Shorten Tax Grab, page-12

This idiot doesn’t realise that many plebs - like me - have shares in their wives name because they don’t earn an income above $18 grand from their term deposits ect. Yet he will allow the working family to pay no taxes!

Shareholders will demand to be paid non-franking dividends that will delay the transfer of monies to the govt from the individual until till tax time. This larger dividend would start earning income earlier.

The only option that I can see is to transfer all of my shares back to me, to take advantage off the franking credit even thou I’m retired, I will earn above the $18 or $32 grand threshold.

I don’t think the twit knows the definition off the word 'rich'!

From my point of view as a pleb, pensioners couple who are entitled to the full pension are receiving a millionaire’s income.

Its a guaranteed income with out any fluctuations or risks involved. These pensioners are basically be better off then a conservative self-funded retirees who’s investing strategies are solely relying on the deeming rate.

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