Australian (ASX) Stock Market Forum

Maintain the current dividend imputation system

As a taxpayer couldn’t you use the credits?
humid bloke is correct when they say that someone on welfare will get FULL use of those credits ....
and a high income worker will also get FULL use of the credits ......

for australian workers, this labor policy ONLY takes money away from those in the low and middle.

it means that the poorer workers will pay tax on money that they NEVER RECEIVE.
 
Too many joint replacements to pass a medical, even Bunnings won't take me. Lol
Lol
Nah labour hire is tick and flick just get a letter from your own GP which lets the work quack off the hook
Escape the cold and the Mrs
Free food
Cake.....lots of cake
Fish&chip Fridays
All these remote joints have gas turbines
Get on board Homer
 
All people over 60 are paying absolutely no tax on superannuation income that could be $100k or more.

Try explaining that to people working for a living that they are subsidising people not contributing to the services that others have to pay for.
red herring
those zero tax peeps will still be zero tax peeps after this ........ if ur problem is with zero tax then address zero tax (not franking credits)
 
humid bloke is correct when they say that someone on welfare will get FULL use of those credits ....
and a high income worker will also get FULL use of the credits ......

for australian workers, this labor policy ONLY takes money away from those in the low and middle.

it means that the poorer workers will pay tax on money that they NEVER RECEIVE.

What sort of income do you call low and middle?
 
credits form part of assessable income

do peeps really want a society where we pay tax on income that we can NEVER receive?

that is the result of this idea.

(humid - ato has definitions for low income peeps ...they have special money for low income peeps ....... they have special money till about $66K for low income peeps ...... it is all part of what happens when australians do a tax return each year ...... the thing where taxable is worked out .....to work out tax owing ....... by using the tax tables)
 
Lol
Nah labour hire is tick and flick just get a letter from your own GP which lets the work quack off the hook
Escape the cold and the Mrs
Free food
Cake.....lots of cake
Fish&chip Fridays
All these remote joints have gas turbines
Get on board Homer
Do you have the name of a couple of the hire companies, that are ok?
 
credits form part of assessable income

do peeps really want a society where we pay tax on income that we can NEVER receive?

that is the result of this idea.

(humid - ato has definitions for low income peeps ...they have special money for low income peeps ....... they have special money till about $66K for low income peeps ...... it is all part of what happens when australians do a tax return each year ...... the thing where taxable is worked out .....to work out tax owing ....... by using the tax tables)

You mean without employment
 
You mean without employment
i mean what is currently included as assessable income in the annual tax return that most peeps fill out - it the first part of the tax forms that has numbers in it - the section where peeps put in the income figures from the various income sources. They all get added together at present - to produce a single income figure (that is used to calc taxable income)

maybe there is a lack of understanding of what numbers are included in the "Income Section" of tax returns.

(peeps do realise that both Kathy and Cathy had the exact same assessable income in that other thing of blokes)
 
High income earner - no change in tax paid
welfare person - no change in tax paid

low income worker - may pay more tax
middle income worker - may pay more tax
self funded retiree - may pay more tax

which category of those does bowen and shorten fall into? ..........."let them eat cake"
 
All people over 60 are paying absolutely no tax on superannuation income that could be $100k or more.

Try explaining that to people working for a living that they are subsidising people not contributing to the services that others have to pay for.

Which in my opinion has nothing to do with franking credit refunds and everything to do with the tax rates applied to Superannuation.

Why not focus on the real issue at hand which is taxation of Super?
 
i mean what is currently included as assessable income in the annual tax return that most peeps fill out - it the first part of the tax forms that has numbers in it - the section where peeps put in the income figures from the various income sources. They all get added together at present - to produce a single income figure (that is used to calc taxable income)

maybe there is a lack of understanding of what numbers are included in the "Income Section" of tax returns.

(peeps do realise that both Kathy and Cathy had the exact same assessable income in that other thing of blokes)

And a little further down there’s a bit called total tax withheld from memory and if you have a job there’s a good chance it will contain some numbers
 
Top