The situation In which some poor wage slob on $40K pays tax and those living off investments pay no tax and then receive a cheque for any tax their invested companies paid is a joke.
Does not that poor slop have his first $19000 tax free?
Someone earning $19000 including franking credits will only get to keep around $13000 (income declared at tax time for the year is $19000)
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Price($) | Vol. | No. |
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Change
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