Labor hypocricy on franking credits exposed, page-39

  1. 15 Posts.
    To be perfectly accurate as you point out it should be judged against a lifetime annuity.  How much does a lifetime annuity cost that gives an indexed income of $23,823.80? 
    The point is that a pensioner doesn’t have to save that amount of money to gain that income and I certainly did not receive the same amount in tax deductions whilst contributing to my super.
    That’s why it’s unfair!
 
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