Next weeks budget will target the top end of the car market so that higher income earners will shoulder a greater tax burden, and as a result luxury vehicles will incur higher sales tax.

If anyone is considering purchasing a new RX8, you might want to consider the 25% to 33% on the GST value of cars exceeding $57,123.

With $55,840 being our base line price, one might be better off adding the extras later or getting slugged the additional costs....

 

Maybe second hand RX8's will get a better resale???

 

The RX8 is well priced against other cars with similar performance its the cost of fuel and the cars quirky nature together with the shitty Mazda service and the rip off parts that has killed its resale and will effect the version 2 sales .

Cheers
Michael

 

I don't know about a better resale 13B, but I predict the second hand price will be firmer....

 

Theres no doubt those issues have impacted on us Micheal, but no more than other luxury cars that have a really **** poor bottom line.

 

Another money graping exercise. When do they stop?

LCT are done in each state or it is now becoming a national tax? I am so confused....

Here come another Singapore...

 

Taka it wasn't until I did some research that I found your comments had merit. A blogger in the Daily Telegraph today, Mike said, "...I moved my company six weeks ago to Singapore for just this reason...and this is typical of entrepreneurs who will not tolerate being robbed by Governments so that the fruits of their hard work and expertise can be handed over to people who are unable or too lazy to create theirt own wealth"

So this is why entrepreneurs pack up and go offshore. Instead of employees earning a living and paying tax, they will now be unemployed and drawing money from the nation's revenue. Multiply "Mike's" strategy a few thousand times and you will understand why.

"You cannot make the poor better off by robbing the rich, because the rich just disappear and then you have no more money to give to the poor. The government cannot force entrepreneurs to keep working at the point of a gun just so taxes can be bled from them. The entrepreneurs will just stop creating wealth and live off their capital for a while until the government goes to the wall."

Phew...some heavy words there but there's a ring of truth to it.....

 

I am poor and I still agree with that..

 

A Labor govt introducing another version of a wealth tax?? No way??!! Who'd a thunk it??

Ah well, hope some of you have made some cash while the adults were in govt because we're about to suffer the children of economics for a few years...

As for car prices - demand is still so strong I doubt this grab will make much of a dent on the sale of Mercs and Bimmers. It'll just be added on top rather than absorbed by the manufacturers/dealers. Those who want an RX8 aren't exactly going to base their decision on whether it costs another K or so anyway - it's not like cross-shopping a Corolla and a 3, is it? You either want one or you don't.

 

What I don't understand is the reasoning?

Which turned into $17 billion.

The feds are running a 17 Billion surplus already predicted to be $21 Billion after the next budget is handed down.
Just how much money do they need to stockpile of ours while the hospitals rot and the road go to hell?

 

Singapore might have lower income taxes but they have property taxes of between 4 and 10%

At 4% the average Aussie home would incur $20000 worth of tax each year.
The average Australian earning $60k and buying the $500k house would pay about $10000 more in Singapore.

If you really think the grass is greener you are welcome to go eat it.

 

They are state and local govt responsibilities respectively, so don't hold your breath.

Never mind, I'm sure gay aboriginal unemployed single mothers with a disability will soon be better off...

 

Not quite correct, ALL make/car sales have slowed dramatically in the past few months..

But yeah, I can't understand how we (Australians) can hand over government to a bunch of union dope heads when everything was running pretty smooth.

Typical Labor, "you have had good times under John Howard"
now we will tax the "rich", more to give to "WORKING FAMILIES".
So lets not dare aspire to greater success in life or wealth.

Typical Labor, keep us under their thumb.

So if you are earning say 70K you are rich and not a "working family"!!?? then.

The trouble with this LCT is that it will flow on to lower priced cars.

Mazda Australia has more than enough room to LOWER their list price on higher priced models to avoid the LCT, but, will they do it?

 

You surely aren't serious are you? Labor might not have been a good option but another 3 years of Howard and we would have had no economy left.

During the best international economic conditions in our history Howard ran down infrastructure, re-invented inflation, ruined the balance of trade while running interest rates 4-5% higher than the rest of the world for 11 years. Even Keating only had interest rates that much higher than the US for 6 months.

They were completely useless and now we will spend the next few years paying for it.

 

While I don't want to get off topic, I really must reply to your Ignorance.

The 12 years of Howard we had the best economic times since WWII, lowest unemployment, real wages growth.

No economy left? What,,,, under Labour we had the highest interest rates, highest unemployment, yes we had interest rate rises in the last 2 years, but of 0.25% increase a time, I lived through the 17% under Keating/Hawke.
With Howard you had Tax cuts in almost every budget, he gave annual bonuses to pensioners and carers of $600-$1000.

