Uncle burger + Rudd Money
June 24, 2009
My uncle owns and runs Jolly Jumbuck lunch bar in Welshpool. I popped in today after seeing a client and got an “Uncle” burger. A few friends who work in Welshpool regularly visit this lunchbar and have deemed the buger the “Uncle” burger. I must say he makes good burgers. If you’re ever in the area (pilbara st) pop in and give his food a try!
On another note, everyone is bugging me to buy a new car! I had decided against it but today my uncle and his friend kept egging me on to get one because of the fantastic 50% tax break. It’s great if I was going to buy a new car anyway but I wasn’t. If I do decide to get a car, I have until next Tuesday to get one. I did the numbers and if I bought a $20,000 car, that would mean I would get taxed on $10,000 less income which amounts to a $3000 saving in tax. If I do buy a new car, i’ll lose $3000 – $5000 when I drive it away. Is it really worth it? Some say money saved is money earnt – but really is this just another government ploy to get me to buy something I don’t need and thus stimulate the enonomy? Let me know what you think…
The official word: http://www.ato.gov.au/taxprofessionals/content.asp?doc=/Content/00175431.htm
A helpful article: http://www.privatefleet.com.au/investmentallowance/
Comments (2)
Buy a bike to burn off the uncle burger…pocket the $20k
Don’t buy more stuff! You have awesome stuff and the world has far too much stuff. Reuse old stuff I say. Well unless you were going to buy a van…