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Getting rid of franking credits will only disadvantage low to...

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albatrosss

20,154 Posts.

639

22/01/22

17:43

Post #: 59063101
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Originally posted by shares2: ↑

dividends are only fully franked if your income is under the taxable limit any dividend payed out after the taxable income limit is met is taxable i'e if a millionaire is living off dividends the franking credit goes away depending on their income ,one would assume if a millionaire is living off dividends their income would be high enough to be taxable = now my head hurts

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Getting rid of franking credits will only disadvantage low to middle wealth pensioners.
Its a big con on behalf of the communist labour party yo to say the ' rich' benefit from franking credits.
Its the middle wealth self funded retirees that get helped.
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