this post was submitted on 30 Jun 2023
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[–] [email protected] 5 points 1 year ago (3 children)

Well this is depressing.

I thought I’d have a little relief itch the tax return looking and I’ve just had a quick look at what I’d get back and it’s ended being nowhere what I thought it was going to be.

I’ll be lucky to get back 150 dollars.

I really needed something good to happen in light how tough it’s been supporting my partner and this just is indescribable.

[–] [email protected] 6 points 1 year ago

I still have HECS that get paid down every fortnight via my salary, it’ll be interesting to see the reduction in my pay thanks to this next Wed.

[–] [email protected] 5 points 1 year ago (1 children)

Yeah lots of people will get the same shock this year due to the LMITO being discontinued

[–] [email protected] 1 points 1 year ago (1 children)

But heeeey stage 3 tax cuts baby!

Very inegalitarian.

(PS are you BWD on the old DT?)

[–] [email protected] 4 points 1 year ago

I'm also TheBigBadDog on the old DT, not BWD though

[–] [email protected] 1 points 1 year ago (1 children)

Tax returns are always bittersweet. On one hand, it's nice getting a lump sum at the end of FY.

On the other hand, I know it's just my own money - that my work has overpaid as taxes - and it would've been so much better for it to be sitting in a high-interest savings during the year, instead of earning nothing in ATO's pocket until I get it back later...

[–] [email protected] 1 points 1 year ago

I guess I got my hopes up and thought I’d get a little bit of relief.

It was nowhere near what I was expecting.

I guess at least I don’t owe the ATO anything and have to pay them back. That’s the only bright side to it.