$950.00 - what will you do with it?

[geckoGT]

Yep, I am sad to say ours will go onto bills or my daughters school fees. Will relieve some of the pressure though.

[sgt_doofey]

Even if you smoke, drink and gamble the $950 away, it frees up $950 of your own cash to spend on something else, doesn't it?

For me, the wife and I have a new couch on layby. It'll be going straight on that so I can get my fat bottom on to some black leather quicker.

(I did say ON TO, not IN TO)

[jphanna]

If you look at the history of what most govt do with our money, enquiries/ environmental impact studies/numerous overseas trips (purely in aust interests..yeah right.)/ more enquiries/more environment impact statements/hiring companies and consultants that are family friends at ridiculas costs, or have back door interests in the politican's own companies.

It seem like a better idea to give us back some of our taxes. they are gonna blow it anyway.

[AUIII]

Originally Posted by jphanna

If you look at the history of what most govt do with our money, enquiries/ environmental impact studies/numerous overseas trips (purely in aust interests..yeah right.)/ more enquiries/more environment impact statements/hiring companies and consultants that are family friends at ridiculas costs, or have back door interests in the politican's own companies.

It seem like a better idea to give us back some of our taxes. they are gonna blow it anyway.

Your right that governments do waste a lot and its good for us to get some back, The problem I see with this scheme is they are borrowing money to do it, If they were taking it out of surplus it would still be concerning but to borrow money to give us a hand out seems crazy to me I would rather see them go into debt for major infrastructure projects roads, dams, hospitals ect.

As for spending my $950.00 will probably buy tools for my business.

[jasjul]

If you work and earn less than $80K you get $950, up to $90K you get $650, up to $100K you get $450, based on 07/08 tax return.

If you get Family Tax Benefit A, you also get $950 for every child you have at school.

[Redrum]

When they determine how much you get is it based on 07/08 or 08/09 taxation year? If 08/09 year I will only get around $300.00, maybe $650.00.

I will put it towards the new FG F6! Sunroof perhaps, part there of anyway.

to qualify for the payment if you earn under $80,000 you get $950 earn $80,000-$90,000 you get $600 earn $90,000-$100,000 you get $300 any thing over $100,000 you get nothing. Then every school student gets $950, Single income families get $950 and a few other thing you get it too.They said some families will be eligible for 4&5 cheques. You get the money however you got your tax cheque for eg. if you get a cheque for tax you will get one for this too, if you get tax straight into your bank well then this will go straight to your bank too. alot of info i know sorry

[Windsor220]

Originally Posted by terri06

to qualify for the payment if you earn under $80,000 you get $950 earn $80,000-$90,000 you get $600 earn $90,000-$100,000 you get $300 any thing over $100,000 you get nothing. Then every school student gets $950, Single income families get $950 and a few other thing you get it too.They said some families will be eligible for 4&5 cheques. You get the money however you got your tax cheque for eg. if you get a cheque for tax you will get one for this too, if you get tax straight into your bank well then this will go straight to your bank too. alot of info i know sorry

Question - If you have moved house since July 08 will the cheque get sent to the previous address since it is based off last years tax return?

[3vXT]

Originally Posted by Torxteer

Question - If you have moved house since July 08 will the cheque get sent to the previous address since it is based off last years tax return?

I've read on another forum that if you've changed your address (or bank account numbers if you received your return that way) you should contact the ATO to update the details.

[Steve]

Perhaps a better question is, will your spending increase after having recieved the grant or will it go towards easing the burden of expenses you would've spent on anyway?

I don't think my spending will increase.

[GS608]

Originally Posted by [b

terri06[/b]] to qualify for the payment if you earn under $80,000 you get $950 earn $80,000-$90,000 you get $600 earn $90,000-$100,000 you get $300 any thing over $100,000 you get nothing. Then every school student gets $950, Single income families get $950 and a few other thing you get it too.They said some families will be eligible for 4&5 cheques. You get the money however you got your tax cheque for eg. if you get a cheque for tax you will get one for this too, if you get tax straight into your bank well then this will go straight to your bank too. alot of info i know sorry

so, because i earn under 80k a year i get $950, then because im a school student i get another $950? am i right? or is it you can only be eligable for one payment?

