@pearty
If Nolan gets "paid" franking credit, he means he gets a refund at tax time... you know when we all balance the books.
By the tax rates above we can see that he doesn't "earn" much of an "income", therefore he can claim a refund. Hope this helps.
PS: The 43% is a very crude way to do it. You "should" work it out like this "Dividend / .7" this will equal the whole (divi and credit) amount is 100% basis. To work out the credit amount just take away the divi "Dividend / .7 - Dividend".
The "credit" is the company tax 30% that the company has paid for that profit to them be given to the shareholder, it stops double taxation.
But alas, once again Nolan is objectively wrong and leading people up the garden path (whether on purpose or not; who knows?)
Cheers.
@peartyIf Nolan gets "paid" franking credit, he means he gets a...
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