TAX TIME....finally!

[S3SR]

hmmm $22 out from $2500+ like last year....looking forward to it... NOT
what a joke

[AUsome]

Originally Posted by Powdered Toast Man

Unfortunately I'm with you Outback Jack, although my bill will be fairly low this year compared with last year (over $1800 bucks last year)....

Im also with you guys... not as much but was around 750 last year and I cant wait to see how much ill have to pay this year... and i aint self employed either! Bloody tax on interest earnt.

[05MkIIFutura]

Originally Posted by King Nothing

Oooh, I can't wait to get my tax return! I've only started full time work in feb this year. So I will get a fat return this year! Oh yeah! :

Will probably go towards mods on the BA, or save towards my house deposit

You didnt by any chance finish some sort of education at the end of 2006 did you?? If so you are only eligable for 50% of the tax free threshold. Sorry!!!

[SNB05T]

if i get the same as last year $25, a couple of bundy op cans. if i get a decent one, maybe front slotted rotor upgrades, just don't tell my missus :

[bob^]

So which one of you accountants can tell me how much of a % I can claim on the laptop I have been leasing for 2 years, 6 months of which it has been used for school that work has sent me to.
Saves me a trip to the accountant

[Psycho Chicken]

Originally Posted by 4.9 EF Futura

All other things being equal (they rarely are) then yeah you would have been overtaxed pre-paycut.

Based on rough calculations I've paid $800 extra in tax before I take deductions into account. Might crack the 4 figures this year.

[FRA]

Haven't done mine is 3 years...LOL
I'll do it this year for sure

[charles_wif_xf]

Originally Posted by SiKoRa_eL_97

wtf i dont understand that y do u get so little if u got taxed so much?

After deductions, my income came down to whatever it did and the tax payable is the tax on that plus HECS plus the Medicare items. If it wasn't for HECS, my refund would be $11k.

[dave351cid]

this is the first year since `96 that i have had wages ( no i wasnt in jail, -was self-employed)

have no idea yet how much i will get back yet, havent thought too much about , be nice to get something back though instead of having to pay like the last 10 years.

anything i get will go towards building a shed on my block of dirt so i have somewhere to keep my toys .

[Kenaz]

Did my tax on e-tax tonight. Looks like I'm getting a better return that expected :

[MightyXR6Turbo]

Originally Posted by 05MkIIFutura

You didnt by any chance finish some sort of education at the end of 2006 did you?? If so you are only eligable for 50% of the tax free threshold. Sorry!!!

Not quite right, the 2007 financial year return has abolished the need for the A2 Tax Free Threshold adjustment to be made for people finishing school. So they are entitled to the full threshold.

PS: I also loathe this time of year as well...

[Piotr]

I Should get back $300 to $400 this year. I get crap returns because I have no deductions (Shoes and thats it) everything is supplied to me via work. Still no complaining im on a good rate and get ~6% pay rise each year.

[FPVWEPN]

what can you claim for deductions without gettting audited>

[Kryton]

i just did an online estimate from the Tax Office.
i get a $58000 REFUND!
think i may have done it wrong

[MeestaNob!]

Originally Posted by davway

i just did an online estimate from the Tax Office.
i get a $58000 REFUND!
think i may have done it wrong

Nah sounds about right, most people earning $20M a year would be looking at that...

[[dave]]

i worked it out that im gettin 600 bucks back yay lol

so im gonna do the right thing and start up a savings account for a house lol

[Kryton]

yeah, turns out im getting ripped yet again.
sacrificed 10% of my pay, the 3% for the SFSS (taken out weekly) and the 2.5% medicare levy and i get a crappy $1700 back.
medicare levy i can understand and the 3% SFSS has been coming out all year so i should be getting 7.5% back, but alas, im not.
should have been getting back around $5000 but it seems that when i changed jobs, the new job didnt take into account what i had previous earned for the financial year and only payed tax on the remaining 6 months of this financial year that i was employed with them. lucky i made them take out 10% or would have been royally screwed.

[NC 5ltr]

well im paying about $2200 gst to the government every quarter so i should hope to get back $2000 from gst related to expenses not takings.if that makes sense

[Rapid260]

I would just be happy not to pay any money back to the the buggers, but as I found out today, I still have some GST to pay on a house from 05, so no luck this year.

[Eb Barbie]

Originally Posted by [dave]

i worked it out that im gettin 600 bucks back yay lol

so im gonna do the right thing and start up a savings account for a house lol

Smart one! I will be doing the same with whatever I get back, although a shopping spree is very tempting!!

[JamesR]

im hoping to atleast get a new DSLR from my return.