I gotta say Rocket your comment ...."I worry about Franking Credits, these grubs will try their hardest to raid the cookie jar." Is a little rich given it was only designed to stop double taxation and has turned into a rort for the wealthy so I don't think it's a good policy. I don't blame you for it nor wanting it to continue...
This policy of returning the 30% company tax paid to SH is clearly favoring the wealthy at the expense of all Aussie, a few years ago the Australian Institute found 17% of all refunds went to tax payers earning between $15-250k and 37% went to +$250k earners, I imagine it's even more skewed now.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://australiainstitute.org.au/wp-content/uploads/2020/12/Cashing-out-franking-credits-WEB.pdf&ved=2ahUKEwi4juji4Pb3AhWVH7cAHfDvAfoQFnoECBIQAQ&usg=AOvVaw1HZ8tx1ew4zm1n1o7BsKdP
So happy to see Tim Wilson suffer after spreading so much false information about the problem by losing his seat in recent election.
I gotta say Rocket your comment ...."I worry about Franking...
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| Last trade - 15.19pm 22/05/2024 (20 minute delay) ? |
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