Tina;148143 wrote:

I just went to do my tax return and it looks like I have to pay the motherf*cking bastards!!!

Not happy!! I'm going to ask my dad (accountant) to look at it, but I don't think there's anything he can do. Looks like I didn't pay enough tax - I had 2 different jobs over the financial year but I was working the whole time, so I don't get it!

Has anyone else had to pay them before?

Hate. The. Tax. Office!!!

SD_;148147 wrote:

yeah i paid them around $3000 last year due to capital gains tax. I was not happy.

Ha, you complain about paying tax. Get used to it, it only get's worse as you get higher paying jobs, and....well....Kevin likes his dosh.


Nick

edit:

I even studied accouting hoping to learn how to avoid paying tax, but with no luck. I learnt the best you can do is defer it, eventually you have to pay.

i think the reason you didn't pay enough tax was because of your second job and the $6000 tax free fresh hold, did you claim traveling between your first job to the second

Hi,

Considering this is the 'I pay taxes' pissing contest. I make a tax excise return every Monday, paying now $68.57 a litre.

Shwing.

Nik: The reason you haven't met a farmer yet whom pays tax, is because none of us make any money!

Cheers,
Nik

NIK022;148151 wrote:

Ha, you complain about paying tax. Get used to it, it only get's worse as you get higher paying jobs, and....well....Kevin likes his dosh.


Nick

edit:



Set up a small business and write it off on that, best way is Primary Producer.....haven't met a farmer yet who pays tax. Just set up a vege garden and send your produce to the markets. Have to research the amount of money you need to earn through it to be able to write of all your tax, but it will catch up with you when you retire. Is only applicable to those who earn enough to offset their tax, say +$80,000

Nick

just go to tafe and pay $800 a year. or get a health care card and pay $50 a year i love not being really smart

tina,

having to pay tax back or getting a refund basically comes down to your employers estimating how much you are going to earn this year, and having 2 jobs makes it difficult as they dont know how much you earn from teh other and vise versa...

Like my boss over estimates and im hoping to get a fair chunk of what i paid back with that and deductions, my mates employer does the same thing and he is getting at least 4g back just from percentage of his wage blah blah. 

Having to pay money back to them has nothing to do with the amount you earn, and someone earning more DOES pay more tax throughout the year through PayG deductions from there salary but this DOESNT mean they will need to pay at the end of financial year, it also doesnt mean they will get any money back... it has to do with you need to pay 38% tax but you only paid 32% say, you now owe the government 6% of your wage for that financial year.

basically thank your employers for the $100 you have to pay them and try and get more deductions together for next year

I think I've got a bill of around $1000 owing to the tax office. Only paid $30 tax last year, because for 51 weeks of it I was paid as a contractor, therefore do my own taxes, and didn't save a cent. Grrr.

Although, my pay in 2006/07 was a bit over $40k, last tax year was only $16k, a heaps big drop, I know. Dunno how I survived.

The ATO website says I can claim 5000km or 12% of the original price of the car, without the need for documentation.

Even though I did about 5500km, I can't be bothered making a false logbook and odometer readings for the sake of 500km, even though I do have a record of every shift I did, thank you invoices.

So, at 69c per km, and for $5000km, I can claim $3450.
12% of original purchase price [ $38000 estimate for new in 99 ] = $4560.

Add to that laundry expenses, $300 max without receipts, and $45 fee for last years return.

It looks pretty good, but yeah, I have to start saving for the end of October, then do my return at the last moment. Hopefully visiting a decent accountant will help a bit.

Sorry Tina, doesn't matter!

If you worked two jobs and claimed the tax free threshold on both, that could be why you underpaid tax.. weird thing is that you can claim travel between two jobs and associated expenses.

I just did mine and I received 1.3k on travel between work(s) and uni alone.

You just have to know what you can claim!

Tina;148152 wrote:

But I don't earn much...my partner earned a bit more than me and he still got $465 back. Doesn't make sense.

I cant say I've had to pay the ATO office yet, I've always got tax money back, this year I almost got 3k back , tho I would have got a little less back if my pay was constant through out the year but due to o/t, travel time/km etc I was put in different tax brackets each week so some weeks I would pay heaps of tax others I wouldnt.

congrats on the return, tina. spend spend spend!

work just called me to say someone has quit and that i'll be getting 4-5 shifts a week now, instead of 2-4. so good. now i don't have to work as a casual contractor, and will be able to afford to pay the tax bill, plus maybe even get my brakes finally done.