Didn't the LCT originally align with the price of a Holden Statesman or something? I thought that was how the Government worked it out.
Dubber
Didn't the LCT originally align with the price of a Holden Statesman or something? I thought that was how the Government worked it out.
2011.5 CW GTI w/ BT, MDI, Sunroof, Nav, Xenon. Simple but mine and I love it!
Super Moderator
VWwA Super Moderator
It doesn't really matter how it was originally calculated, because since it's introduction it's only increased from $57,000 to $57,466 in the 11 years since the GST and LCT were introduced. So that's a 0.8% increase in 11 years. How much has inflation been since that time? If we assume that inflation has averaged 3% per year, that's 38.4% since the introduction...Originally Posted by aussiegtidude
So clearly the LCT is just another money grab from the government rather than a legitimate tax on luxury items (lets not even get into the fact that no other luxury item is taxed specifically...)
Volkswagen Fan
A fully optioned 'R' isn't a luxury item? Try telling that to a chippie driving his Great Wall Single Cab
Volkswagenist
The same chippie who gets into his HSV ute on the weekend (no LCT) and tows his luxury speedboat (no LCT) to the coast?A fully optioned 'R' isn't a luxury item? Try telling that to a chippie driving his Great Wall Single Cab
Maybe we'd be better off taxing the 2nd, 3rd and so on cars along with truly luxury items like boats, helicopters and planes? But we're back at the same argument where someone doesn't own a car but has a boat or helicopter and why should they get taxed? The LCT should get the flick but it'll never happen under a labor government.
website: www.my-gti.com
Super Moderator
VWwA Super Moderator
Yeah - the Henry Tax review called this out. Said that the LCT is at the same time hypocritical and ineffective and called for it to be scrapped... oh well... it's not like politicians to take advice their given...
Dubber
Oh yeah, wasn't debating that.I was just wondering how they originally came up with a number. I wasn't sure if they plucked it out of thin air or not.
2011.5 CW GTI w/ BT, MDI, Sunroof, Nav, Xenon. Simple but mine and I love it!
Volkswagenist
Probably related to the price at the time of the most expensive Aussie luxobarge!Oh yeah, wasn't debating that.
website: www.my-gti.com
Volkswagen Enthusiast
But how much has the price of cars increased in the last 11 years? It seems to me that the base price of econo stuff has been sitting around $13,000 forever and stuff like the GTI or WRX has been around the $40,000 mark since they were released. So why would the luxury tax need to move? Car prices haven't moved with the CPI.
Last edited by Mountainman; 11-06-2011 at 08:44 AM.
Nov '15 Polo 81TSI manual white
Volkswagen Enthusiast
Yeah, but I'm spending more on cars now so it affects me.
Therefore it must change.
Audi S3. Sold
Golf R. Sold
Citroen DS3 Dsport. Sold
2016 Skoda Octavia RS Wagon.
Volkswagen Fanatic
LOL that is how I see it as well. Now that I can afford the "luxury" bracket, I demand they piss off the tax.
Bad enough being unmarried with no kids and therefore being considered by the communist ****s running the country right now who think I'm "rich" so lets just rape them with all the taxes so 50% of the country can get handouts and have no ambition. <rant end>
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