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07/08/19
08:37
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Originally posted by ezirida:
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under the LABOR proposal dividend franking credits were still applicable it was the cash refund of such credits under a taxable threshold that was going to be phased out please do the research and clearly understand the policy the ignorance of people constantly bleating about franking credits --- they were still going to be deductable against your taxable income !!!! No one is taking them away No one is taking away your dividends...!!!!!! You still receive them !!!!! you and the nation got sold a PUP and that was the belief that the LABOR was going steal your money secondly.. negative gearing + the cap gains discount fallacy existing neg gearing grandfathered ( no impact) future neg gearing on new build only ( big deal this actually makes sense) cap gains discount reduced from 50 % to 25 % after 12 month hold ( again no big deal .. no effect on most property owners primary residential mums and dads etc.. only taps the big end on turnover of investment properties.. does effect Share traders / investors holding for longer than 12 months - but only if they make a gain and again it's only a tax on money being made ! so a 60k gain sees tax on 45 K rather than 30 K .. wow are we that greedy ? For example, in theory, on 60k gain after 12 months we would get to pocket 15 K freehold and pay a maximum of 16k on the taxable 45k (at 37.5% marginal rate) not even considering allowable deductions... thus pocketing at least 44k of our 60k gain... That is still bloody fair in my book.. Currently, we pocket 30k free hold and pay max 11.5K on the taxable 30k for a NET 48.5k so I get that on massive transactions this negligible difference becomes more significant but again I wonder.. if we are paying tax, aren't we making money ?????? don't we have to reasonably consider tweaks to the system that benefit the system over all ? again AUS public got sold a PUP .. you fell for your ignorant belief that the LNP has got your back .. you are sadly mistaken It proves the UN deniable and depressing fact that the Australian public including many financially literate 'investors' failed to grasp the potential of these reforms to square the ledger, balance the flow of receipts and correctly and fairly spread the taxation base This would have also allowed the real estate market to re balance as a 'market' should, rather than being propped by incompetent central bank ( extraordinarily believed that lower interest rates would not over inflate property ????? .. this is our RBA ??? ) well it turns out that property is indeed, the only thing that experienced 'inflation' and not through improved product, ( I would argue the standard of housing has declined significantly) not through increased demand, or decreasing supply, not because of increasing wages, what then ?? cheap money + speculation LNP are addicted to this formula Scare the public into thinking their increasing asset bubble is under threat and keep our borders safe = win elections Australia you got sold a PUP .. and you voted for it interest rate spread is of course a massive factor in the exchange rate but so is policy.. unemployment rate, retail sales, balance of trade, wage growth, export growth, import growth, local manufacturing, raw materials, education industry, perceived strength of financial system, national debt, household debt etc etc all of the above are key factors in exchange rates and all of the above underpin and or directly influence our AUD vs USD John Howard started the 'dumbing down' of Australia and it looks like it's going to continue for a while yet Either Bill Shorten failed miserably to sell reform or Australia simply just wasn't listening Ezi
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' Scare the public into thinking their increasing asset bubble is under threat and keep our borders safe = win elections Australia you got sold a PUP .. and you voted for it ' and how good did they do it and how badly did shorten and bowen sell bad legislation now lets not forget the blatant mediscare lie campaign