Quote:
Originally Posted by Fuzz
But then you double the rebate. Currently, at $14000 income, that's a $467 rebate, which would cover $9340 of non exempt spending. Because you don't pay GST on rent, that sure sounds like you'd be "winning" most of the time.
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The problem is that under the current format low income earners still have to cover those costs before receiving a their rebate. So if they’re already having to go into debt in the interim the increased interest payments on additional borrowing start eating away at that increased rebate and they’re further behind.