Australian Politics Forum - Labor Smashing Pensioners for foreign AID...

President Elect, The Mechanic

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Labor Smashing Pensioners for foreign AID...
Mar 14^th, 2018 at 9:02pm

Quote:

Bill Shorten and Labor want to raise taxes on pensioners and retirees to fund its promise to increase Australia's foreign aid spending by billions of dollars.

It seems Labor has hired a potato to come up with their new policies!

Penny Wong has promised to "rebuild" the foreign aid budget.

Let's look at what that actually means. If our foreign aid spending is returned to levels it reached under the Rudd/Gillard Labor government and then simply maintained for ten years,
it would cost the Australian taxpayer well over $20 BILLION!

Looks like Labor have singled out Aussie pensioners as they ones who have to pay for their foreign aid promises!

fair dinkum...

what halfwit would vote Labor to betray hard working Australians??? Angry

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Q

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Its time Gold Member Offline Boot libs out Posts: 25639 Gender:	Re: Labor Smashing Pensioners for foreign AID... Reply #1 - Mar 14^th, 2018 at 9:41pm Fukem they mostly vote libtards anyway
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Its time Gold Member Offline Boot libs out Posts: 25639 Gender:	Re: Labor Smashing Pensioners for foreign AID... Reply #2 - Mar 14^th, 2018 at 9:55pm They only get a pension because of labor and the unions, entitled kunts
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philperth2010 Gold Member Online Australian Politics Posts: 19629 Perth Gender:	Re: Labor Smashing Pensioners for foreign AID... Reply #3 - Mar 14^th, 2018 at 10:02pm What Penny Wong said.... https://www.pennywong.com.au/transcripts/abc-news-the-world-2/
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philperth2010

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Re: Labor Smashing Pensioners for foreign AID...
Reply #4 - Mar 14^th, 2018 at 10:07pm

Another bullshit spin despite already having an existing thread....How transparent!!!

Roll Eyes

Quote:

"Let me be very clear about this, Labor created dividend imputation, we understand its value and we will maintain it," he will say.

"Everyone will still be able to use imputation credits to reduce their tax, but not to claim cash refunds.

"A small number of people will no longer receive a cash refund but they will not be paying any additional tax."

http://www.afr.com/news/labor-to-end-share-dividend-cash-perk-in-59b-grab-201803...

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If knowledge can create problems, it is not through ignorance that we can solve them.
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lee Gold Member Offline Australian Politics Posts: 16425 Gender:	Re: Labor Smashing Pensioners for foreign AID... Reply #5 - Mar 14^th, 2018 at 10:07pm Its time wrote on Mar 14^th, 2018 at 9:55pm: They only get a pension because of labor and the unions, entitled kunts So Labor giveth and Labor taketh away. What else is new.
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Gordon Gold Member Offline Australian Politics Posts: 20230 Gordon Gender:	Re: Labor Smashing Pensioners for foreign AID... Reply #6 - Mar 14^th, 2018 at 10:08pm Its time wrote on Mar 14^th, 2018 at 9:41pm: Fukem they mostly vote libtards anyway Nice
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lee

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Re: Labor Smashing Pensioners for foreign AID...
Reply #7 - Mar 14^th, 2018 at 10:13pm

philperth2010 wrote on Mar 14^th, 2018 at 10:07pm:

"A small number of people will no longer receive a cash refund but they will not be paying any additional tax."

But isn't a refund denied an additional tax? It means that whatever amount of money they earned they are now effectively taxed at a higher rate to deny them that refund.

The dividend imputation means those funds belong to the share owner.

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philperth2010

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Re: Labor Smashing Pensioners for foreign AID...
Reply #8 - Mar 14^th, 2018 at 10:16pm

lee wrote on Mar 14^th, 2018 at 10:07pm:

Its time wrote on Mar 14^th, 2018 at 9:55pm:

They only get a pension because of labor and the unions, entitled kunts

So Labor giveth and Labor taketh away. Grin

What else is new.

