WGB

1.76%

$2.23 wam global limited

Ann: June 2021 Investment Update, page-40

First 40 Last

peejay2

5,172 Posts.

404

23/07/21

20:54

Post #: 54733877

Originally posted by krugerrands: ↑
Excellent, getting a bit more self aware I see because you are indeed a hamster running on a wheel.

You refuse to even answer a simple question that will show that you understand how dividends are taxed in the hands of the taxpayer.

Probably because you don't do your own tax, the accountant does it for you.
If you don't understand how tax assessments are done you won't understand my opening statement and why franked dividends are irrelevant from a taxpayer perspective...only the gross dividend yield and personal effective tax rate matters.

There is no theory here... only facts and reality.

To take a practical example we will take average Joe who earns $80K

https://paycalculator.com.au/ will give you a very accurate idea of the tax payable on 80K
Marginal tax rate at this income level is 32.5%.( excluding medicare )
Tax amount payable on this amount is $16,987.00 ( includes medicare )
That is an effective tax rate of 21.23%

Apply that to the question you refuse to answer.

1. unfranked - company X pays you a $100 dividend.
after tax assessment, how much do you have in your pocket?

Amount included as taxable income in your tax assessment is $100.
Joe has no tax credits.

He already has the $100 dividend paid to him in his account.
Tax payable on the $100 dividend is ~$21.23 payable to the ATO
You are left with ~$78.76.

2. franked - company Y pays you a $100 dividend ( $70 on payment date, $30 credit with ato).
after tax assessment, how much do you have in your pocket?

Amount included as taxable income in your tax assessment is $100
Joe has $30 in tax credits.

He already has the $70 paid to him from the company in his account.
The payable tax is calculated on the grossed up $100 and is ~$21.23
Since he alread has tax withheld of $30..... $30-~$21.23.
He gets a $8.77 refund and thinks it is the greatist thing since sliced bread.
$70 + $8.77 = $78.76
You are left with ~$78.76

Exactly the same amount.
Get off the wheel and show anything above that is factually incorrect.
Expand
Case Study #1 - Fully Franked
- BHP pays a fully franked dividend of $1.50 per share.
- On 4,500 shares this equates to $6,750 dividends paid with $2,892 of attached franking credits.
Investor #1 Investor #2 Investor #3
Dividends Paid $6,750 $6,750 $6,750
Franking Credits $2,892 $2,892 $2,892
Taxable Income (DPS + FC) $9,642 $9,642 $9,642
Marginal Tax Rate 15% 30% 45%
Gross Tax Payable $1,446 $2,892 $4,338
Tax Payable (Refund) ($1,446) $0 $1,446

		Investor #1	Investor #2	Investor #3
Dividends Paid	$6,750	$6,750	$6,750
Franking Credits	$2,892	$2,892	$2,892
Taxable Income (DPS + FC)	$9,642	$9,642	$9,642
Marginal Tax Rate	15%	30%	45%
Gross Tax Payable	$1,446	$2,892	$4,338
Tax Payable (Refund)	($1,446)	$0	$1,446

WGB Price at posting: $2.69 Sentiment: Hold Disclosure: Held

1 Upvote

0 Great analysis

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

There are more pages in this discussion • 59 more messages in this thread...

First 40 Last

Add WGB (ASX) to my watchlist

(20min delay)
Last $2.23		Change -0.040(1.76%)		Mkt cap ! $792.2M

Open	High	Low	Value	Volume
$2.26	$2.27	$2.23	$586.8K	261.1K

Buyers (Bids)

No.	Vol.	Price($)
6	36083	$2.23

Sellers (Offers)

Price($)	Vol.	No.
$2.25	7500	2

View Market Depth

No.	Vol.	Price($)
6	36083	2.230
3	9684	2.220
5	17688	2.210
2	33000	2.200
1	8900	2.190

Price($)	Vol.	No.
2.250	7500	2
2.260	7887	3
2.270	74883	5
2.280	56249	7
2.290	1200	2

Last trade - 16.10pm 04/11/2024 (20 minute delay)

WGB (ASX) Chart

Ann: June 2021 Investment Update, page-40

Case Study #1 - Fully Franked

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: June 2021 Investment Update, page-40

Case Study #1 - Fully Franked

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News