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Drug scandal rocks Australian cycling
"A drug scandal has rocked Australia's Olympic preparations, with explosive
claims in Federal Parliament that up to six elite cyclists used an Australian Institute of Sport residence as a "shooting gallery"." http://www.theage.com.au/articles/20...245113326.html -- A: Top-posters. Q: What is the most annoying thing on Usenet? |
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Drug scandal rocks Australian cycling
"DRS" wrote in message ... "A drug scandal has rocked Australia's Olympic preparations, with explosive claims in Federal Parliament that up to six elite cyclists used an Australian Institute of Sport residence as a "shooting gallery"." http://www.theage.com.au/articles/20...245113326.html -- A: Top-posters. Q: What is the most annoying thing on Usenet? *YAWNS* sarcasm What a shock! Athletes using performance enhancing drugs!/sarcasm Must be a slow news day over at The Age..... Now, where did I put my syringe? |
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Drug scandal rocks Australian cycling
I'm stunned.
Athletes, who can get huge endorsements if they win, are prepared to cheat to do so. "DRS" wrote in message ... "A drug scandal has rocked Australia's Olympic preparations, with explosive claims in Federal Parliament that up to six elite cyclists used an Australian Institute of Sport residence as a "shooting gallery"." http://www.theage.com.au/articles/20...245113326.html -- A: Top-posters. Q: What is the most annoying thing on Usenet? |
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Drug scandal rocks Australian cycling
L'acrobat wrote:
I'm stunned. Athletes, who can get huge endorsements if they win, are prepared to cheat to do so. .... and then they don't like to pay tax on these endorsements: From http://www.theaustralian.news.com.au/common/story_page/0,5744,9888318%255E2702,00.html THE High Court will determine a test case on whether government grants and prize money given to amateur athletes should be liable for taxation because they constitute a business. Justices Michael Kirby and Bill Gummow yesterday granted the federal Taxation Commissioner leave to appeal a decision that javelin thrower Joanna Stone's $136,448 in prizes and grants were tax-exempt because, unlike sponsorships, they were not considered "carrying on a business". .... etc etc See also http://www.gf.com.au/articles_222.htm http://www.olympics.com.au/default.asp?pg=home&spg=display&articleid=2502 This ****s me. Why the hell shouldn't they pay tax? In this case the claim that over $100k a year in earnings is not carrying on a business. An amateur that gets $100k a year? I can understand someone who wins, say $10k per annum not wanting to declare it as income, but come on. Which leads me to another pet hate .. that professional athletes don't have to pay back any of the money spent on them at the AIS. I have to pay HECs on my university training, why can't they pay it on their sports training? - Munk3y |
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Drug scandal rocks Australian cycling
"Unkey Munkey" wrote in message ... L'acrobat wrote: I'm stunned. Athletes, who can get huge endorsements if they win, are prepared to cheat to do so. ... and then they don't like to pay tax on these endorsements: From http://www.theaustralian.news.com.au...,9888318%255E2 702,00.html THE High Court will determine a test case on whether government grants and prize money given to amateur athletes should be liable for taxation because they constitute a business. Justices Michael Kirby and Bill Gummow yesterday granted the federal Taxation Commissioner leave to appeal a decision that javelin thrower Joanna Stone's $136,448 in prizes and grants were tax-exempt because, unlike sponsorships, they were not considered "carrying on a business". ... etc etc See also http://www.gf.com.au/articles_222.htm http://www.olympics.com.au/default.asp?pg=home&spg=display&articleid=2502 This ****s me. Why the hell shouldn't they pay tax? In this case the claim that over $100k a year in earnings is not carrying on a business. An amateur that gets $100k a year? I can understand someone who wins, say $10k per annum not wanting to declare it as income, but come on. I have to agree wholeheartedly. My wife working part time to earn $25k will have tax taken out of her salary, so why the f#&k shouldn't some high flying athlete on a 6 figure payroll have to pay a damn sight more tax too! Cheers Peter |
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Drug scandal rocks Australian cycling
Originally posted by Peter Signorini
