thread: "Adjusted" taxable income

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  1. #1
    BellyBelly Life Subscriber

    Jan 2006
    11,633

    Ah, ok, I see the logic of it now. They should only add back the amount beyond a certain % though, because now we get penalised compared to regular employees. Oh well.

  2. #2
    Registered User

    Dec 2006
    In my own private paradise
    15,272

    i think you'd have to take that up with the ATO hun - i agree, it sucks that you have been deemed to have a higher income than an "employee" on wages. i guess you can appeal it - i don't know what would come of it though.

  3. #3
    BellyBelly Life Subscriber

    Jan 2006
    11,633

    Yeah, might save that for a day when I feel like bashing my head against a wall
    Thanks for your help

  4. #4
    Registered User

    Dec 2005
    In Bankworld with Barbara
    14,222

    I know! We're in the same boat. We reported it so no problem there, but it sucks that there is such a big push to contribute into your super above what your employer pays and there are no incentives for doing it now.