Tax returns: Man exposed after fiery $2k tax rant by lawyer
An Aussie tax lawyer has taken a swipe at a young man who took to TikTok to post an expletive-ridden rant over his $2,000 tax bill.
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An Aussie tax lawyer has taken a swipe at a young man who went on an expletive-laden rant on TikTok after receiving a $2000 tax bill.
“Right, how the f**k do I owe the ATO $2,000 when I gave them $48,000. The government is f**king every c**t like aways,” Tyrone Northrop raged in a viral clip.
The 23-year-old worker also took aim at Anthony Albanese, ranting that the Prime Minister should be “ashamed” of himself for “not helping a brother out”.
But Sydney tax lawyer Harry Dell called out the young man for not sharing the full story before giving him a brutal reality check about “basic maths”.
“My brother it is not that difficult to figure out why you gotta pay $50,000 to the government,” Mr Dell began.
“If you don’t have a HELP loan you would have earned abou $160,000 and about $50,000 in tax - assuming you don’t have any private health cover,” he explained.
“Or, if you do have a student loan and you have around $133,000 of income, that hits around $50,000 in total, again no private health cover.”
The tax lawyer said he couldn’t understand why Mr Northrop was upset with his tax bill.
“If you earned (between) $133,000 to $160,000, and you’re paying tax according to the rules - the same as everybody else - (I’m) not that shocked.”
He then proposed a solution amid a surge in viral videos from Aussies fed-up with their small tax returns this year: “Can we make a rule that people can’t post their tax bill unless they post their income you earn?”
Social media anger
Social media is full of Australians venting their anger and frustrations after being told they owe the ATO money this year, despite receiving money back at tax time every previous year.
This is largely due to the low-and-middle income tax offset (LMITO) being scrapped this year.
Introduced as a temporary measure in the 2018/19 federal budget, the offset meant those earning between $37,000 and $126,000 were eligible for a tax cut of up $1500.
While most people were aware this measure was coming to an end, many are now being hit with the reality of what losing that extra $1500 actually means – and they’re really not happy.
People who fall into this low and middle income tax bracket are accusing the government of leaving behind everyday Aussies, while the richest people in the nation continue to benefit.
It was confirmed earlier this year that Australia’s richest people will be $5378 better off in the coming financial year and the next.
Research shows that the stage three tax cuts, first introduced by the Morrison government, will deliver just an extra $509 in disposable income for the bottom 20 per cent in financial year 2023-2024 and the next.
Middle income earners – those earning around $100,000 – will get an extra $1243 but will have less income to spend compared to 2019.
But the nation’s richest people, those earning $160,000 and above, will be the clear winners, netting a bonus worth nearly $5400.
Recent data from the ATO has added even more salt to the wound for already fed-up Aussies, revealing 66 people who earned more than $1 million in the 2020-21 financial year paid no income tax at all.
Analysis of the ATO’s annual tax statistics by the Australia Institute showed not only had more people dodged tax than years before, they did so while earning significantly more as well.
It found the 66 people who did not pay tax in 2020-21 earned an average of $14.5 million.
Now that so many people are being hit with unexpected tax bills, tensions are reaching a breaking point, with many lashing out at the ATO and government as a result.
A viral video of a 23-year-old worker raging in an expletive ridden rant after receiving a $2000 tax bill has struck a nerve with many Aussies.
“Right, how the f**k do I owe the ATO $2000 when I gave them $48,000. The government is f**king every c**t like aways,” Tyrone Northrop said.
He told Prime Minister Anthony Albanese that he should be “ashamed of yourself” for “not helping a brother out”.
– with Ally Foster
Originally published as Tax returns: Man exposed after fiery $2k tax rant by lawyer