Unky posted this stuff: Justices Michael Kirby and Bill Gummow yesterday granted the federal Taxation Commissioner leave to appeal a decision that javelin thrower Joanna Stone's $136,448 in prizes and grants were tax-exempt because, unlike sponsorships, they were not considered "carrying on a business". ... etc etc I have to agree wholeheartedly. My wife working part time to earn $25k will have tax taken out of her salary, so why the f#&k shouldn't some high flying athlete on a 6 figure payroll have to pay a damn sight more tax too! Well, as far as I am aware, Joanna Stone is a police officer. She would be being taxed on that income just like your wife. If your wife took up a sport, won lots and received sponsorship and prize money - would you be so willing to have her pay tax on that? I'd like to see taxes on 4wd's brought into line before worrying about the winnings of a sports star.. hippy -- |
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Drug scandal rocks Australian cycling
Unky posted this stuff: Justices Michael Kirby and Bill Gummow
yesterday granted the federal Taxation Commissioner leave to appeal a decision that javelin thrower Joanna Stone's $136,448 in prizes and grants were tax-exempt because, unlike sponsorships, they were not considered "carrying on a business". ... etc etc Furthermore... (can you tell I'm up for a whinge/argument? ) This explains the reasoning behind the decision: http://www.gf.com.au/articles_222.htm A point to note: If you were skilled at darts or something and travelled around country fairs earning money on similar games of skill.. would you declare that income? Is it only because she earned $100k+ that it's an issue for you? Where's the cutoff? Is it okay to earn $20k prize money and not pay tax on it? $50k? Just out of curiosity - how much tax does Tiger Woods or Michael Jordan pay? hippy -- |
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Drug scandal rocks Australian cycling
Originally posted by Unkey Munkey This ****s me. Why the hell shouldn't
they pay tax? In this case the claim that over $100k a year in earnings is not carrying on a business. An amateur that gets $100k a year? I can understand someone who wins, say $10k per annum not wanting to declare it as income, but come on. You can't have it both ways... either ALL athletes pay tax on their winnings or none. That means that my $10 crit wins will now be $9.. Which leads me to another pet hate .. that professional athletes don't have to pay back any of the money spent on them at the AIS. I have to pay HECs on my university training, why can't they pay it on their sports training? Never thought about this. I thought it was all down to these guys having to give up everything in order to pursue a sport for the glory of the country..? or something like that Maybe they pay with their health by volunteering their bodies for all the testing, drugs, supplements, etc. they have to endure? Remember that people going to uni/school on scholarships aren't paying for their education - same thing here? Check: http://www.ais.org.au/overview.htm hippy -- |
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Drug scandal rocks Australian cycling
"hippy" wrote in message news Originally posted by Unkey Munkey This ****s me. Why the hell shouldn't they pay tax? In this case the claim that over $100k a year in earnings is not carrying on a business. An amateur that gets $100k a year? I can understand someone who wins, say $10k per annum not wanting to declare it as income, but come on. You can't have it both ways... either ALL athletes pay tax on their winnings or none. That means that my $10 crit wins will now be $9.. Hmm... So does that mean you can claim depreciation and maintainance costs of your bike? Or laundry costs of your cycling knicks? And travel costs for that last event you went to? And what about those Carboshotz? Are they to help you earn your income or did you eat them in your own time? Time to add another volume to the taxation rules. Marty "Tax Free" Wallace |
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Drug scandal rocks Australian cycling
Marty Wallace wrote:
"hippy" wrote in message news Originally posted by Unkey Munkey This ****s me. Why the hell shouldn't they pay tax? In this case the claim that over $100k a year in earnings is not carrying on a business. An amateur that gets $100k a year? I can understand someone who wins, say $10k per annum not wanting to declare it as income, but come on. You can't have it both ways... either ALL athletes pay tax on their winnings or none. That means that my $10 crit wins will now be $9.. Hmm... So does that mean you can claim depreciation and maintainance costs of your bike? Or laundry costs of your cycling knicks? And travel costs for that last event you went to? And what about those Carboshotz? Are they to help you earn your income or did you eat them in your own time? Time to add another volume to the taxation rules. Marty "Tax Free" Wallace You would only be able to claim against the proportion of tax paid on your earnings for that activity, so in this case Hippy would get his $1 back. - Munk3y |
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