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Labor hypocricy on franking credits exposed, page-41

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yogihc

15 Posts.

05/03/19

23:29

Post #: 37664393
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Originally posted by boomeronrations: ↑

Hi yogi,
About450 to 500k( for risk free indexed, presuming inflation and interest rates as they are).
Deductions and tax concessions on earnings, and the compounded earnings on those concessions, tend not to reach these levels until you reach a tad north of the assets test range. It is these people that are being hit the most by the measure, so, I would agree, the most likely to be pi##ed off with some justification.
Those coming into pension age post March 18, and a smsf also unlikely to be happy.

I would still think the policy is very unlikely to go thru in its present form, and I think the ALP underestimates the number of people who will be unhappy, in that I don't think they have factored in those who hoped to benefit from the present policy ie: a lot of 45 to 58 year Olds.
These are also the group that may change their outlook, and aim for a partial pension ,at least, when they might not have.
. Cheers

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I hope you’re right boomeronrations but I have an ugly feeling that Labour will pluck the feathers of geese like me because those who don’t understand or don’t care will be right behind them on this issue.
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