2007 Tax returns.

[Wedgie]

I suppose it depends on how good your DNA is.
Haven't been to a dentist in 20 years and only broken bones have been fingers except for a wrist at footy.
Only been to hospital for a concussion and broken wrist.
Never had to pay a thing in a hospital EXCEPT for when we did have private medical insurance.

[Psyber]

mick, Socialism Rules? You must be kidding, when the government gives back $21 billion in tax deductions to residential property investors, making the haves have more, and housing unaffordable for the next generation.

(But, I did take your post as being somewhat tongue-in-cheek/humorous)

Don't forget, when they sell those properties any profit after adjustments by the prescribed formula is taxed as income and may push you up a tax bracket - it works both ways.

As for making housing unaffordable, my father bought a house in West Croydon for 5400 pounds [$10800] when his annual income was 990 pounds [$1980] as a clerk in SA Railways - adjust that for average wages now and it doesn't look much different.

[Psyber]

I suppose it depends on how good your DNA is.
Haven't been to a dentist in 20 years and only broken bones have been fingers except for a wrist at footy.
Only been to hospital for a concussion and broken wrist.
Never had to pay a thing in a hospital EXCEPT for when we did have private medical insurance.

I had never had any medical issues except concussion age 10 and a broken collar bone age 7, dealt with at the Children's hospital, until 1990.

Since then there has been about $15,000 in dental repairs after an impact at home - caused by my dog tripping me in a critical situation - plus 4 nights in private hospital for investigations, and a nose repair, septum realignment, and other minor throat surgery at St Andrews, and my right medial meniscus looks like it needs attention soon - I blame it on my Hockey playing days. Then my wife had two different surgical issues taking her to Memorial Hospital a few years apart. None of these would have gotten rapid attention through the public system as none of them were life threatening, just uncomfortable.

Without private cover it would have all dragged on and by now I wouldn't still have my own teeth - admittedly the fund paid only a small proportion of the dental work.

Then I blew up a small pigmented spot on my eyelid which could have been a Melanoma, and since it was on an eyelid I had it removed by a Plastic Surgeon. It was benign but marginal and could have turned malignant while I spent months on a waiting list.

Waiting time in Melbourne for an Electro-encephalogram to screen for suspected brain tumour or sub-clinical Epilepsy [not me in this case] is curently 4 to 7 months in the public system depending which area you are in, and can be done in a week privately.

[am Bays]

I was wondering how much people got back or if anyone had to pay extra.

I got $648 back this past year.

I haven't had our accountants put in returns for 2005-06 yet but expect to get a bill for several thousands beyond what the companies have paid already.

But you are going to put them in aren't you????

[CENTURION]

$10,327.00-but my accountants are Darryl O'Brien & Phil Lounder, a pair of PDK highlights

[Psyber]

I was wondering how much people got back or if anyone had to pay extra.

I got $648 back this past year.

I haven't had our accountants put in returns for 2005-06 yet but expect to get a bill for several thousands beyond what the companies have paid already.

But you are going to put them in aren't you????

Yeah, but the accountant can stall till January, by saying he is very busy.

[Dutchy]

Ive always done my taxes myself but am starting to think its time that I went through a tax agent or accountant as they could more than pay for themselves.
Should get a better return next year too as we started salary packaging our new car which brings our gross pay down.

wont see much difference Wedgie, the benefit is it might bring you into the lower tax bracket therefore you would be getting the benefit now in the pay packet...

get the most benefit out of packaging the car when you do more than 25,000 km p.a., FBT is considerably lower....

[Wedgie]

Ive always done my taxes myself but am starting to think its time that I went through a tax agent or accountant as they could more than pay for themselves.
Should get a better return next year too as we started salary packaging our new car which brings our gross pay down.

wont see much difference Wedgie, the benefit is it might bring you into the lower tax bracket therefore you would be getting the benefit now in the pay packet...

get the most benefit out of packaging the car when you do more than 25,000 km p.a., FBT is considerably lower....

Cheers mate, I won't get my hopes up for a change next year in my miserable returns then.

[Dutchy]

yeah mine have actually reduced after packaging the car!