IMO the Billionaires like Reinhart, Twiggy, Palmer etchave their...

  1. 21,921 Posts.
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    IMO the Billionaires like Reinhart, Twiggy, Palmer etc
    have their wealth tied up in their mining company shares
    of wish annual gains are not taxed; only dividends that are
    already franked..

    This leads to a situation where even on dividends
    someone like twiggy pays 15% tax (his income) where
    that average Aussie striving to make ends meet on PAYE
    os paying nearly 3 times that tax rate.

 
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