Quote:
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Originally Posted by Taxman
*snip*To receive the bonus payment you must satisfy ALL the following requirements:
• Your adjusted tax liability (Tax assessed plus Medicare Levy less Rebates) for 2007-08 is greater than Nil.
*snip-snip*
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Ok, I earnt ~$20k, standard PAYG employee. Income tax got deducted from my gross pay, tax return gets submitted and I get some of my income tax
back. No more money is owed to the ATO, and my account balance goes
up after my tax return.
If tax liability is money owed to the ATO, and I got a ~$2k return, my liability was
Negative~$2k
If I understand correctly I don't get it, nor will a lot of people?