of anything.
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You've seen it, you've heard it and your still asking questions?? Don't write off the Goose until you see the box going into the hole.... |
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#10 | ||
Regular Member
Join Date: Oct 2008
Location: Perth
Posts: 267
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You know you have "made it" when you can employ people to make it seem otherwise.
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#11 | ||
playing in my big shed
Join Date: Sep 2005
Location: miriam vale , qld
Posts: 3,302
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"SCOTT Juniper"
why did that familly come to my mind as soon as i first read your post, before clicking the link. if they sold one of the ferraris they would get more then that. that is one of the things that always amazed me when i lived on the sunny coast, how a developer could whipe off millions in debts and carry on business as usual while all the subbies and suppliers lost everything they owned. the rich get richer and who gives a **** about the rest.
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`75 XB FAIRMONT sedan . mushroom beige, injected 351, toploader, 9inch `10 FG XR50 Turbo ute. Nitro blue, 6 sp Auto, Leather trim. `04 BA RTV tray back, Red, V8 auto, `04 BA XR6 Turbo sedan. Blueprint. auto, Leather trim. `03 BA XLS ute . Acid Rush, factory lpg, auto, `48 TEA20 Grey Ferguson, `62 Willys 6-230 , 4x4 light truck `04 Yamaha TTR 250 |
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#12 | ||
Banned
Join Date: Dec 2007
Posts: 3,290
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Ofcourse I mean y pay your fair share the less fortunate don't need hospitals police or fire brigades and once there poor and destitute the same rich persons house will be the first thing to be looted let them eat cake
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#13 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: Melb north
Posts: 12,025
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yes it seems very wrong does`nt it, what really burns me is some guys do this stuff over and over again and seem to get away with it.
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#14 | |||
FF.Com.Au Hardcore
Join Date: Sep 2009
Posts: 2,527
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Quote:
I said the only way you have the lifestyle you have is by shafting the little people he got all upset .... Most people who have alot or are rich generally rely on the generosity of others,but try rippin them of for a dollar, the world would attack you You never ever get rich doin an honest days work |
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#15 | |||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,701
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Quote:
I hate it when people get on here whining all the time that they are hard done by. Life is what you make it, if you sit on a forum all the time whining about it, it isn't going to get any better. |
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#16 | |||
FF.Com.Au Hardcore
Join Date: Sep 2009
Posts: 2,527
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Quote:
Great advice and its good you listened Nothin gets up my nose more than people who wont/dont or couldnt work and expect everything handed to them and cry blue murder when it doesnt happen I had 2 houses before 30 ,and all the mod cons ,i had parasite so called mates lined up for blocks to help me spend it,ya know good mates The headaches with rentals, the bank noose around my neck wasnt worth the pain I now own outright everything i have,no monthly bank managers lifestyle payments every month,its great Mite not to some be the best of the best, but im happy with it and my life Money isnt everything,and you cant take it with you |
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#17 | ||
Powered by Marshall
Join Date: Jan 2005
Posts: 1,138
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One of the best peices of advice I ever heard went along the lines of this
If you go broke, and you owe the bank $1 million, you have a problem If you go broke, and you owe the bank $100 million, the bank has a problem.
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#18 | |||
FF.Com.Au Hardcore
Join Date: Sep 2009
Posts: 2,527
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