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11-11-2007, 10:56 PM | #1 | ||
FF.Com.Au Hardcore
Join Date: Jan 2005
Location: Sydney
Posts: 1,296
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* Bl*** TAX!. or more widely known as Fringe benefits tax.
I currently have a novated lease, like many others in this forum I would think, and for the privilege I get to pay fringe benefits tax. Providing I travel more than 25,000 k's a year for any purpose, this tax is currently $5,400.00 per year. Should I wish to use public transport, the bus stop is three doors down from my place and stops literally right outside work. However should I choose to take the bus in daily, and cut down the number of cars on the road, I would not achieve sufficient mileage and my fringe benefits tax would increase to $13,300.00 per year. that's 26% the value of the car per year every year. Does anyone else think this is just too stupid for words?. If the government is really trying to cut down on the number of cars on the road and encourage people to use public transport why this stupidity? And why is no-one talking about it in an election climate? Where are the greens? |
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