Australian Politics Forum - Investment Helping Millionaires Live Tax Free

lee

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Re: Investment Helping Millionaires Live Tax Free
Reply #75 - Mar 3^rd, 2019 at 2:03pm

John Smith wrote on Mar 3^rd, 2019 at 1:14pm:

are you that stupid that you need to ask the same thing over and over again?

No petal but you are for sayiing the same thing again and again.

John Smith wrote on Mar 3^rd, 2019 at 1:14pm:

not according to you they don't.

Poor John

That was in reply to - "Let the individuals pay their own taxes." Which is of course what they do - along with the difference between the 30% rate and their marginal rate. The dividends are taxed in the hands of the company and passed along.

John Smith wrote on Mar 3^rd, 2019 at 1:14pm:

the 'multiple sets' have to go and do their individual tax returns anyway.

No petal they get a dividend statement they don't need to do another accounting of company profits individually.

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John Smith

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Re: Investment Helping Millionaires Live Tax Free
Reply #76 - Mar 3^rd, 2019 at 2:13pm

lee wrote on Mar 3^rd, 2019 at 2:03pm:

No petal but you are for sayiing the same thing again and again.

the evidence suggests otherwise.

How many times did you ask about Keating now? Go on, ask again, I'm sure that'll do your credibility wonders Grin

lee wrote on Mar 3^rd, 2019 at 2:03pm:

That was in reply to - "Let the individuals pay their own taxes." Which is of course what they do - along with the difference between the 30% rate and their marginal rate. The dividends are taxed in the hands of the company and passed along.

what you mean to say is that the company is taxed and the after tax profit is then passed on in the form of dividends Cheesy

lee wrote on Mar 3^rd, 2019 at 2:03pm:

No petal they get a dividend statement they don't need to do another accounting of company profits individually.

No one suggested they do the company accounting individually. What part did you fail to understand when I said 'We're talking about tax returns here
, not P&L reports or balance sheets'.

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BigP

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Re: Investment Helping Millionaires Live Tax Free
Reply #77 - Mar 3^rd, 2019 at 2:15pm

John Smith wrote on Mar 3^rd, 2019 at 2:13pm:

lee wrote on Mar 3^rd, 2019 at 2:03pm:

No petal but you are for sayiing the same thing again and again.

the evidence suggests otherwise.

How many times did you ask about Keating now? Go on, ask again, I'm sure that'll do your credibility wonders Grin

lee wrote on Mar 3^rd, 2019 at 2:03pm:

That was in reply to - "Let the individuals pay their own taxes." Which is of course what they do - along with the difference between the 30% rate and their marginal rate. The dividends are taxed in the hands of the company and passed along.

what you mean to say is that the company is taxed and the after tax profit is then passed on in the form of dividends Cheesy

lee wrote on Mar 3^rd, 2019 at 2:03pm:

No petal they get a dividend statement they don't need to do another accounting of company profits individually.

No one suggested they do the company accounting individually. What part did you fail to understand when I said 'We're talking about tax returns here
, not P&L reports or balance sheets'.

I think he may have got it this time lol

Hard n Fast

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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: Investment Helping Millionaires Live Tax Free Reply #78 - Mar 3^rd, 2019 at 2:20pm BigP wrote on Mar 3^rd, 2019 at 2:15pm: I think he may have got it this time lol i got it the first time. That comment from me is a copy /paste of my earlier comment. It's you lot who seem to be struggling.
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BigP

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Re: Investment Helping Millionaires Live Tax Free
Reply #79 - Mar 3^rd, 2019 at 2:23pm

John Smith wrote on Mar 3^rd, 2019 at 2:20pm:

BigP wrote on Mar 3^rd, 2019 at 2:15pm:

I think he may have got it this time lol

i got it the first time. That comment from me is a copy /paste of my earlier comment. It's you lot who seem to be struggling. Roll Eyes

Im just struggling to keep a straight face mate lol

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John Smith

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Re: Investment Helping Millionaires Live Tax Free
Reply #80 - Mar 3^rd, 2019 at 2:24pm

BigP wrote on Mar 3^rd, 2019 at 2:23pm:

John Smith wrote on Mar 3^rd, 2019 at 2:20pm:

BigP wrote on Mar 3^rd, 2019 at 2:15pm:

I think he may have got it this time lol

i got it the first time. That comment from me is a copy /paste of my earlier comment. It's you lot who seem to be struggling. Roll Eyes

Im just struggling to keep a straight face mate lol

I'm sure you are. But there is no need for you to be embarrassed. You'll learn eventually

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BigP

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Re: Investment Helping Millionaires Live Tax Free
Reply #81 - Mar 3^rd, 2019 at 2:28pm

John Smith wrote on Mar 3^rd, 2019 at 2:24pm:

BigP wrote on Mar 3^rd, 2019 at 2:23pm:

John Smith wrote on Mar 3^rd, 2019 at 2:20pm:

BigP wrote on Mar 3^rd, 2019 at 2:15pm:

I think he may have got it this time lol

i got it the first time. That comment from me is a copy /paste of my earlier comment. It's you lot who seem to be struggling. Roll Eyes

Im just struggling to keep a straight face mate lol

I'm sure you are. But there is no need for you to be embarrassed. You'll learn eventually

Embarrassment is not a condition that torments me

Hard n Fast

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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: Investment Helping Millionaires Live Tax Free Reply #82 - Mar 3^rd, 2019 at 2:29pm BigP wrote on Mar 3^rd, 2019 at 2:28pm: Embarrassment is not a condition that torments me so you've become accustomed to it then. Good for you!
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lee

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Re: Investment Helping Millionaires Live Tax Free
Reply #83 - Mar 3^rd, 2019 at 2:37pm

John Smith wrote on Mar 3^rd, 2019 at 2:13pm:

Go on, ask again, I'm sure that'll do your credibility wonders

Por Petal. Still trying to convince himself that Keating's interpretation was wrong. Grin

John Smith wrote on Mar 3^rd, 2019 at 2:13pm:

what you mean to say is that the company is taxed and the after tax profit is then passed on in the form of dividends

ooh a point of difference with no difference. Grin

John Smith wrote on Mar 3^rd, 2019 at 2:13pm:

What part did you fail to understand when I said 'We're talking about tax returns here, not P&L reports or balance sheets'.

