Australian Politics Forum - In Many Cases, Its Welfare For The Wealthy

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: In Many Cases, Its Welfare For The Wealthy
Reply #240 - Feb 13^th, 2019 at 5:44pm

John Smith wrote on Feb 13^th, 2019 at 5:18pm:

crocodile wrote on Feb 13^th, 2019 at 9:10am:

So in that case Jill is below the threshold for paying income tax yet she is not entitlled to a refund on the tax she has already paid

can i get a refund on GST I've paid if my taxable income falls below the threshold? Why are shareholders so shppecial?

GST is a consumption tax you fukking idiot

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

crocodile Gold Member Offline Australian Politics Posts: 6683 Gender:	Re: In Many Cases, Its Welfare For The Wealthy Reply #241 - Feb 13^th, 2019 at 7:21pm .
Back to top	Very funny Scotty, now beam down my clothes. IP Logged

Auggie

Gold Member

Offline

The Bull Moose

Posts: 8571

Re: In Many Cases, Its Welfare For The Wealthy
Reply #242 - Feb 13^th, 2019 at 7:28pm

aquascoot wrote on Feb 5^th, 2019 at 8:32am:

philperth2010 wrote on Feb 5^th, 2019 at 8:23am:

aquascoot wrote on Feb 5^th, 2019 at 8:16am:

if you leave more money with the noble small businessman, he will expand the business and employ more australians .

if you give more money to the scrubby citizen (the pensioner, the unemployed, the public servant or the chode unionist), they will buy trinkets from china to pleasure themselves and they will employ more chinese

So in your limited opinion giving more to those who already have everything is your idea of a fair Australia....How many Chinese do the unemployed employ???

Huh

rich people dont buy trinkets, play pokies and buy smokes.
they pour excess cash back into the business.

google mckenna transport in brisbane which started with 1 truck and now has 200.
employing lots of aussies.

take away his extra cash and give it to the "non wealth creators" and it all evaporates.
it is spent on rubbish that employs no one in oz and builds nothing and achieves nothing.

if you had a team of racehorses and one was a champion , would you give them all the same feed and vet care. of course not.
the wealth creator must be treated the best.
ITS CREATING ALL THE WEALTH TO FEED THE OTHERS Wink

So, let's just steralise all the undesirables in society - the lazy, the impotent, the miscreants, the deplorables, so that we can usher in an utopia where everyone is rich and has plenty....

Back to top

The Progressive President

IP Logged

stunspore

Gold Member

Offline

Australian Politics

Posts: 5097
Gender: male

Re: In Many Cases, Its Welfare For The Wealthy
Reply #243 - Feb 13^th, 2019 at 8:26pm

crocodile wrote on Feb 13^th, 2019 at 5:44pm:

John Smith wrote on Feb 13^th, 2019 at 5:18pm:

crocodile wrote on Feb 13^th, 2019 at 9:10am:

So in that case Jill is below the threshold for paying income tax yet she is not entitlled to a refund on the tax she has already paid

can i get a refund on GST I've paid if my taxable income falls below the threshold? Why are shareholders so shppecial?

GST is a consumption tax you fukking idiot

And that somehow matters. Everything can be resolved as "something that increases your money" and "something that decreases your money". Somehow certain amounts of money categorised in some way makes people obstinate.
Mostly political/self interest rather than "good for australia" that the coalition is arguing against the franking credits.

Back to top

IP Logged

John Smith

Gold Member

Offline

Australian Politics

Posts: 78083
Gender: male

Re: In Many Cases, Its Welfare For The Wealthy
Reply #244 - Feb 13^th, 2019 at 8:36pm

crocodile wrote on Feb 13^th, 2019 at 5:44pm:

John Smith wrote on Feb 13^th, 2019 at 5:18pm:

crocodile wrote on Feb 13^th, 2019 at 9:10am:

So in that case Jill is below the threshold for paying income tax yet she is not entitlled to a refund on the tax she has already paid

can i get a refund on GST I've paid if my taxable income falls below the threshold? Why are shareholders so shppecial?

GST is a consumption tax you fukking idiot

a tax is a tax is a tax. You're trying to justify one tax for one group of people, while overlooking another tax for another. I don't give a bugger if shareholders like you pay tax. For to long you've been profiting from other taxpayers. Screw you. Pay your tax or bugger off to the caymans.

Back to top

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

IP Logged

John Smith

Gold Member

Offline

Australian Politics

Posts: 78083
Gender: male

Re: In Many Cases, Its Welfare For The Wealthy
Reply #245 - Feb 13^th, 2019 at 8:39pm

lee wrote on Feb 13^th, 2019 at 5:29pm:

No petal. Because GST is on your purchases completely unrelated to your income.

no it's not. The more income, the more I spend, the more GST I pay. Derrrr.

lee wrote on Feb 13^th, 2019 at 5:29pm:

You could of course spend above your income and claim a GST credit, if in business, but somebody will come after you, if you can't pay the debt.

those sorts of loopholes aren't available to wage earners.

lee wrote on Feb 13^th, 2019 at 5:29pm:

They are not as St Paul of Keating said it was to prevent double taxation on dividends.

