I've never seen the Tax system explained so clearly! 😅
@guyonthecouch136
Ай бұрын
Are you angry now?
@ranudar5666
Ай бұрын
not enough T'ax for the rich in real life or this video sadly.
@rozaj2002
Ай бұрын
@@ranudar5666 what money?
@ExpensivePizza
Ай бұрын
@@ranudar5666 Rich people pay a lot more tax than you think. The top 3 per cent pay about 28% of all tax revenue and the top 10% pay 46% of tax revenue. People get confused because they don't understand the difference between wealth and income. You can own a million dollar house (which makes you a millionaire) and pay no tax (because you have no income). The media writes misleading articles about this to trick people into thinking the rich don't pay taxes but it's a lie.
@sewathome
Ай бұрын
@guyonthecouch136 na I've been cynical so long I expect this sort of thing now. I do frequently think about leaving the country though 😕
@generalcalamity
Ай бұрын
Watching this makes me exhale highly exaggerated sighs of pissed off air...
@ronlucock3702
Ай бұрын
T'axe accountant here. This is 100% legit.
@rennyNOTkenny
Ай бұрын
Can you make sure you get your customers T’axes submitted before June 30 of the following year so they don’t get debts From other public services. -Someone who deals with tax returns
@Tyler-ww6jp
Ай бұрын
Let's calculate it at the end of the year. But make the end of the year in the middle of the year 😂😂
@TopHatNat
Ай бұрын
Clever, funny and depressing at the same time. Thanks Jimmy.
@angeladawn805
Ай бұрын
"Ink is expensive Jason, have you ever bought a printer?" Now it makes sense
@taylor....
Ай бұрын
Cheaper the printer more expensive the ink
@philthy903
Ай бұрын
@@taylor.... Yeah that's why I keep an $85 printer solely for work and tax documents. The cartridges are an excellent deduction :D
@daxriley8195
Ай бұрын
Jason, don't screw that up. You'll need it for Tax purposes For the next 12 months you mean? Don't be stupid Jason! For the next 5 years!
@claudia-official
Ай бұрын
🤣😭😭
@judieloveday1643
Ай бұрын
I thought it was 7 years.
@daxriley8195
Ай бұрын
@@judieloveday1643 Judie, Judie, Judie... It used to be 7 years but changed a little while back to only 5 years. :)
@Humphreyat86
Ай бұрын
Except if you don't file a tax return. Then they can ask you for the information whenever they like. Like 20 years later.
@EarthAuto
29 күн бұрын
@@daxriley8195nice touch
@markhazelberg2860
Ай бұрын
Watching this just reminds and frustrates me how much we pay in taxes and then government just pisses it away
@trav33333
Ай бұрын
Yeah, like on a referendum that no one asked for.
@jackiemoon1556
26 күн бұрын
And they just ignored the outcome anyway.
@leannefreeman3090
Ай бұрын
Never have I heard the Infernal Revenue system explained so clearly !
@markfryer9880
Ай бұрын
No this is the ATO Australian Tax Orifice, I meant Office. We pay Income Tax and GST Goods and Services Tax, Stamp Duty and Rates. 😢
@pastorofmuppets8834
Ай бұрын
Don't forget to make sure to make the biggest corporations and our billionaires are exempt
@flossy0123
Ай бұрын
Yep! I suspect that's what he meant by "what money?!" in his beginning overview of tax brackets lol
@jsquared1013
Ай бұрын
They do that by going to other countries that charge less tax.
@pastorofmuppets8834
Ай бұрын
@@jsquared1013 I believe it's worse than that. Look up Michael West media billionaire's loophole. Mind you, the loophole was closed but only because of green and labor law change
@maxriley1769
Ай бұрын
We design a tax system so everyone gets to think they are winning by being clever. In reality, we tax people based on how likely we think they are to take the money and talent elsewhere.
@chrisgrace9604
Ай бұрын
THE STAMP!!!!!!!!!!!!😂😂😂😂😂😂😂😂😂
@jaywalks9918
Ай бұрын
You missed corporations not paying tax because they own the government.
@DylantheVillain1612
Ай бұрын
Jason doesn’t get paid enough for this….
@nikodraganic
Ай бұрын
He actually does, but it's t'axed
@natureselement7588
Ай бұрын
We don't want people retiring comfortably. Nope they don't
@AusKipper1
Ай бұрын
Well if you could you would stop working wouldnt you. Bad for the economy. Much better to work into your mid 70s
@user-mx8it5oc2s
Ай бұрын
Love these characters and what a wicked analysis! Spot on Jimmy.
