[quote name='http://www.budget.gov.au/2008-09/content/uefo/html/part_2.htm']Tax Bonus for Working Australians
The Government will provide $8.2 billion to eligible taxpayers as a Tax Bonus. The Bonus of up to $950 will be paid to Australian residents who paid tax for the 2007-08 financial year after taking into account available tax offsets and imputation credits. The Bonus will benefit 8.7 million taxpayers.
The Bonus is subject to an income threshold. Eligible taxpayers will receive a bonus of:
- $950 if their taxable income is up to $80,000;
- $650 if their taxable income exceeds $80,000 to $90,000; and
- $300 if their taxable income exceeds $90,000 to $100,000.
Looks like the car should get some lovin'
