- Joined
- 15 July 2018
- Posts
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- 4
Through their own efforts and no burden on taxpayers unlike others who haven’t made the same effort and receive an aged pension with considerable associated benefits - courtesy of taxpayers.
Low taxable incomes doesn't always mean low real income though does it ?
Those who derive a large non taxable income from super are doing very nicely without getting another refund on top of that.
Through their own efforts and no burden on taxpayers unlike others who haven’t made the same effort and receive an aged pension with considerable associated benefits - courtesy of taxpayers.
same proof again .....it is divisive to have lots of sub-groups of taxpayers. (cos it is discriminatory)
"no burden on taxpayers" ?
A retiree receiving $100k pa super pays no tax while someone earning that amount through personal exertion pays about $30k a year.
quietly ...it IS the grossed up figure that is already used in ur tax return ........Perhaps the it would be fairer if companies paid no tax then all taxpayers could include their dividends in their tax returns.
Amazing isn’t it? One person can save enough through personal exertion to earn $100,000 pa in retirement while another can receive $25,000 plus in retirement as a government pension and pay no tax.
That irrelevant to the refund imputation credits as the tax has already been paid by the company. Perhaps the it would be fairer if companies paid no tax then all taxpayers could include their dividends in their tax returns.
I agree, it is funny how those who have paid very little tax, object to those who have paid a lot of tax getting anything.Amazing isn’t it? One person can save enough through personal exertion to earn $100,000 pa in retirement while another can receive $25,000 plus in retirement as a government pension and pay no tax.
That irrelevant to the refund imputation credits as the tax has already been paid by the company. Perhaps the it would be fairer if companies paid no tax then all taxpayers could include their dividends in their tax returns.
Amazing isn’t it? One person can save enough through personal exertion to earn $100,000 pa in retirement while another can receive $25,000 plus in retirement as a government pension and pay no tax.
Agreed but surely in this era of massive data about everyone and everything it should be straightforward to sort out who is and who is not earning less than $x from all sources. Arguments based around administrative complexity don’t really cut it in 2018.Low taxable incomes doesn't always mean low real income though does it ?
Those who derive a large non taxable income from super are doing very nicely without getting another refund on top of that.
essentially correct.Is the age pension exempt from tax ?
I agree, it is funny how those who have paid very little tax, object to those who have paid a lot of tax getting anything.
Neither do I , but at the moment we have no idea how many such people there are and what sort of refund they usually get as to whether it would be a great loss to them.
Maybe Labor have done their sums on it I don't know. As we get closer to the election maybe people adversely affected by it will speak up.
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