@jenniferbates2811
Ай бұрын
As an American.....it's a horrible system here, too!
@cjlister8508
Ай бұрын
Even worse there from what I hear. Your taxes don't get applied automatically.
@jenniferbates2811
Ай бұрын
@@cjlister8508 Not at all. It's an unnecessary complicated system. Just like most things in the USA.
@ekinteko
Ай бұрын
@@jenniferbates2811 Also it's been shown that your government doesn't really use much (or any) of that T'axe to pay for the necessary and good things for people. It apparently just disappears. Also your government keeps printing more money to help them pay for things they don't do. And while the top 20%, 5%, 1% and 0.01% get exponentially more richer... the bottom 50% get poorer. And so does the international community who have to fund USA currency. But mah military!
@tt00
Ай бұрын
We have way better Axes 🪓 though 🤣
@asdasd-ni8eg
Ай бұрын
I'm pretty sure biden took notes from our polies. I used to be able to buy a set of bike cranks from the usa delivered after exchange rate nearly doubled it, and shipping was about 250 bucks, vs 650 atleast if purchased locally.
@bjw4859
Ай бұрын
Sooo, in short you have to earn so little you can't get taxed or so much you have someone who makes sure you don't get taxed, just don't end up in the middle group or your f 'axed, or something that sounds like that 🤨.
@chrispile5553
Ай бұрын
That's actually a fairly accurate statement
@markfryer9880
Ай бұрын
@chrispile5553 Nothing fair about that statement. Accurate yes! Fair? No!
@1resinmonkey
Ай бұрын
Bingo
@clubgus07
Ай бұрын
Yes Jimmy that time of year thanks for the reminder 😅😂
@donnajohansson4105
Ай бұрын
Poor Jason 😂
@jamessanchez6512
Ай бұрын
Unsure if a comedy skit or a documentary 😂
@timburary
Ай бұрын
And they think Dutton will be better hahahaha. NOT!!!!
@RandolphCarter_Randy.C
Ай бұрын
He won’t… but they both suck so much
@piki_starz1287
Ай бұрын
Next you will have to do hecs and tax man lol. Yeah the Axe to Tax lol.
@HeatherMajors
Ай бұрын
So funny and is the most honest version of taxes that I have ever heard.
@mhalaeddine
Ай бұрын
Absolutely funny and true 😂😂😂 if you want, I can arrange to book Jason with an accountant to file a Tax Return. Maybe he can get back the cost of that ink 😅😅😅😮
@PeculiarFinds
Ай бұрын
Please please never stop doing 'The guy who decides'... 💪🏽🤣👍🏽
@FewZ_Yeet
Ай бұрын
giggle and hoot, if you know you know
@azaleatree1519
Ай бұрын
yep
@jasonn1210
Ай бұрын
Don't scrunch that up Jason! You'll need that for tax purposes 😂😂
@LittleSimGoesWild
Ай бұрын
Very accurate representation of how Australia’s tax system was developed😳
@NZr...
Ай бұрын
"No Jason, nothing is immune from the t'axe!" (retirement plans in untouchable safes)
@gawainjones7182
Ай бұрын
Perfect explanation of our t-axe system and it is amazing how the gov turns into Stevie Wonder when it comes to the very rich/donor class.
@scottcrawford745
Ай бұрын
So depressing and true and yet only Jimmy could make it funny
@Policy-Principle
Ай бұрын
That hurt.
@jdeelp
Ай бұрын
😂😂😂😂😂😂 Finally, Tax explained in lament terms... Very frustrating but yet so funny 😅
@jennyrobertson8797
Ай бұрын
Loving this new series of videos Jimmy - well done!
@otofoto
Ай бұрын
Dick Emery vibes: You've been drinking, sir? I most certainly have. I've been drinking ever since this morning!
@Power_Prawnstar
Ай бұрын
Yep, Straya
@NaturallyBeautiful378
Ай бұрын
The fact that Jason is my brothers name somehow makes this even funnier 😂😂
@Robert19002
Ай бұрын
“And so you drive your car to the accountant to pay to look at your tax?” “That’s right, and t’axe the petrol they drive with too!”
@naomibennett6655
Ай бұрын
"Smells like another video" 🤣🤣
@hujhazy
Ай бұрын
Congratulations jimmy on the kings Honors. Can’t wait to see the video on the man who decides kings Honors. Well done and looking forward to many more.
@davidpietzsch5401
Ай бұрын
Me too, being put among the past being Rolf Harris and his third leg and the present Danny boy.😅😅
@brokenman58
Ай бұрын
giggle and hoot
@shelleyburslem3802
Ай бұрын
Nailed it again Jimmy 💜💜
@The_Slavstralian
Ай бұрын
What about the large companies that get away with not paying T.axe at all...?
