"It comes from the tax the company has already paid. The dividend paid has already been reduced by that amount, this is merely refunding the tax already paid to avoid someone who shouldn't be paying tax, paying tax at the corporate rate."
so you agree its the the tax payer who pays, money that was a tax receipt payed out of the tax pool to someone who didnt pay any tax.
They are not getting rid of franking, so I wont even waste more time responding to that garbage.
What we currently have is an opportunity for the distribution of untaxed company profits. Who pays for that?
There are plenty of safety nets to support pensioners truly in need of support, we all know which group this is going to hit the most. The age of entitlement is over.
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Dishonest ALP Franking points, page-42
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