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echo: aust_avtech
to: Roy McNeill
from: Bill Grimsley
date: 1999-01-13 06:25:50
subject: FBT

Roy, at 21:23 on Jan 08 1999, you wrote to Bill Grimsley...

RM>> I never knew that the fringe benefits tax had pots in it. 
RM>> Does this mean we can adjust it to fool the tax dept???

RM> A day or so after I wrote this, a Hagar The Horrible joke 
RM> appeared in the local rag. 

You get decent cartoons in your local rag?  Lucky bastards!

RM> Large black-clad heavily armed executioner type person tells Hagar: 
RM> "Your J.B. tax is due."  Hagar asks "WTH is a
J.B.tax??" LBCHAETP 
RM> replies: "A Just Because tax."

That would be funny, if it didn't have a ring of truth about it.

In case you're wondering why I find our tax system about as amusing as
cancer of the colon, both of my parents have now retired, yet they've
maintained their respective companies because if they liquidate their
respective cash and assets, they'll lose almost half of what they've spent
the bulk of their lives earning (it becomes personal income, and is taxed
at the top marginal rate of 48%), which is pretty crook when one considers
that these funds have ALREADY been taxed at the top company rate of 38%.  

In other words, for every $100 they earned during their working lives, they
will actually only nett around $32 (which equates to an overall effective
tax rate of 68%).  So please, no more tax "jokes".  :(

Regards, Bill
@EOT:

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