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Old 28-Jun-2004, 05:50 AM
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Default My tax bill - $68,000

That's right.

I just got off the phone to the Inland Revenue Department.

They told me that my current debt is Sixty eight thousand dollars...this is because I was paid $106,000 as my final pay in December of last year.

Bloody typos. *shakes head*

We're hoping it will be sorted today.
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Old 28-Jun-2004, 06:00 AM
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Default re: My tax bill - $68,000

Quote:
Originally Posted by kall
That's right.

I just got off the phone to the Inland Revenue Department.

They told me that my current debt is Sixty eight thousand dollars...this is because I was paid $106,000 as my final pay in December of last year.

Bloody typos. *shakes head*

We're hoping it will be sorted today.

That's like 60% tax

Even if the figures were correct, that's one pretty harsh bracket.

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Old 28-Jun-2004, 06:21 AM
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Default re: My tax bill - $68,000

Yeah, but you also have to figure in the salary I *actually* received (the december one was my final pay + bonus), and my Student Loan...but the following are the NZ Tax brackets:

up to $38,000: 19.5 cents
$38,001 to $60,000 inclusive: 33 cents
$60,001 and over: 39 cents
No declaration: 45 cents
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Old 28-Jun-2004, 06:28 AM
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Default re: My tax bill - $68,000

Just be thankful the final pay was 1/2 way through the tax year and that your current employment status SHOULD help average it out.
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Old 28-Jun-2004, 06:40 AM
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Default re: My tax bill - $68,000

Well, and the fact that it was more like a hundredth of what they think it was.

My assumption: Someone was entering $1060.00 into the system and didn't realise the .00 was already in the field...or something.
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Old 28-Jun-2004, 06:44 AM
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Default re: My tax bill - $68,000

I was wondering why I hadn't received diamonds after you received your $106,000 pay packet in December.

My bad.


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Old 28-Jun-2004, 06:47 AM
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Default re: My tax bill - $68,000

Quote:
Originally Posted by Sparklechick
I was wondering why I hadn't received diamonds after you received your $106,000 pay packet in December.

My bad.

Kall probably figured your eyes sparkle brighter than any diamonds and that nothing $106,000 could buy could possibly compare.

...or something like that.


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Old 28-Jun-2004, 06:54 AM
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Default re: My tax bill - $68,000

Quote:
Originally Posted by Darkling
Kall probably figured your eyes sparkle brighter than any diamonds and that nothing $106,000 could buy could possibly compare.

...or something like that.

*tries to wipe sparkle from eyes*

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Old 28-Jun-2004, 07:36 AM
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Default re: My tax bill - $68,000

ouch... I hope they sort it out soon for you!

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Old 28-Jun-2004, 08:49 AM
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Default re: My tax bill - $68,000

Quote:
Originally Posted by kall
Well, and the fact that it was more like a hundredth of what they think it was.

My assumption: Someone was entering $1060.00 into the system and didn't realise the .00 was already in the field...or something.
hey maybe thats why we all pay far too much tax.... cos they get it wrong all the time.... why do government departments employ monkeys???

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Old 28-Jun-2004, 09:54 AM
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Default re: My tax bill - $68,000

How does that saying go.. something like "pay peanuts get monkeys"

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Old 28-Jun-2004, 06:38 PM
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Default re: My tax bill - $68,000

Quote:
Originally Posted by kall
Well, and the fact that it was more like a hundredth of what they think it was.

My assumption: Someone was entering $1060.00 into the system and didn't realise the .00 was already in the field...or something.
Here is a plan (that is very similar to the one discussed on MSN), why not fight the idiots at their own stupidity.

Why not ask them (in writing of course since that is how these games are played) for a refund of what they owe you?

Since they think you were paid $106,000 but your bank statement only shows a deposit of $1,060 then why not ask them for a correction of the difference?

They can keep the $68,000 they want in tax but since "you feel that they made an excessive deduction at the time" that they actually owe you the difference between the pay of $106,000 minus the $1,060 deposited in your account minus the $68,000 that they claim you owe them. By my calculations it would be somewhere about $36,940 that they owe you. But shouldn't that figure include 6 months worth of interest as well?

And don't forget to include your bank account number so it is easy for them to make the deposit.

You never know it might slip through the (faulty) system and you win... alternatively the supervisor that deals with authorising returns will see the error and it will all be resolved.

I wouldn't hold my breath on getting a resolution the genuine way given the mess the system is in, and if the above plan is put into action I wouldn't hold my breath on getting an appology for the stress cause by a $68,000 bill when your total income for the last financial year was probably half that.

Best of luck dealing with the tards dude.


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