St Paul in this case was wrong.

lee wrote on Feb 13^th, 2019 at 5:29pm:

If a person falls below the tax free threshold that tax was still paid. So that in effect the taxpayer would be paying double taxation and at a higher than normal rate.

Exactly, If i fall below the threshold I still have to pay GST. Glad you finally figured it out. Roll Eyes

Back to top

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

IP Logged

John Smith Gold Member Offline Australian Politics Posts: 78083 Gender:	Re: In Many Cases, Its Welfare For The Wealthy Reply #246 - Feb 13^th, 2019 at 8:41pm aquascoot wrote on Feb 5^th, 2019 at 8:32am: rich people dont buy trinkets, play pokies and buy smokes. they pour excess cash back into the business. what a load of crap.
Back to top	Our esteemed leader: I hope that bitch who was running their brothels for them gets raped with a cactus. IP Logged

lee

Gold Member

Offline

Australian Politics

Posts: 19663
Gender: male

Re: In Many Cases, Its Welfare For The Wealthy
Reply #247 - Feb 13^th, 2019 at 8:53pm

John Smith wrote on Feb 13^th, 2019 at 8:39pm:

lee wrote Today at 3:29pm:
No petal. Because GST is on your purchases completely unrelated to your income.

no it's not. The more income, the more I spend, the more GST I pay. Derrrr.

Yes petal. related to your spendings. Not your income. Unless of course you pay 20% on your spendings. That would be a tax related to your income because it is above the norm. Wink

John Smith wrote on Feb 13^th, 2019 at 8:39pm:

lee wrote Today at 3:29pm:
You could of course spend above your income and claim a GST credit, if in business, but somebody will come after you, if you can't pay the debt.

those sorts of loopholes aren't available to wage earners.

Well you could if you put it on the credit card. Again you would have to pay it back.

John Smith wrote on Feb 13^th, 2019 at 8:39pm:

lee wrote Today at 3:29pm:
They are not as St Paul of Keating said it was to prevent double taxation on dividends.

St Paul in this case was wrong.

What the World's Greatest treasurer wrong? Heresy. Grin

John Smith wrote on Feb 13^th, 2019 at 8:39pm:

lee wrote Today at 3:29pm:
If a person falls below the tax free threshold that tax was still paid. So that in effect the taxpayer would be paying double taxation and at a higher than normal rate.

Exactly, If i fall below the threshold I still have to pay GST. Glad you finally figured it out.

Yes petal because it is a tax on spendings not income. I tried to help, but you are beyond it. Wink

Back to top

IP Logged

lee Gold Member Offline Australian Politics Posts: 19663 Gender:	Re: In Many Cases, Its Welfare For The Wealthy Reply #248 - Feb 13^th, 2019 at 8:55pm John Smith wrote on Feb 13^th, 2019 at 8:36pm: Pay your tax or bugger off to the caymans. Poor petal. Hasn't yet understood that the Cayman's have a tax information sharing agreement with Australia.
Back to top	IP Logged

Frank

Gold Member

Offline

Australian Politics

Posts: 54231
Gender: male

Re: In Many Cases, Its Welfare For The Wealthy
Reply #249 - Feb 13^th, 2019 at 8:56pm

John Smith wrote on Feb 13^th, 2019 at 8:36pm:

crocodile wrote on Feb 13^th, 2019 at 5:44pm:

John Smith wrote on Feb 13^th, 2019 at 5:18pm:

crocodile wrote on Feb 13^th, 2019 at 9:10am:

So in that case Jill is below the threshold for paying income tax yet she is not entitlled to a refund on the tax she has already paid

can i get a refund on GST I've paid if my taxable income falls below the threshold? Why are shareholders so shppecial?

GST is a consumption tax you fukking idiot

a tax is a tax is a tax. You're trying to justify one tax for one group of people, while overlooking another tax for another. I don't give a bugger if shareholders like you pay tax. For to long you've been profiting from other taxpayers. Screw you. Pay your tax or bugger off to the caymans.

Gino is dermined to always be the voice of the the bloody minded frikken idiot constituency.
It's his role in life.

Back to top

Estragon: I can’t go on like this.
Vladimir: That’s what you think.

IP Logged

John Smith Gold Member Offline Australian Politics Posts: 78083 Gender:	Re: In Many Cases, Its Welfare For The Wealthy Reply #250 - Feb 13^th, 2019 at 9:15pm Frank wrote on Feb 13^th, 2019 at 8:56pm: Gino is dermined to always be the voice of the the bloody minded frikken idiot constituency. It's his role in life. Sorry but you'll have to find someone else to represent you.
Back to top	Our esteemed leader: I hope that bitch who was running their brothels for them gets raped with a cactus. IP Logged

John Smith

Gold Member

Offline

Australian Politics

Posts: 78083
Gender: male

Re: In Many Cases, Its Welfare For The Wealthy
Reply #251 - Feb 13^th, 2019 at 9:16pm

lee wrote on Feb 13^th, 2019 at 8:55pm:

John Smith wrote on Feb 13^th, 2019 at 8:36pm:

Pay your tax or bugger off to the caymans.

