>Helene said: My biggest gripe since we've started a 10% goods and services tax, is that > for some things, they cahrge you a governement tax, *then" they charge you > 10% on top of that, so you pay tax on the tax!! I'm not against paying > taxes, but I think that really stinks! It is depressing to think that our tax free day is 9 months into the tax year.
For instance Helene, since we moved back from our disaster year down the coast, we have to sell the 5 acres we bought to build on. As we didn't build, it is an investment property, therefore, when we sell, we pay 50% capital gains tax on the so called profit, 2.5% stamp duty on the total sale price, and the purchaser pays stamp duty on both the purchase and any mortgage, plus 10% gst on any building. Not a bad turnover of income for our government. Lynn Scott, Wollongong To unsubscribe send email to [EMAIL PROTECTED] containing the line: unsubscribe lace-chat [EMAIL PROTECTED] For help, write to [EMAIL PROTECTED]