@DangerD20
Ай бұрын
That was explained here: 0:40-0:45
@coopsnz1
Ай бұрын
franchise pay the most taxes in australia 90% of business
@marilynwood6934
Ай бұрын
That was depressing!
@wendyfox1319
Ай бұрын
Yup that's accurate
@M_AbdullahArif
Ай бұрын
hahaha, haven't seen a new part of "say it properly" in a while though. great content xD
@damianfrazzetto9801
Ай бұрын
Geez. That was funny but you gave me heartburn hearing the truth of it
@xyphrean3109
Ай бұрын
I knew how messed up tax was, but saying it the way you did, it is so much worse..
@jamescowley2261
Ай бұрын
So true, so comical, but man is this triggering😂😂
@GLee-sy7ek
Ай бұрын
🤣We need more videos on this topic. Perhaps deductions for different workers at the checkout?
@caitlinh6631
Ай бұрын
The reason EOY, Financial Year, & Company Tax Returns are spread is so people who work on the calculations aren’t overworked by everything in one go.
@tt00
Ай бұрын
That’s one thing he missed. There’s a special set of rules for farmers. And I’m not making this up it’s called PP
@kardinalempress
Ай бұрын
And some sole trader classifications will see you pay 45% of your income to tax - why should you get the privilege to work for yourself instead of for a corporation which doesn't pay you or the ATO? That's not fair on the economy.
@AllInVehicleInspections
Ай бұрын
Just started flying a drone for vehicle inspections. They are so cool! I need to get some time saving like you have done on your trailer but on a much smaller scale. Love your work!
@billburr5881
Ай бұрын
In the US the thirteenth amendment was supposed to end slavery! NO, it just turned it into a government monopoly! The government is allowed to mandate forced labour, if it so chooses e.g. military conscription! In Australia it is little different!
@Gigiwalters
25 күн бұрын
It be like that , oh u earn more money. Well hello high tax
@Goabnb94
Ай бұрын
The take-axe
@Alan_Hans__
Ай бұрын
Part of the t'axe goes towards a guy who writes speeches (for $300,000 a year) because the guy who we are paying t'axe to isn't competent enough to tell us what he should know in his own words. If the guy being paid $300,000 a year to write speeches for the guy that we are paying directly knows more than the guy the speeches are being written for then the wrong guy is in that position. Something needs to be done to Shorten the list of people that everyone is being t'axed to be paid.
@refuciusref3283
Ай бұрын
Umm, I'm pretty sure there are 2 ppl writing the speeches..... 😢
@olib774
Ай бұрын
Going to see your show in Launceston tonight 😊😂..
@guyonthecouch136
Ай бұрын
Imagine if everyone just said nope.. Apart from the rich hahaha they already don't have too
@missapippin9020
Ай бұрын
And Jason if you don't want to call it a tax you can call it a Levy and the Governments will still take your hard earned money. And Jason there is a tax on whatever is in his glass 🍸
@rpstoval2328
Ай бұрын
The world waking up to the slavery. Can you do one about how usury has always been illegal?
@kathrose336
Ай бұрын
the giggle i had about the land tax! don’t forget kiddos, land tax year ends with the calendar year, unlike your usual tax year! not that it’s gonna matter for those of us who’ll never own one land, let alone two!
@tt00
Ай бұрын
Unlike the rates they don’t even take the bins!
@Kneedragon1962
Ай бұрын
Yeah, you've pretty much got that ~
@robcalder5140
Ай бұрын
And don't forget... Alcohol, live stock, gambling, flights, insurance, planning, vehicle and import taxes.... Yes sheep have their own tax and the insurance that you need to buy to avoid the Medicare levy surcharge is also taxed (in addition to GST)
@wwrite5999
Ай бұрын
Spot on
@PatrickFelstead
Ай бұрын
What if people invest and make some money so they're less reliant on the government? Tax that too Jason. Call it investment gain, no capital gain.
