Another car tax

[Sluggabed]

Get in while you can kids, NSW Labor to the rescue to seize more of your money with another car tax.
In brief, 7% on anything over $100k.
Yet again, we can't learn from history or anyone else

https://www.smh.com.au/politics/nsw...es-and-midwives-20190225-p5105s.html#comments

 

[Icey]

God I hate politicians. Every single one of them.

 

[Chuq]

What if it was 7% on any petrol car over $100k?

Admittedly it's still ridiculous, it's something that is already taxed federally via the LCT.

 

[Blue heaven]

Get in while you can kids, NSW Labor to the rescue to seize more of your money with another car tax.
In brief, 7% on anything over $100k.
Yet again, we can't learn from history or anyone else

https://www.smh.com.au/politics/nsw...es-and-midwives-20190225-p5105s.html#comments

Best we cut back on nurses and midwives so purchasing $100k plus cars is not such a burden on those that can afford them.

 

[Icey]

Lets cut back on the politicians pay check first, and the pensions for life they get.
Then I'd more than happy to shell out for nurses. They are bloody good at their jobs and deserve much more.

 

[Tasdoc]

Best we cut back on the government delivering services directly and contracting private providers instead, so we don’t have so many $80K+ salary workers facebooking or wandering aimlessly all day long

 

[paulp]

Register a company in Canberra and buy it there, then sell it to yourself in NSW a year later for fair value.

 

[paulp]

Get in while you can kids, NSW Labor to the rescue to seize more of your money with another car tax.
In brief, 7% on anything over $100k.
Yet again, we can't learn from history or anyone else

https://www.smh.com.au/politics/nsw...es-and-midwives-20190225-p5105s.html#comments

At some point governments have to realise that taxing more instead of cutting stupidity and waste is very bad for the economy.
I guess they are missing the stamp duty on overpriced sydney houses

 

[meloccom]

If you have to have a tax, at least tax bad externalities like Co2.
I would prefer to see a stamp duty rate based on Co2 output of the vehicle.
This would favour faster electrification of the fleet.

 

[raynewman]

Register a company in Canberra and buy it there, then sell it to yourself in NSW a year later for fair value.

or hire it to yourself.

 

[Vostok]

Maybe if high income earners and corporations didn’t spend so much time and effort in minimising their tax or engaging in creative accounting structures, Governments wouldn’t need to do this to fund the services to the level and standard we expect as a society. Reap what we sew, and all that.

Anyway from what I’ve read the tax is not that much, 7% of the value over $100k. So a $200k car will have its price increased by $7k. People pay that for EAP.

 

[Vostok]

Best we cut back on the government delivering services directly and contracting private providers instead, so we don’t have so many $80K+ salary workers facebooking or wandering aimlessly all day long

And how has that worked out over the past 20 years where it’s been done? Can anyone think of any examples where a private contractor delivers a formerly government provided service to a higher quality and lower or comparable cost than the situation prior? Do they outnumber the examples where the opposite is true?

 

[Blue heaven]

Maybe if high income earners and corporations didn’t spend so much time and effort in minimising their tax or engaging in creative accounting structures, Governments wouldn’t need to do this to fund the services to the level and standard we expect as a society. Reap what we sew, and all that.

Anyway from what I’ve read the tax is not that much, 7% of the value over $100k. So a $200k car will have its price increased by $7k. People pay that for EAP.

$1000 extra for a $150k car, $2000 extra for a $200k car.

 

[Vostok]

Lets cut back on the politicians pay check first, and the pensions for life they get. Then I'd more than happy to shell out for nurses. They are bloody good at their jobs and deserve much more.

I think what politicians are paid as base salary is OK, I wouldn’t want their job for that, but they should have the same superannuation rules as everyone else and the pensions are a joke as most of them become “consultants” immediately after leaving parliament and so earn big bucks on top of the “pensions” which are paid regardless. That’s not right.

I once had an argument about this with a NSW MP, who defended the arrangements on the basis that their job is “unique” and they can be sacked by the public at any election and lose that income. I replied by saying they have more certainty of tenure than anyone working in the private sector. So, no, their job is not “unique” in that regard.

 

[Vostok]

$1000 extra for a $150k car, $2000 extra for a $200k car.

If that’s the case then much less than I thought. Barely a flesh wound.

 

[paulp]

or hire it to yourself.

I think you have to register it in nsw if its driven there for more than 12 months

 

[paulp]

Maybe if high income earners and corporations didn’t spend so much time and effort in minimising their tax or engaging in creative accounting structures, Governments wouldn’t need to do this to fund the services to the level and standard we expect as a society. Reap what we sew, and all that.

Anyway from what I’ve read the tax is not that much, 7% of the value over $100k. So a $200k car will have its price increased by $7k. People pay that for EAP.

Maybe if governments didnt keep taxing and levying and taxing then companies wouldn’t feel the need to creatively minimise their tax as allowed under australian law

 

[paulp]

$1000 extra for a $150k car, $2000 extra for a $200k car.

Are you struggling with calculating 7%? Or have you based that on pre-tax. I’m sure they will double dip.

 

[Vostok]

Maybe if governments didnt keep taxing and levying and taxing then companies wouldn’t feel the need to creatively minimise their tax as allowed under australian law

Just because something is legal doesn’t make it ethical or moral. The “what’s in it for me” attitude also infects the thinking on addressing climate change - everyone would be better off overall if everyone just did their bit without trickery. Same with taxation. People squeezing down the tax balloon in their corner of existence just forces it to pop out somewhere else and we get taxes like this one. As I said, reap what you sew.

 

[Shock-On-T]

But this also penalises someone who is not rich, but really likes nice cars and takes years to save for one.

It also completely circumvents the whole point of the GST, by effectively adding a Sales Tax to a subset of vehicles.