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13,097 Posts.
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24/08/11
12:21
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Hang on, are you agreeing with me CL27? Just checking :)
Assuming a $2,000 FC, that equates to a $4,666 dividend (2000 x 7/3) - assuming fully franked, which might not happen...
That implies a grossed-up dividend of 4,666 + 2,000 = $6,666
@ 45% Marginal tax rate = 0.45 x 6,666 = $2,999.70 tax payable
LESS tax offset = 2,999.70 - 2,000 = $999.70 tax paid
@ 0% MRT = $4,666 in pocket. No tax paid.
Agree?
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