@willdutt
Ай бұрын
well done mate
@benjaminparkinson5255
Ай бұрын
Social services stole mine tax refund
@akwyld2545
Ай бұрын
N now ur reminded me to file my taxes….😅🇦🇺
@scottmcgilvery8511
Ай бұрын
T Axe - genius
@dani83red
Ай бұрын
😂😂😂 accurate
@AusSkiller
Ай бұрын
To be fair the tax system here isn't too bad, having it automatically taken out of your pay usually works better because you don't get a massive tax bill each year so it is easier to manage your money, and with some deductions you can often get a refund which feels a lot better than in other countries as it is like a reward for doing your taxes. Not to mention that doing your own taxes is pretty simple nowadays, if you wait till September usually everything is automatically filled out for you so you can be done in under 10 minutes or 20 if you have some deductions, so you don't need to pay a heap of money for an accountant either. We also have tax included in advertised prices so you know how much something will cost before you buy it. Overall it is a very convenient tax system compared to other countries, but it is still frustrating how much goes to tax, mainly because of how much of that gets wasted on/by politicians.
@ArsonTheShroom
Ай бұрын
way to go, government :P
@ChMelly04
Ай бұрын
Omg, life crisis!!
@grandmasmagic3858
Ай бұрын
this year will be the first time since the 08/09 financial year that I will have to do a tax return..I hope I get something back...I was a carer for family members, until they up and died..then I had to find a job..
@Raida7
Ай бұрын
ink IS expensive
@Mart20232
Ай бұрын
Traumatising axe!!!!
@benjaminscott3085
Ай бұрын
He forgot fringe benefit tax, the most f’d of them all.
@riotact9718
Ай бұрын
You are being stolen from. You know you are being stolen from. Yet, year after year, you let it happen.
@terjepetersen
Ай бұрын
And people vote to keep this system. 😞
@sewathome
Ай бұрын
I heard a Canadian say Californians have super high tax. I looked it up 12% income tax.. 😅
@MrToranaGuy
Ай бұрын
That's only their state tax isn't it? You still have federal income tax on top
@sewathome
Ай бұрын
@MrToranaGuy Good thought, maybe that's where the rest of the tax is hiding. I did wonder if the taxes were just on other things too. I don't really know what their GST equivalent is or anything. Or fuel tax for that matter. But the person I heard threw out 60% as their number, and it seemed a pretty long way from the 12% income tax 🤔
@MrToranaGuy
Ай бұрын
@@sewathomelast time I was stateside, sales tax, aka gst, was charged on items in each individual state and it varied from state to state.
@MagicBaking
Ай бұрын
I’m feeling sick from all the camera zooms :P and from all those damn T-axes!
@J_bixby
29 күн бұрын
Get the T'Axe out
@nickbarrett2470
Ай бұрын
You missed tabacco tax 90 percent Petrol 70 percent Alcohol 60 percent Groceries 10 percent Car. Rego 1000 dollars Insurance 1000 dollars Stamps 20 percent Transfer fee 2000 House rates 2000 House gst on bills 1000 Stamps 20 peecent Land tax on second plus 500 peecent, thanks Dan. Hmm and now i get to feed my family.? Are you fucking kidding me?
@michaelimpey1407
Ай бұрын
Jimmy, you have summed up Treasury in one video. This should be compulsory education viewing in all schoold to teach financial literacy.
@RaineTrimley
Ай бұрын
But you can avoid t'axes if you take everyone's natural resources, offshore expenses, and take pollies out of long lunches
@Dude1100110012
Ай бұрын
My doctor said I shouldn't get angry before bed. What address should I send this bill to?
@Themata
Ай бұрын
And we'll promise to change the rules to make the asset deduction threshold $20k, but not actually change the rules yet so it's still only $1k 🍸
@billizuber412
Ай бұрын
build the house and this isn't as much a thing
@cammo1397
Ай бұрын
Quite clever.
@DuncanUnderwood1
Ай бұрын
roflmao....why isnt this 101 tax video on the ato front page.
@Pinkmen-ho3fz
Ай бұрын
I though he was wearing a tie hen I saw the thumbnail
@Ggdivhjkjl
Ай бұрын
All tax systems are unfair. That's why I support a blanket flat tax. It's unfair too, but at least it's easy to understand. Everything is taxed exactly the same percentage regardless of what it is. The more you spend, the more tax you pay.
@Combatants1
Ай бұрын
The big 4 banks, are actually gov backed, so are...Safe....
@arandomperson920
Ай бұрын
Wait... your the guy i always see in adds.
@donnajohansson4105
Ай бұрын
Property tax just pushes the rent people pay up.
@lindasteenhuis2639
Ай бұрын
Or sell their rental property (like we did) because of all the compliance, associated costs and headaches sorting it all out. Yes, I could have a rental person do it (tried that) but that costs a lot, plus there’s a tax on that too.
@seengame7681
Ай бұрын
Surprise pikachu face when you agree to participate in a regulated market you have to comply with regulations. Glad to see you realised it was too much work and expense so you decided to invest in assets you can afford.
Пікірлер: 179