Labor propose to change the policy back to it's original purpose until Howard f@#ked it so your analogy is wrong....The Coalition only have cuts to health and education to find savings yet you see no problem with that???

Roll Eyes

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If knowledge can create problems, it is not through ignorance that we can solve them.
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lee Gold Member Offline Australian Politics Posts: 16425 Gender:	Re: Labor Smashing Pensioners for foreign AID... Reply #9 - Mar 14^th, 2018 at 10:43pm philperth2010 wrote on Mar 14^th, 2018 at 10:16pm: Labor propose to change the policy back to it's original purpose until Howard f@#ked it so your analogy is wrong. Nope. Not wrong. If you think it wrong please point to how a refund denied is NOT a de facto tax increase. Oh, You believe St Paul?
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lee

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Re: Labor Smashing Pensioners for foreign AID...
Reply #10 - Mar 14^th, 2018 at 11:24pm

"But get this, since almost all the shareholders of small and medium-sized companies get franking credits, the reduced measure's net cost to the budget (less company tax collections, offset by a corresponding reduction in franking credits) is likely to be minor.

It's only when you're handing tax cuts to the foreign shareholders in much bigger companies, as originally planned, that the (mainly unfunded) cost starts to mount up in later years."

https://www.smh.com.au/business/company-tax-cut-has-a-notsodirty-little-secret-2...

So St Paul really wanted to give the tax benefits to foreign investors. How nice of him.

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philperth2010

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Re: Labor Smashing Pensioners for foreign AID...
Reply #11 - Mar 14^th, 2018 at 11:39pm

lee wrote on Mar 14^th, 2018 at 10:43pm:

philperth2010 wrote on Mar 14^th, 2018 at 10:16pm:

Labor propose to change the policy back to it's original purpose until Howard f@#ked it so your analogy is wrong.

Nope. Not wrong.

If you think it wrong please point to how a refund denied is NOT a de facto tax increase.

Oh, You believe St Paul? Wink

Yes wrong....

Lee wrote....
Quote:

So Labor (Liberal) giveth and Labor taketh away.

Labor did not give the refund to millionaires they want to return it to it's original purpose....It was the wealthfare the Coalition gave that Labor proposes to remove....Nice try but a fail!!!

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If knowledge can create problems, it is not through ignorance that we can solve them.
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lee

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Re: Labor Smashing Pensioners for foreign AID...
Reply #12 - Mar 14^th, 2018 at 11:45pm

philperth2010 wrote on Mar 14^th, 2018 at 11:39pm:

Labor did not give the refund to millionaires they want to return it to it's original purpose.

So now the poor pensioner with a few shares is now a millionaire? You are simply too funny.

So only to benefit millionaires overseas. With its " (mainly unfunded) cost starts to mount up in later years."

Good ole St Paul. Grin

You realise it is pensioners who generally don't pay tax, and so pensioners who will not get the due imputation credit refund?
All this talk of millionaires is so much waffle. They will still get their refund. Unless it is in an SMSF.

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stunspore Gold Member Offline Australian Politics Posts: 5089 Gender:	Re: Labor Smashing Pensioners for foreign AID... Reply #13 - Mar 15^th, 2018 at 6:32am 17 years ago this franking thing started. Survived without it before.
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Sir Spot of Borg

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Re: Labor Smashing Pensioners for foreign AID...
Reply #14 - Mar 15^th, 2018 at 6:40am

lee wrote on Mar 14^th, 2018 at 11:45pm:

philperth2010 wrote on Mar 14^th, 2018 at 11:39pm:

Labor did not give the refund to millionaires they want to return it to it's original purpose.

So now the poor pensioner with a few shares is now a millionaire? You are simply too funny.

So only to benefit millionaires overseas. With its " (mainly unfunded) cost starts to mount up in later years."

Good ole St Paul. Grin

You realise it is pensioners who generally don't pay tax, and so pensioners who will not get the due imputation credit refund?
All this talk of millionaires is so much waffle. They will still get their refund. Unless it is in an SMSF.

And most pensioners do have a few shares cause of telecom

Spot

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