Ran down Infrastructure??, Infrastructure is the responsibility of State Governments. Howard gave a $billion for the Adelaide to Darwin rail link, new airport terminal in Adelaide as a start. A plan to rescue the River Murray.$Billion Land Care Plan, etc, etc.

Re-Invented Inflation? what, apart from the last 8 months of his government inflation was at 2-3% each year (record lows), wait until it gets to 11% like in the 80s'.
Inflation is mainly a condition/headache of good economic times, although the cost of petrol has been some of the problem.

Ruined the balance of trade??? What...the Howard government had NO deficit either in trade or financial, they paid off 96 $billion of Labor debt. The trade blowout is due to business investment and people like us that buy imported goods, because we don't make or support Australian products, because we have no industries, why because our waged are too high...the same as America, UK, Canada.

Interest rates have always been higher than the rest of the world...or some of the world, go to South Africa they are 14%. Your reference to Keatings interest rates is totally wrong, they were 11% when he was booted out. What are they now 9%.

And please explain how and what we are paying for because of Howard in the next "few years"?

Sorry mate, but your facts are completely wrong and *** up.

In economics Australia is just a drop in the bucket, International circumstances controls what happens here.
If Howard and Co were so bad how come he was voted back in time after time and is Australia's most successful PM since Menzies.

It is and always has been----Labor puts us into debt and the Libs have to come in and fix it, thats why Labor has only had 4 Prime Ministers in the last 57 years.

 

Your analysis of the situation is not uncommon but a symptom of why we suffer bad government.
I am not a natural Labor voter - I would do just about anything to get rid of Iemma but you and anyone else who shares your mistaken views should know the facts.
Howard should have done far better. Any progress was made in spite of him not because of him.
He was elected on a rise in the economic cycle and booming commodity prices and squandered it buying the votes of the ignorant. Imagine how badly off we would be if he had governed during international hard times. I remember how hopeless he was as treasurer.
The economy is in worse shape now than it has been since 1991 and that is entirely due to poor economic management by Howard and co.

That we have incompetents like Howard is bad enough but that people actually approve of them is a tragedy.
And I will leave it at that.
p.s. From today's Herald
http://www.smh.com.au/news/national/...444339393.html

 

YES, My analysis is based on facts, yours is extremely vague and more like a motherhood statement. "How badly off we would be if he governed in bad economic times"...but hang on HE did not, the maybe, possibly is not any reasonable debate. It was 25 years ago when he was treasurer and I remember well, it was a totality different regulated environment. I bet you are more wiser 25 years on?

How can the economy be in worse shape than 1991?
Back then high interest rates, record unemployment. There are things any government can control then there are ones that they cant. So it is the governments fault that house prices are high, therefore people disposable income is less and they are "struggling" with all these interest rate rises. No, it is because WE the people are greedy, we spend beyond our means, credit cards, we sell our houses in BOOM times thinking we have made money when in fact you have made zip. Unless you downscale. It is the Land Agents and Investors who push up prices of properties, not the government. Apart from state governments who should release the land they own for development.
I Just get FED up with VOTERS who blame everything on the "Government" without looking at the facts.

 

Oh crap, what have I started, lol.

So, how 'bout them Dodgers, huh?

 

I lost interest after the 2nd setence...

I am just more interested how to earn more money myself.

 

Politics and religion two things we should avoid on a car forum.


Mazda are kind of in a lose lose situation over the 8, current 8 owners have to be one of the target markets for the new 8 in their eyes.
If they lower the price of new 8's to get under the tax law then all of us current owners are going to be screaming about the degrading of our resale value and if the don't we are going to be screaming about the cost to buy a new one.

Catch 22

 

I just think people will be avoiding RX8's like the plague unfortunately because of the soaring petrol prices..

 

Thats not how you boys should do it...use your LEFT and RIGHT ARROW KEY to move, UP KEY to jump and DOWN to crouch. Press "L" KEY to punch and "K" KEY to kick....there are 15 fatalities in bloody rage you can also discover....

Truth be known its just some healthy debate on a subject which is close to all of our hearts, and the key driver is money. The way I see it, whilst everyone is hurting we're a lot better off than a lot of other car brands out there....

 

Ha.

I am a lot harder on my friends in person and they accept me for it.

It isn't personal Ash.
At least not between you and me.

 

this increase seems like a disincentive, they wont earn much money from the added luxury tax will they ?? i dont see the point


oops,... i`m being a nerd arent i ?

just tax tobacco more, luxury cars for everybody !!!!

 

A man after my own heart! I thought I was the only politically incorrect person around here. Don't worry, Krudd and his kronies will soon pass a law against that too.