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2008 Federal budget on Luxury Car Tax: Impact on RX8 prices

Old May 13, 2008 | 09:12 PM
  #26  
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I change the title for better understanding on the topic.

Speaking of the budget!

I am angry at the changes on FBT! Doctors and nurses in particular thrive on the FBT to bring the taxable income and hence the their relevant tax bracket down.... well it is very attractive for nurses to work in the public hospital now.

The day that you can salary package your wedding is gone
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Old May 13, 2008 | 11:13 PM
  #27  
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Originally Posted by thisllub
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.
Na that's cool, The older we get the more we see and experience.
I also believe that the average Jo blow has a lot to do with their circumstances financially and socially than what governments do.

Anyway I agree with Matt13B, on the new RX-8 (facelift). Fuel prices will have a dramatic effect on sales and that goes for all guzzlers. The only thing Mazda Australia can do is make the retail price attractive and keep it under the LCT thresh hold.
One or two thousand is not going to make that much difference to resale values for current owners when you already lose a third from day 1.
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Old May 13, 2008 | 11:32 PM
  #28  
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Originally Posted by shaketim
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 !!!!
The luxury tax payable can be calculated here.
http://www.privatefleet.com.au/index.php?itemID=228

$55840 = 0 luxury tax.

Remember that luxury tax is only paid on amounts over the threshold.
The increase is 8% or $80 per thousand.
Most people will find a way to offset that as a business input.

In 2010 the tariff will drop from 10% to 5% so in theory that would drop another $2500.

That will make imported cars up to about $120000 cheaper despite the increase in luxury tax.
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Old May 13, 2008 | 11:59 PM
  #29  
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oh................................................ ...................

thislub, I have printed your response to show my wife. I can get a Boxster haha.
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Old May 14, 2008 | 12:02 AM
  #30  
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Please don't anyone get a Boxster. I hate them,wait until you can afford a real Porshe!
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Old May 14, 2008 | 12:56 AM
  #31  
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Originally Posted by takahashi
oh................................................ ...................

thislub, I have printed your response to show my wife. I can get a Boxster haha.
Haha.
I just re-read it.

How about "imported cars priced under $120000 will be cheaper"
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Old May 14, 2008 | 02:19 AM
  #32  
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Then it will just be ok for an exige S?
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Old May 14, 2008 | 02:44 AM
  #33  
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that is fine yes..
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