how taxes encourage driving ...

Bleve said:

Is anyone else here amazed by the way novated leases work? My
understanding is that they're basically a tax dodge for high income
earners, that requires that the upperclass welfare recipient drive the
car for at least 26,000km a year to keep the tax break.

The people I know with novated leases drive *everywhere* simply because
they have to get the k's. Insane ...

Girl upstairs is driving her dads car everywhere for exactly the same reason

can people supply examples of OS tax incentives or the like?

be a good case study via BV/lobbying gov

I know people in some states of US who get paid an 'allowance' every week if they ride 3+ days per week (think it was $10us/week?)
Cateye employees get it

any others?

someone mentioned the obviousness* of bike-stuff being a equivalent to a CoCar or lappy

* inventing werds is my 'middle_name'

Bleve said:

Is anyone else here amazed by the way novated leases work? My
understanding is that they're basically a tax dodge for high income
earners, that requires that the upperclass welfare recipient drive the
car for at least 26,000km a year to keep the tax break.

The people I know with novated leases drive *everywhere* simply because
they have to get the k's. Insane ...

That's what my ex had, I think. He was so proud. I told him I thought it
was stupid, and he was stupid, and I wasn't impressed by a stupid car,
why didn't he get a bike instead? (I may have also told him I already
knew he had a small penis so he didn't need to prove it like that - yes
he was already my ex at the time.)

Tam

Tamyka Bell said:

Bleve said:

Is anyone else here amazed by the way novated leases work? My
understanding is that they're basically a tax dodge for high income
earners, that requires that the upperclass welfare recipient drive the
car for at least 26,000km a year to keep the tax break.

The people I know with novated leases drive *everywhere* simply because
they have to get the k's. Insane ...

That's what my ex had, I think. He was so proud. I told him I thought it
was stupid, and he was stupid, and I wasn't impressed by a stupid car,
why didn't he get a bike instead? (I may have also told him I already
knew he had a small penis so he didn't need to prove it like that - yes
he was already my ex at the time.)

Tam

Wow. Dont hold back. Mental note not to get on Tams wrong side. Not
that you are necessarily wrong of course

Dave

Tamyka Bell said:

That's what my ex had, I think. He was so proud. I told him I thought
it was stupid, and he was stupid, and I wasn't impressed by a stupid
car, why didn't he get a bike instead? (I may have also told him I
already knew he had a small penis so he didn't need to prove it like
that - yes he was already my ex at the time.)

Ouch!

Theo

"Tamyka Bell" <[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

Bleve said:

Is anyone else here amazed by the way novated leases work? My
understanding is that they're basically a tax dodge for high income
earners, that requires that the upperclass welfare recipient drive the
car for at least 26,000km a year to keep the tax break.

The people I know with novated leases drive *everywhere* simply because
they have to get the k's. Insane ...

That's what my ex had, I think. He was so proud. I told him I thought it
was stupid, and he was stupid, and I wasn't impressed by a stupid car,
why didn't he get a bike instead? (I may have also told him I already
knew he had a small penis so he didn't need to prove it like that - yes
he was already my ex at the time.)

Tam

Commodore?

Bleve said:

Is anyone else here amazed by the way novated leases work? My
understanding is that they're basically a tax dodge for high income
earners, that requires that the upperclass welfare recipient drive the
car for at least 26,000km a year to keep the tax break.

The people I know with novated leases drive *everywhere* simply because
they have to get the k's. Insane ...

It's due to the way that Fringe Benefits Tax on cars works. There are 2 alternative ways to work out FBT. One is based on actual costs. The other is a nominal approach based on mileage. With the second method, rate of FBT goes down as mileage does up.

Unfortunately, does not apply to bikes.

FBTing a car can make it cheaper than owning it and paying for everything privately, but driving a car is still an expensive proposition. And if the employer provides parking, FBT generally has to be paid on that too.

Bikes do not pay FBT on parking.

So if I ride and park in my space at work, no FBT. If I drive and park in my space at work, FBT. There is a god after all.

SteveA

SteveA

Resound said:

"Tamyka Bell" <[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

Bleve said:

Is anyone else here amazed by the way novated leases work? My
understanding is that they're basically a tax dodge for high income
earners, that requires that the upperclass welfare recipient drive the
car for at least 26,000km a year to keep the tax break.

The people I know with novated leases drive *everywhere* simply because
they have to get the k's. Insane ...

That's what my ex had, I think. He was so proud. I told him I thought it
was stupid, and he was stupid, and I wasn't impressed by a stupid car,
why didn't he get a bike instead? (I may have also told him I already
knew he had a small penis so he didn't need to prove it like that - yes
he was already my ex at the time.)

Tam

Commodore?

No... but close. And hmmph to all you out there who thought I was mean!

Tam

"Tamyka Bell" wrote in message ...