Poor petal. Hasn't yet understood that the Cayman's have a tax information sharing agreement with Australia.

WTF? I told you to bugger of to the caymans, I didn't say send your money to the Caymans. You idiot.

Back to top

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

IP Logged

John Smith

Gold Member

Offline

Australian Politics

Posts: 78083
Gender: male

Re: In Many Cases, Its Welfare For The Wealthy
Reply #252 - Feb 13^th, 2019 at 9:18pm

lee wrote on Feb 13^th, 2019 at 8:53pm:

Yes petal. related to your spendings. Not your income. Unless of course you pay 20% on your spendings. That would be a tax related to your income because it is above the norm. Wink

and your spending is related to your income, no? Roll Eyes

lee wrote on Feb 13^th, 2019 at 8:53pm:

What the World's Greatest treasurer wrong? Heresy. Grin Grin Grin Grin Grin Grin

everybody is wrong every now and then. Even St Paul

lee wrote on Feb 13^th, 2019 at 8:53pm:

Yes petal because it is a tax on spendings not income. I tried to help, but you are beyond it

you realise that repeating yourself isn't going to help you , right?

Back to top

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

IP Logged

Baronvonrort

Gold Member

Offline

Australian Politics

Posts: 19963
Gender: male

Re: In Many Cases, Its Welfare For The Wealthy
Reply #253 - Feb 13^th, 2019 at 9:31pm

philperth2010 wrote on Feb 13^th, 2019 at 5:13pm:

Baronvonrort wrote on Feb 12^th, 2019 at 9:44pm:

philperth2010 wrote on Feb 12^th, 2019 at 9:18pm:

Baronvonrort wrote on Feb 12^th, 2019 at 9:11pm:

philperth2010 wrote on Feb 12^th, 2019 at 9:02pm:

Baronvonrort wrote on Feb 12^th, 2019 at 8:42pm:

Sir Grappler Truth Teller OAM wrote on Feb 12^th, 2019 at 8:36pm:

philperth2010 wrote on Feb 12^th, 2019 at 8:19pm:

https://www.abc.net.au/news/2019-02-12/franking-credits-dividend-imputation-reti...

Bravo....

So those who are still working and haven't retired who don't make more than $37K a year will be screwed by this labor policy.

Why is labor slugging these poor people with a new tax, why do leftards support these poor people being slugged with a new tax?

Yeah because someone on $37K a year would have a massive self managed super fund and miss out on millions of $$$ from their franking credits

So you think a 35 year old who is only working part time taking home less than $25K a year should not be entitled to a refund on paying more tax than they should if some of that income is derived from franked shares?

Why are you ignoring those on low incomes who have not retired and a long way from retiring who will be affected by this grubby tax grab from Labor?

Quote:

Dividend imputation

Here's how it would work at today's tax rates.

Jill owns 1,000 Telstra shares
Over the period of a year she gets dividends of $265
To provide them, Telstra made a profit of $379 on which it paid $114 tax
Jill pays tax on the full $379 but gets a credit of $114 that can be taken off any other tax she owes that year
As with other tax credits, it can be used to cut Jill's tax bill as far as zero, but not to turn it negative. It can't be handed to her in cash.

So in that case Jill is below the threshold for paying income tax yet she is not entitlled to a refund on the tax she has already paid because it came from franked shares which idiots like you support.

If she earned that income from any other source she would be entitled to a refund for tax paid with her income tax return.

Why do you support taxing Jill because she made a paltry sum from Telstra shares?

Were does it say that....Jill can use the credit to reduce her tax to zero which eliminates the double taxation....Jill would be refunded any tax she had paid if her liability was reduced to zero....Jill only pays tax on money she earns and cannot offset like everyone else!!!

Huh

It's your example not mine it did not mention any other income, perhaps Jill is a stay at home mother whose only income was that paltry dividend from her Telstra shares.

At $265 her taxable income is well below the threshold for paying income tax yet according to this Labor policy she cannot get a refund on the $114 tax paid on her franked dividend for $265.

What part of no tax refunds with franked shares for people like Jill with this new tax from Labor do the doofuses on the Left fail to comprehend?

Dividends from shares are considered income by the tax dept where do you get this idiocy you can offset it?

This filthy new tax from Labor will only affect the poor people like Jill and anyone else on less than $37K a year who invested in shares.

Back to top

Leftists and the Ayatollahs have a lot in common when it comes to criticism of Islam, they don't tolerate it.

IP Logged

lee

Gold Member

Offline

Australian Politics

Posts: 19663
Gender: male

Re: In Many Cases, Its Welfare For The Wealthy
Reply #254 - Feb 13^th, 2019 at 9:31pm

John Smith wrote on Feb 13^th, 2019 at 9:16pm:

I told you to bugger of to the caymans, I didn't say send your money to the Caymans. You idiot.

No petal. You told crocodile. But so if croc buggered off the the Cayman's he would get his income transferred to there from any Australian investments. He would be taxed on the franked dividend. He would not be entitled to franking credits. But he would pay no income tax there. Wink

He could earn heaps and not pay income tax.

Back to top

IP Logged