Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

Ann: Mt Cattlin Update-GXY.AX, page-187

First 187 Last

Share
Profile

Follow
RiC088

1,492 Posts.

228

09/09/16

08:26

Post #: 19039242
Share

Originally posted by stakx ↑

Hi @Rlith, I have a couple of questions you might like to answer to help me understand the US a little better. You mentioned in your blog that you are a contractor construction business. A little look into the tax system in the US shows that company tax is quite heavy on a sliding scale depending how much you earn. Here in Australia we have 30% flat with various deductions. What percentage of tax would you say you typically pay? More or less than 30%?
With your tax system would you say, it is better to trade shares in your company name or trade in your own name?
I see many posters here on Hotcopper say they try to keep their personal shares for more than 12 months to reduce their capital gains tax from 50% to 25%. For them this is gold as you pay half the tax but the downside is you have to keep the shares for 12 months without selling. Very tricky.... For me I prefer to look at trading in my company name, buy and sell as many times deemed necessary and only pay 30% tax. The gains are far better. Cheers stakx

Expand

WRONG. NO flat tax in australia

Here is a chart of the ATO tax rates for 2015-16:

GXY Price at posting: 39.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Shekel Brainweigh and Calmer Co lead innovations in the retail space

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

There are more pages in this discussion • 61 more messages in this thread...

First 187 Last

Add GXY (ASX) to my watchlist

SPONSORED BY