Tax Time

[Stengord]

Tax return time is closing in ( a few months)

So how much of it is going towards your car?

For me, Im defo getting Pacey's put in
How about the rest of you?

[[Sterling]]

gonne get my car fixxed!
or my 18th=blow+hookers.

[Stengord]

gonne get my car fixxed!
or my 18th=blow+hookers.

Asian star?

[mike1989]

Haha yes the 'massive' $500 bucks or so i get back will all be going on the car

[Stengord]

Haha yes the 'massive' $500 bucks or so i get back will all be going on the car

$500 is better then $0

[EDFalcon]

I'm planning on putting most of it in my "man the car f@#ked up again!!" fund...

[Tocchi]

im hoping to get a bit back... ive given the ATO around $20k in tax this finacial year... and id to wonder what they are spending it on, because nothing seems to change

[Stengord]

and id to wonder what they are spending it on,

Question of our lives

[oneredED]

Hopefully I'll get a bit over 6k back. NONE of it is going on the ED, I got other priorities now

[holmsy]

yeh all my money will go on fixing the car. depending how much i get.
if im real lucky i will use the rest for deposit on second car.
no idea how much im gana get back tho.
no idea how to even work out rough amount never done my own tax.

[Stengord]

if im real lucky i will use the rest for deposit on second car.

Dont leave us in suspence

[Kenaz]

I would say approximately 0-1% will be spent on whatever car I have.

[holmsy]

if im real lucky i will use the rest for deposit on second car.

Dont leave us in suspence

lol what suspense?
what car?

kinda split between getting an ef-au xr8 with mint paint (or shit paint and getting respray)
and supercharging it.

OR

getting a classic.
looking at zc fairlanes (or similar)
or something like an impala or valiant or something.

must be v8.
iv been looking for a while but in no rush. prefer to wait for a good deal. plus need to finish payin off my motor and trans.

[donno]

Should get back 7-8k, straight into savings account. House deposit > car .

[holmsy]

how you know how much ya should get back?

[Stengord]

Should get back 7-8k, straight into savings account. House deposit > car .

Fair enough
I see where your coming from

[Fairmont888]

Hopefully I'll get a bit over 6k back. NONE of it is going on the ED, I got other priorities now

those other priorities better not involve that dam BMW.. lol

[EB_Ghia]

dependant on what i get back...

i'd prob spend it mostly on the cars or put it away and save up my money lol

[John_LS1]

how do you guys get so much back? are you negative gearing house's so you dont pay tax or something?????

i pay a fair bit of tax and get back fuk all.

[Steady]

I was thinking the same thing John LOL
You fckers must have good accountants!
Only time I ever got over 5k is when I didn't work for the whole year so I stayed under the threshold and got everything back LOL

[holmsy]

if ya dont own anything other then a car. and according to the government ya live at home with no bills or anything. yet you have no money in ya account. what sorta tax % would ya get back?
and yes im above the bracket that gets all ya tax back.

i wouldent have a clue beacause dads accountant has allways done it all.
and even then untill this year iv been below the bracket so jus got it all back.

[nommic]

how do you guys get so much back? are you negative gearing house's so you dont pay tax or something?????

i pay a fair bit of tax and get back fuk all.

Probably people with part-time/casual jobs who earn under the threshold.

I've been casual for the last few years (while studying at uni) and get a decent tax return.

If you get a big tax return it probably just means you didn't earn all that much money over the last year (like me)

[AaronEF8]

When you fill out the TFN Decleration form, tick no on the question that asks if you want to claim the tax free threshold.

Or if you work somewhere earning big dollars for part of the year, your employer will take out a lot more tax.

Check out http://www.ato.gov.au for tax calculators.

[EB_Ghia]

i havent crossed the threshold this year.... so i'll get it all back. and i work full time
only been where i am since last dec

i do my own tax returns. why pay someone to do it for me if i know how to do it myself?

[Steady]

i do my own tax returns. why pay someone to do it for me if i know how to do it myself?

why waste time doing it myself, when I can pay someone to do it for me?

[BlackED_Sprint]

Touch'e

[old_mate]

and paying some other kent is a deduction for next year. woot.

I get a bit back claiming the fuel and shit for the car. Got a company car this year so that's kinda shit. Wont end up with a dollar back i dont think

[EL XR8]

But are these people saying they're getting 6-7k back, thinking thats the amount of tax that they can claim. Because the 6-7k or whatever it is these days is amount of gross income that you can claim your tax back on.
So if for instance you get taxed 10% on your wage, and because you're a slack **** that works at coles for like 2 hours a week, and doesnt go over the threshold, you will get back that 10% of tax that you paid. So that equals $600-$700, not 6-7k!

Anyone who is claiming 7k back, who isnt self employed, is probably rorting the system. Good stuff, just don't get caught though!

[oneredED]

But are these people saying they're getting 6-7k back, thinking thats the amount of tax that they can claim. Because the 6-7k or whatever it is these days is amount of gross income that you can claim your tax back on.
So if for instance you get taxed 10% on your wage, and because you're a slack **** that works at coles for like 2 hours a week, and doesnt go over the threshold, you will get back that 10% of tax that you paid. So that equals $600-$700, not 6-7k!

Anyone who is claiming 7k back, who isnt self employed, is probably rorting the system. Good stuff, just don't get caught though!

I understand what you're saying mate, but I received ~5k* last year legitimately. This year should be substantially higher than that, given I've earned about roughly double (~78k) what I did last year , and I've been substantially overtaxed by my employer.

And Fairmont888, yeah, it will likely end up being spent on the 528, the 5spd auto has a couple of issues... one of which is it doesn't fucking work. The rest will be going into the house deposit fund (if there's any left after fixing the beemer )

*I got stung for not paying HECS due to an error by my employer, so only ended up being 3.5k. Fuckers.

[ned]

Ease up on the brothers that work at Coles lol, I work there as a casual and I managed to get $1500 in my return.

I spent **** all of it on the car, changed oil and shit like that and put the rest away.
Same goes this year. **












** Maybe I'll have a coke party.

[old_mate]

lol @ coke party

[Eb Barbie]

The couple a hundred or so that I get back will be going in my savings fund for house, holiday or car if anything stuffs up. Would rather go on a shopping spree tho

[fordbaby]

damn i wanna get back a few thousand on my tax return. i dont get much at all. ill just take all john's money too
my money will go to savings

[Kyle the ED4LTR]

why do it myself when i can get someone to do it for free

i work as a file sorter at an Accounting firm hehehe, work benefits

[Dansedgli]

That job would be nearly as thrilling as being an accountant.

Im probably gonna just put my return into savings.

[stevo]

invite to coke party please

[EFFalcon]

wtf, i doubt i'll get any tax money back.
nothing much i can really claim as work covers everything.
i'd love even $1k at tax time as a nice little bonus but i imagine i'll end up with around $50

[get_an_ea_today]

Well hopefully get a huge cam and headwork and then get my hp4 chip tuned

[fordbaby]

wtf, i doubt i'll get any tax money back.
nothing much i can really claim as work covers everything.
i'd love even $1k at tax time as a nice little bonus but i imagine i'll end up with around $50

you got a fair bit back last year though, so why would it be different this year?

what do some of you guys claim back for to get so much?

[pHaT`eL]

Yeah, i usually only get a couple of hundred back, mates manage to pull in a grand plus. Might do my own tax this year, see if I get more..