WGB

1.74%

$2.26 wam global limited

Ann: June 2021 Investment Update, page-40

First 40 Last

peejay2

5,116 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

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

TVN

Tivan to kick off maiden drilling for lead and silver at Sandover, NT, in Q4 CY24

SPQ

Superior finds multi-lode shoot system at QLD's Steam Engine gold play

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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 $2.26		Change -0.040(1.74%)		Mkt cap ! $817.0M

Open	High	Low	Value	Volume
$2.29	$2.29	$2.25	$492.4K	216.4K

Buyers (Bids)

No.	Vol.	Price($)
3	34888	$2.25

Sellers (Offers)

Price($)	Vol.	No.
$2.27	37800	4

View Market Depth

No.	Vol.	Price($)
7	99482	2.270
4	16324	2.260
6	39888	2.250
1	440	2.240
1	353	2.230

Price($)	Vol.	No.
2.280	18945	3
2.290	9000	3
2.300	16670	2
2.310	55961	5
2.320	110000	2

Last trade - 10.44am 03/10/2024 (20 minute delay)

WGB (ASX) Chart

Ann: June 2021 Investment Update, page-40

Case Study #1 - Fully Franked

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Tivan to kick off maiden drilling for lead and silver at Sandover, NT, in Q4 CY24

Superior finds multi-lode shoot system at QLD's Steam Engine gold play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: June 2021 Investment Update, page-40

Case Study #1 - Fully Franked

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Tivan to kick off maiden drilling for lead and silver at Sandover, NT, in Q4 CY24

Superior finds multi-lode shoot system at QLD's Steam Engine gold play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News