Joe and Mary save hard and accumulate $1 million in their SMSF. They invested that into the CBA and receive $50,000 a year plus their franking credits of $21,000. So they get around $36,000 pa each.
Labors policy to not give them those franking credits back when they hadnt paid tax to offset them against would see their income cut to $25,000 each.
So they would rely on some pension income to survive no doubt.
Add to that stupid policy the negative gearing debacle and you have a recipe for how to lose the unlosable election by harming the small folk trying to get ahead and provide for their own future.
They went to the election with those stupid policies so you know its what they believe and what they will do if given power.
In addition to that they will screw the coal industry and the mortgage industry to name a few.
Take care with your vote.
Joe and Mary save hard and accumulate $1 million in their SMSF....
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