[3vXT]

Originally Posted by XR-CHIEF

so, because i earn under 80k a year i get $950, then because im a school student i get another $950? am i right? or is it you can only be eligable for one payment?

I'm kinda curious about this too. I've only just enrolled though so i wasn't a student in the 06/07 year.

[Rob's 76 Effy]

Originally Posted by XR-CHIEF

so, because i earn under 80k a year i get $950, then because im a school student i get another $950? am i right? or is it you can only be eligable for one payment?

No you will only get the Under 80k a yr if you put in a tax return for 07-08 other wise you miss out, you wont get the 950 for being a student either your parents will if they recieve the part A in family payments

[Rodp]

Typical.

Not entitled to it.

6 months before NRMA went public I decided not to renew my membership as my new car came with its own roadside. Missed out on ~$2k(?) worth of shares after being a member for 15 years.

[Trek]

Definitely going towards my XC. Not that I really need the money, it's just fastening up the process of getting it on the road

[Steve]

I'll be heading straight to the pokies with mine. :

[Cam]

Bills...

Leaving me more money to spend on the AU :

[FGII-XR6]

spending on infrastructure will not have the desired result the money needs to be circulating in the economy quickly where infrastructure expeniture results in much slower release of the money than required. to those who choose to save it instead of spend it as is needed to boost the economy you are greedy and un Australian. this money is being given to you for a reason but you are too self centred to care about kick starting the economy. this money is intended to be spent so spend it , what you spend it on is not an issue as long as the money is circulating

[4Vman]

Originally Posted by au3xr6

spending on infrastructure will not have the desired result the money needs to be circulating in the economy quickly where infrastructure expeniture results in much slower release of the money than required. to those who choose to save it instead of spend it as is needed to boost the economy you are greedy and un Australian. this money is being given to you for a reason but you are too self centred to care about kick starting the economy. this money is intended to be spent so spend it , what you spend it on is not an issue as long as the money is circulating

But slow release is sustainable, this isnt.. this handout is from borrowings not budget surplus... kRudd doesn't have the money, he's handing out something he'll have to take back later on.. plus interest.
"Investing" the handout will go some way to insulating yourself for when the inevitable happens... he takes it back.

[F6T]

I've preordered a nizpro 4" exhaust for the phoon!! :

[colossus]

They should be spending it on infrastructure and long term projects. Instead Comrade Rudd is "redstributing the wealth"...Its all a crock of...

[Loosecannon]

a bag of weed and a NEW bong!!!! , with pizza hut on speed dial and every cheech and chong movie.........( maybe 25 years ago)

seriously Now, Either car rego, or a prop for by BOAT

[Steve]

Originally Posted by Loosecannon

a bag of weed and a NEW bong!!!! , with pizza hut on speed dial and every cheech and chong movie.........( maybe 25 years ago)

seriously Now, Either car rego, or a prop for by BOAT

Funny about that, Cheech and Chong will be touring here in April. You can put part of the $950 towards tickets.

[smasht]

mine is going straight to mum!

As much as there is so much i could spend it on.....it feels a whole lot better helping the person out that needs it

[FTE72]

Invest in E commerce!!!

[BENT_8]

I was gonna put it into an account for my kids, then i thought perhaps i should use it to solve world hunger.
Buy then i got thinking, if a few of us chipped in, we could almost buy the United States.

Then i woke up and remembered that were not gonna have a recession or a depression, houses prices will NOT fall and muscle cars WILL continue to increase in value.

Now YOU must believe me as I have used CAPITALS to get my point accross

[TZENU]

Does anyone know if the 80k threshold includes the FBT value of a company vehicle ontop of your normal gross or what your salary component is only???

[Black F6]

Originally Posted by TZENU

Does anyone know if the 80k threshold includes the FBT value of a company vehicle ontop of your normal gross or what your salary component is only???

Your taxable income for 07/08 year, so no FBT

[TZENU]

Originally Posted by BFXRScott

Your taxable income for 07/08 year, so no FBT

Beautiful!!! in that case i'll do what the gov't don't want us to do and pay a credit card

[vztrt]

Skydiving and maybe new jocks for after.

The rest will prob go to petrol or bills.