These figures are less than useless. I have been playing about with them. Take, as an example of the stupidity, the line for those 360,000 appearing in the tax bracket of $18,201 - $37,00. It is claimed they receive $800 million dollars franking credits refunded. For that to be the case, this would require them to have $120,000 in savings which, if they returned 5% in dividends (overly generous figure to use really) all of which incur franking credits then each of them have $2,200 (all figures averages, of course). In order to receive such a level of franking credits then, as stated above, dividends received would need to be on a fully franked portfolio of $150,000.
This doesn't mean that the entire $800 million is now no longer available to them. The vast majority would be used to pay down owed tax (as it exists today) and if any surplus franking credits remain, then it is that surplus which vanishes in terms of being cash returned. Without knowledge of this, then the above table is definitely useless in order to draw any conclusions from it. It certainly cannot be used to imply that the entire $800 million is forfeited as a refund.
I am presuming all other lines in this table are equally absurd. And why? Because it is being used in a fraudulent manner if what is being suggested is that all those figures in the right column are amounts which will go to the government - MISLEADING, FRAUDULENT. I am not suggesting the Treasury figures are wrong but any attempt to use them in a misleading manner is WRONG, FRAUDULENT, DISHONEST, AND B....S......TT
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