The Clog from OzTax & HECS
July 20th 2006 01:36
"I'm spending a year dead for tax reasons." - Douglas Adams.
What a great idea! Now that the tax season has begun I’m sure there are many of us who would love to declare themselves dead for tax purposes. Ok, I know Tax allows the government to make payments to poor people like us uni students in the form of Youth Allowance. But here’s an intriguing question, what’s the point of Youth Allowance if we actually have to pay tax on it? Uni students on this ‘government hand-out’ (which is rarely available unless you’ve earned $17,000 after high school,
probably qualifying when you’ve finished uni!) are encouraged to be employed part time during their studies but by doing this are getting into a higher tax bracket and essentially paying more tax. So what’s the point of that??
I reckon everything would be much easier if they just made uni free like it used to be. Many of our parents got a free tertiary education so why can’t we have the same? We finally graduate from uni and look forward to seeing that juicy first pay packet only to notice a quarter of it is missing due to our paying off of a $25,000 HECS debt. Conveniently, just when we enter the workforce and want to move out and buy a house, we’re faced with worrying government debts – not to mention impossibly expensive Sydney house prices.
So it looks like we’ll all be sponging off our parents for some time longer than the generation before us. So much for independence!
ImageYour text goes here cropped, and under the terms of the GNU Free Documentation License
What a great idea! Now that the tax season has begun I’m sure there are many of us who would love to declare themselves dead for tax purposes. Ok, I know Tax allows the government to make payments to poor people like us uni students in the form of Youth Allowance. But here’s an intriguing question, what’s the point of Youth Allowance if we actually have to pay tax on it? Uni students on this ‘government hand-out’ (which is rarely available unless you’ve earned $17,000 after high school,
I reckon everything would be much easier if they just made uni free like it used to be. Many of our parents got a free tertiary education so why can’t we have the same? We finally graduate from uni and look forward to seeing that juicy first pay packet only to notice a quarter of it is missing due to our paying off of a $25,000 HECS debt. Conveniently, just when we enter the workforce and want to move out and buy a house, we’re faced with worrying government debts – not to mention impossibly expensive Sydney house prices.
So it looks like we’ll all be sponging off our parents for some time longer than the generation before us. So much for independence!
ImageYour text goes here cropped, and under the terms of the GNU Free Documentation License
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Comment by Cibbuano
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Comment by Anonymous
Free tertiary education is a good idea but whos going to bother trying hard when its all free???