If people that are in low incomes can not claim a refund, then they are in fact being taxed on their earnings, when their peers who happen to be earning income from other sources, eg bank interest, will not be taxed.
in my example, a person that earns $10,000 inside a company pays $3000 tax and only gets a $7000 dividend if they don’t get it the tax refunded, where as a person that earns $10,000 driving Uber or through bank interest gets to keep the whole $10,000.
how is this a fair treatment of earnings?
FMG to pay a Special Dividend..., page-58
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| No. | Vol. | Price($) |
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