Our Italian Correspondents BYRD, CONTESSA MANSKI and UNCLE EV have offered this little gem, free of GST!
The Australian Taxation Office has recently ruled that Australia’s millionaire athletes can funnel chunks of their earnings into low-tax trust funds.
The highest paid AFL stars, such as Nathan “Ferret” Fyfe, Lance “The Sheikh” Franklin as well as Gary “Gazza The Dazzler” Ablett Jr. can receive tax breaks of around $20,000 a year.
AFL players and other sports stars have won lucrative tax breaks for being famous so to speak, resulting in tens of thousands of dollars to the biggest stars.
Professional sports people will be eligible to cash in on their image, delivered by the Australian Tax Office.
The ATO has ruled the free kick is justified to compensate elite athletes for “exploitation of their “fame” and “image to promote their sport.
As for us poor punters, where is our long overdue tax break?
Oh wait a minute, current Australian Taxation Office analogy for the average Australian regardless of the mounting debt the Australian economy is facing:
- The more hours you work = more taxes.
- Lodging in your annual tax returns within the guidelines and the laws of the ATO.
- Pay all your taxes within the due date of the ATO to avoid any penalties.
- Anticipating a tax break just for some relief from all the other bloody taxes we all have to keep on paying.
- Abiding the ATO law not deceiving it!
- Totaling = Bugga all!
We are not earning squillions and quite simply we’re just not famous enough to meet the selection criteria according to the ATO.
Not so long ago, the ATO Deputy Commissioner – Michael “Cranky” Cranston was issued with a court attendance notice. As for his moronic son – Adam “Cretin” Cranston was arrested in one of Australia’s most entangled fraud investigation in which $165 million was stolen from the Australian Commonwealth.
So what did happen to the ATO corruption case?
First the scandal reared its ugly head in the media before being silenced faster than a speeding bullet?
Sports stars have got enough royalties through their endorsements; they don’t need an extra tax break.
Unbloodybelievable isn’t it?
Are the AFL stars really worth the tax break?
Don “Is Don…Is Good!” Pyke had his own theory about being truthful about his earnings: “Honesty is the best policy when there’s money in it.”
Keeping it real, John “The Other Johnny!” Worsfold reminded his boys about the importance of saving a penny or two: “Don’t spend on all your health in search of wealth.”
Not too exactly sure if Ken “Kinky” Hinkley was referring to himself with this admission:
“A fool and his money get a lot of publicity.”
Ever the loyal mentor; Luke “St. Luke” Beveridge enforced to his faithful followers the pitfalls of having too much wealth: “It is health that is real wealth not pieces of gold and silver.”
Smug John “Here’s Johnny!” Longmire made no bones about his stupidity as well as his prosperity: “I hate math’s but I do love counting my own money.”
Ross “ No Longer The Boss” Lyon wasn’t taking any chances, seeing that his wealth and job has been in question for quite some time, confessing: “Money is a matter of belief.”
GWS (Geez! Which State?)
“It’s safe for me to keep on making money from creativity.” Leon “King Of Leon” Cameron was all smiles; his motley crew is regrettably this year’s Grand Final contenders.
West Coast Eagles
Cautiously, Adam “Go West!” Simpson is being resourceful with his earnings, calculating: “Wealth is the product of man’s capacity to think.”
Brendon “Thor!” Bolton kept his wallet safely tucked away for the just in case scenario when it comes to job and financial security at this time of the year in this cut throat sporting organization: “Always borrow money from a pessimist. He won’t expect it back!”
Is money the root of all kinds of evil?