Julia
In Memoriam
- Joined
- 10 May 2005
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Robert Gottleibson from Business Spectator raised this a couple of days ago. At first no one took much notice, including on this forum, but now the broader media has woken up (fantastic, fellas!). Even Radio National devoted considerable time to it in the Breakfast program this morning.If you are a retiree or a share owner and you vote Liberal - you lose.![]()
As a friend said "this election is a choice between Dumb or Dumber."
Read below regarding how the parental scheme will be paid for.
The fact that retirees and those saving for retirement would pay a slice of the parental leave bill shows that the inter-generational game is not widely understood.
So a superannuation fund obtains a franking credit equal to the tax paid by the company. Those franking credits are currently calculated at a tax rate of 30 cents in the dollar. When the Abbott-Hockey plan is introduced the franking credits will be calculated on the basis of 28.5 cent in the dollar. They are worth less and so the retirees and those saving to pay for retirement cop the bill because Abbott and Hockey have simply swapped a tax for a levy aiming to lower the franking credit.
It is a clear attack on the older generation to benefit the up and coming generation.
Read more: http://www.businessspectator.com.au...-pay-paid-parental-leave-scheme#ixzz2cZNIVVk6
Let your local candidate know if you're not happy. I have. Plus an email to Coalition head office.