Category: Funny Stuff
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Am I cool if I say Bitcoin?
I live in a town of less than 400,000 people and I just saw a Bitcoin ATM. I don’t know who to use it but how cool am I for living near a Bitcoin ATM… The Commissioner also is cool as he has released his thoughts on the tax treatment of Bitcoin transaction. In summary,…
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Policy all at sea…
Have you heard about the Seafarers Tax Offset… Probably not… This is a 30% refundable tax offset paid to companies that employ seafarers on the salary they pay their seafaring employees. It is effectively a promise to pay 30% of the salaries of these seafaring employees. Some bright spark thought this would “stimulate opportunities for…
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Economists advising us on tax again…
Peter Martin, the economics editor at the Age writes… “The finance minister is two-thirds right. He says if the government can’t balance its books by cutting spending, “the only alternative to balance the books is to increase taxes. There’s only one other option. It’s neither an increase in tax nor a cut in spending. It’s…
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All animals are equal, just some are more equal than others..
The Commissioner of Taxation has just written to some of its staff. The letter states that the staff may get a shock when they get their payment summaries. You see, like almost every employer in Australia, the Commissioner pays allowances while employees are travelling. We all know that the amount we pay is the Commissioner’s…
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Weird Taxes #345
In the 1st century AD, there was a specific tax on… urine. The urine from public urinals was sold to laundries. And each buyer had to pay a tax based on the volume purchased… A urine GST.
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What the Federal Government spends your taxes on…
So if you earn a bit over $80k in a year you end up paying about $20k in tax – this includes the medicare levy as it should as hypothecated revenue (being revenue collected for specific expenditure) cannot occur under our Constitution so lets just call the medicare levy additional income tax… But what does…
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$9 billion tax exempt entity…
I was going to complain about how sporting entities are tax exempt – at least some are tax exempt. I was going to compare cinemas to the AFL and wonder why one pays tax and one does not on its profits? I was going to wonder how having clauses in its governing document saying no…
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Some people will find a way to complain…
This is a very good parable about how individual tax cuts will always have some people complaining… Every day, ten men go out for beer and the bill comes to $100. They pay their bill the way progressive taxes work. The poorest four pay nothing. The fifth pays $1. The sixth $3. The seventh $7.…
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Stop saying the rich should pay more tax, just do it
I am over rich people talking about that the rich should pay more taxes. Its not that I don’t think it is a good or bad idea (I recommended it in my pre budget ideas) but before they start telling others what is the right and proper thing to do they should start doing it…
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Shanghai divorces
While working in Shanghai I discovered that the tax system is responsible for 30% of divorces in the city. When the government announced a 20% tax rate on profits from the sale of residential property, they had an exemption that each person or couple could exempt on property as it was their residence. As soon…
TaxRambling.com 