Quoted message said:

Quoted message said:

Commodore?

No... but close. And hmmph to all you out there who thought I was mean!

Phew!

cheers,
GPLamadore

SteveA said:

Bleve said:

Is anyone else here amazed by the way novated leases work? My
understanding is that they're basically a tax dodge for high income
earners, that requires that the upperclass welfare recipient drive the
car for at least 26,000km a year to keep the tax break.

The people I know with novated leases drive *everywhere* simply because
they have to get the k's. Insane ...

It's due to the way that Fringe Benefits Tax on cars works. There are
2 alternative ways to work out FBT. One is based on actual costs. The
other is a nominal approach based on mileage. With the second method,
rate of FBT goes down as mileage does up.

Unfortunately, does not apply to bikes.

I don't care about tax breaks for bikes, I don't need welfare to ride
my bike, I just think it's stupid to encourage more driving for the
sake of a tax break, which is one effect of the novated lease rort.

Tamyka Bell said:

No... but close. And hmmph to all you out there who thought I was mean!

Tam

nah, that's just honest 😄

'mean' would be "and you cant push a big ring!"

"flyingdutch" <[email hidden]> wrote in
message news:[email hidden]...

Quoted message said:

Tamyka Bell said:

No... but close. And hmmph to all you out there who thought I was
mean!

Tam

nah, that's just honest 😄

'mean' would be "and you cant push a big ring!"

So many wrong responses spring to mind there...especilly after telling the
guy he has a small penis.

flyingdutch said:

Tamyka Bell said:

No... but close. And hmmph to all you out there who thought I was
mean!

Tam

nah, that's just honest 😄

'mean' would be "and you cant push a big ring!"

Hehehe you mean because I don't need to push, I can just spin it?

Tam

Tamyka Bell said:

flyingdutch said:

Tamyka Bell said:

No... but close. And hmmph to all you out there who thought I was
mean!

Tam

nah, that's just honest 😄

'mean' would be "and you cant push a big ring!"

Hehehe you mean because I don't need to push, I can just spin it?

He means *up* the hill, Tam, not down it 🙂

Bleve said:

Tamyka Bell said:

flyingdutch said:

Tamyka Bell Wrote:
>
> No... but close. And hmmph to all you out there who thought I was
> mean!
>
> Tam

nah, that's just honest 😄

'mean' would be "and you cant push a big ring!"

Hehehe you mean because I don't need to push, I can just spin it?

He means *up* the hill, Tam, not down it 🙂

Oh, I thought he meant up a MOUNTAIN! :P *goes back to fantasy land
where she cycles competently*

Tam

"Theo Bekkers" <[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

Tamyka Bell said:

That's what my ex had, I think. He was so proud. I told him I thought
it was stupid, and he was stupid, and I wasn't impressed by a stupid
car, why didn't he get a bike instead? (I may have also told him I
already knew he had a small penis so he didn't need to prove it like
that - yes he was already my ex at the time.)

Ouch!

Theo

You're hurting because he had a small penis?! 😉

Ash

It doesnt go just to rich people.

In QLD it is available to public servants, even those on the lowest level
wages. Someone earning under 30 grand a year can do it

"Bleve" <[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

Is anyone else here amazed by the way novated leases work? My
understanding is that they're basically a tax dodge for high income
earners, that requires that the upperclass welfare recipient drive the
car for at least 26,000km a year to keep the tax break.

The people I know with novated leases drive *everywhere* simply because
they have to get the k's. Insane ...

"Bleve" <[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

Is anyone else here amazed by the way novated leases work? My
understanding is that they're basically a tax dodge for high income
earners, that requires that the upperclass welfare recipient drive the
car for at least 26,000km a year to keep the tax break.

The people I know with novated leases drive *everywhere* simply because
they have to get the k's. Insane ...

Not amazed. It's more to do with Fringe Benefits Tax (FBT), which has been
around for about 20 years. There are threshholds at 15,000km and 25,000km
(ie, tax rate decreases), so there is an incentive to drive a few extra kms
if you're close (but short) of these hurdles.

Quoted message said:

Quoted message said:

Quoted message said:

>> "fd" == flyingdutch <[email hidden]> writes:

fd> can people supply examples of OS tax incentives or the like?

fd> be a good case study via BV/lobbying gov

fd> I know people in some states of US who get paid an 'allowance'
fd> every week if they ride 3+ days per week (think it was
fd> $10us/week?) Cateye employees get it

Here's one scheme that's just too sweet for words:

http://money.guardian.co.uk/tax/story/0,1456,1307166,00.html

fd> someone mentioned the obviousness* of bike-stuff being a
fd> equivalent to a CoCar or lappy

That'd be me.
--
Cheers | ~~ __@
Euan | ~~ _-\<,
Melbourne, Australia | ~ (*)/ (*)