by tigerpie » Thu Feb 21, 2019 8:31 pm
by DOC » Sun Feb 24, 2019 4:00 pm
by Q. » Sun Feb 24, 2019 9:52 pm
by DOC » Sun Feb 24, 2019 11:02 pm
Q. wrote:Impersonating an MP. That's jail time.
by mighty_tiger_79 » Tue Feb 26, 2019 1:45 pm
by Q. » Wed Feb 27, 2019 5:08 pm
Are you taking the piss?mighty_tiger_79 wrote:Billly boy you ****** up fraudulent wanker
Why, when clearly looking like the next PM introduce a tax that crucifues self funded retirees???
by tigerpie » Wed Feb 27, 2019 10:44 pm
mighty_tiger_79 wrote:Billly boy you ****** up fraudulent wanker
Why, when clearly looking like the next PM introduce a tax that crucifues self funded retirees???
by shoe boy » Thu Feb 28, 2019 7:43 am
mighty_tiger_79 wrote:Billly boy you ****** up fraudulent wanker
Why, when clearly looking like the next PM introduce a tax that crucifues self funded retirees???
by Booney » Thu Feb 28, 2019 8:26 am
Q. wrote:Are you taking the piss?mighty_tiger_79 wrote:Billly boy you ****** up fraudulent wanker
Why, when clearly looking like the next PM introduce a tax that crucifues self funded retirees???
by Jimmy_041 » Thu Feb 28, 2019 8:33 am
by DOC » Thu Feb 28, 2019 8:49 am
by DOC » Thu Feb 28, 2019 8:51 am
by mighty_tiger_79 » Thu Feb 28, 2019 9:28 am
Oh no, I certainly dont like Morrison, and I dont like Bill.shoe boy wrote:mighty_tiger_79 wrote:Billly boy you ****** up fraudulent wanker
Why, when clearly looking like the next PM introduce a tax that crucifues self funded retirees???
Really !
You stick with your mate Morrison who has no credibility or mandate to even be our PM .
by Jimmy_041 » Thu Feb 28, 2019 10:10 am
DOC wrote:Any person with $250K in their SMSF will still get at the minimum a part pension (will not generate enough income to put them over the limit) and will be exempt.
by Q. » Thu Feb 28, 2019 11:31 am
Jimmy_041 wrote:A few people on here need to venture out of the left wing media outlets and read up on the Labor proposed changes to franking.
I’m not sure why you think it’s so “fair” that a person with $250k in their SMSF is not entitled to the credits but someone with $1m+ in their industry super fund still gets them (including the vast majority of Labor politicians who also get a life pension of what? $200k+ pa?. They’re the real rich leeches on society) Try the AFR for a start!
by Q. » Thu Feb 28, 2019 11:43 am
by Trader » Thu Feb 28, 2019 12:05 pm
Q. wrote:The policy of giving dividend imputation cheques for dividend recipients who are outside the tax system is one of many examples of why Howard/Costello were poor economic managers. The policy created structural deficit for every government since (and does not exist in ANY other country in the world) and will cost the taxpayer $8bil a year if it stays. $8 BILLION! It is a policy that only favours the wealthy (who have the temerity to claim they are "self-funded") and there isn't an economist worth his salt that thinks the policy is a good idea.
by Q. » Thu Feb 28, 2019 12:12 pm
Trader wrote:Q. wrote:The policy of giving dividend imputation cheques for dividend recipients who are outside the tax system is one of many examples of why Howard/Costello were poor economic managers. The policy created structural deficit for every government since (and does not exist in ANY other country in the world) and will cost the taxpayer $8bil a year if it stays. $8 BILLION! It is a policy that only favours the wealthy (who have the temerity to claim they are "self-funded") and there isn't an economist worth his salt that thinks the policy is a good idea.
Please correct me if I'm wrong (quite likely), however my simple understanding based on no research is as follows:
Company makes profit and pays 30% tax.
Company then issues dividends to the shareholders, at which point it is now considered income, and is taxed personally.
To avoid double taxing, the individual only pays the difference between the 30% already paid, and their personal bracket (often 37 or 45%).
In the instance where someone is in a lower bracket (than 30% already paid by the company), the difference is then a credit to the individual.
Am I correct in assuming you are happy for the government to collect the additional from the majority who are in a higher than 30% bracket, but not willing for the credit to be returned for the individuals who are in a lower bracket?
by Jimmy_041 » Thu Feb 28, 2019 1:12 pm
Q. wrote:The policy of giving dividend imputation cheques for dividend recipients who are outside the tax system is one of many examples of why Howard/Costello were poor economic managers. The policy created structural deficit for every government since (and does not exist in ANY other country in the world) and will cost the taxpayer $8bil a year if it stays. $8 BILLION! It is a policy that only favours the wealthy (who have the temerity to claim they are "self-funded") and there isn't an economist worth his salt that thinks the policy is a good idea.
by Trader » Thu Feb 28, 2019 2:20 pm
Q. wrote:Trader wrote:Q. wrote:The policy of giving dividend imputation cheques for dividend recipients who are outside the tax system is one of many examples of why Howard/Costello were poor economic managers. The policy created structural deficit for every government since (and does not exist in ANY other country in the world) and will cost the taxpayer $8bil a year if it stays. $8 BILLION! It is a policy that only favours the wealthy (who have the temerity to claim they are "self-funded") and there isn't an economist worth his salt that thinks the policy is a good idea.
Please correct me if I'm wrong (quite likely), however my simple understanding based on no research is as follows:
Company makes profit and pays 30% tax.
Company then issues dividends to the shareholders, at which point it is now considered income, and is taxed personally.
To avoid double taxing, the individual only pays the difference between the 30% already paid, and their personal bracket (often 37 or 45%).
In the instance where someone is in a lower bracket (than 30% already paid by the company), the difference is then a credit to the individual.
Am I correct in assuming you are happy for the government to collect the additional from the majority who are in a higher than 30% bracket, but not willing for the credit to be returned for the individuals who are in a lower bracket?
Read the link I posted above. The proposal is to withdraw dividend imputation cheques from dividend recipients who are outside the tax system.
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