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JonnoH

16,319 Posts.

5

25/05/15

13:57

Post #: 15345438
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Originally posted by moondoong ↑

jonnoh, think with your own brain before posting.

Of course they are a nett negative on the tax receipts.

Same as anyone using the franking credit to offset their tax.

The whole system is designed to allow tax paid on company profits to be only taxed once.

You cannot single out 1 group and say they are costing government money, when everyone who is using franking credits are doing the same. That is how the system is set up. If you don't like it, then argue for double taxation of company profits.

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The only group I am singling out are those on less than 30% tax rates. That includes the unemployed, retirees, bums, mums, super funds and the like.
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