So the company doesn't make a profit, the owners do. The owners should do their own returns. That way the company doesn't pay tax and it is taxed in the hands of the owners. The owners don't get the benefit of imputation credits. But the company should do the P&L's etc. Right got it.

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John Smith

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Re: Investment Helping Millionaires Live Tax Free
Reply #84 - Mar 3^rd, 2019 at 2:53pm

lee wrote on Mar 3^rd, 2019 at 2:37pm:

Por Petal. Still trying to convince himself that Keating's interpretation was wrong

no need to convince myself of anything. I don't agree with Keating's interpretation. You're the one who thinks latching onto Keating might help you.

lee wrote on Mar 3^rd, 2019 at 2:37pm:

ooh a point of difference with no difference

there is a big difference. The company is taxed. Not the shareholder.

lee wrote on Mar 3^rd, 2019 at 2:37pm:

So the company doesn't make a profit, the owners do. The owners should do their own returns. That way the company doesn't pay tax and it is taxed in the hands of the owners. The owners don't get the benefit of imputation credits. But the company should do the P&L's etc. Right got it.

funny how you ignore the condition I had attached to that statement. The fact that you chose to ignore that condition (which was your claim) to make your point shows your claim had no credibility to start with. Cheesy

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BigP Gold Member Offline Australian Politics Posts: 1924 West Auckland Gender:	Re: Investment Helping Millionaires Live Tax Free Reply #85 - Mar 3^rd, 2019 at 3:03pm John Smith wrote on Mar 3^rd, 2019 at 2:29pm: BigP wrote on Mar 3^rd, 2019 at 2:28pm: Embarrassment is not a condition that torments me so you've become accustomed to it then. Good for you! LOL Only when the girls laugh at the size of my dick
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lee

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Re: Investment Helping Millionaires Live Tax Free
Reply #86 - Mar 3^rd, 2019 at 3:04pm

John Smith wrote on Mar 3^rd, 2019 at 2:53pm:

I don't agree with Keating's interpretation.

That probably makes you a minority of one, maybe two if you include Grappler. Grin

John Smith wrote on Mar 3^rd, 2019 at 2:53pm:

The company is taxed. Not the shareholder.

The company is the shareholders petal. No shareholders - no company.

John Smith wrote on Mar 3^rd, 2019 at 2:53pm:

funny how you ignore the condition I had attached to that statement.

OOh conditions. Grin

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BigP Gold Member Offline Australian Politics Posts: 1924 West Auckland Gender:	Re: Investment Helping Millionaires Live Tax Free Reply #87 - Mar 3^rd, 2019 at 3:04pm John Smith wrote on Mar 3^rd, 2019 at 2:29pm: BigP wrote on Mar 3^rd, 2019 at 2:28pm: Embarrassment is not a condition that torments me so you've become accustomed to it then. Good for you! But all this aside it doesnt change the fact that you are a deluded fool..Mr Smith Hard n Fast
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Grappler Racist Filth

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Re: Investment Helping Millionaires Live Tax Free
Reply #88 - Mar 3^rd, 2019 at 5:52pm

lee wrote on Mar 3^rd, 2019 at 3:04pm:

John Smith wrote on Mar 3^rd, 2019 at 2:53pm:

I don't agree with Keating's interpretation.

That probably makes you a minority of one, maybe two if you include Grappler. Grin

John Smith wrote on Mar 3^rd, 2019 at 2:53pm:

The company is taxed. Not the shareholder.

The company is the shareholders petal. No shareholders - no company.

John Smith wrote on Mar 3^rd, 2019 at 2:53pm:

funny how you ignore the condition I had attached to that statement.

OOh conditions. Grin

Why then does the company pay its taxes out of net income, then pay dividends, and then why do shareholders have the absolute obligation to add to their gross income any franked dividend pre-paid tax?

Company law needs to be totally overhauled to prevent double dipping - not double taxation.... and all that means is the tax rules need to be straightened out once and for all..

You earn - you pay... company is a separate operating entity.

Pay your taxes you shiftless dole bludgers...

"No shareholders - no company."

Bullshit - countless companies exist without shareholders - you can buy a shelf company 'off the shelf' and no need for shareholders ... shareholders are investors, nothing more. Keating was a liar and still is, just another thief in Armani...

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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lee

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Re: Investment Helping Millionaires Live Tax Free
Reply #89 - Mar 3^rd, 2019 at 6:05pm

Grappler Racist Filth wrote on Mar 3^rd, 2019 at 5:52pm:

Why then does the company pay its taxes out of net income, then pay dividends, and then why do shareholders have the absolute obligation to add to their gross income any franked dividend pre-paid tax?

Perhaps you have a better way of doing it?

Grappler Racist Filth wrote on Mar 3^rd, 2019 at 5:52pm:

You earn - you pay... company is a separate operating entity.

It is a separate operating entity from what?

Grappler Racist Filth wrote on Mar 3^rd, 2019 at 5:52pm:

Bullshit - countless companies exist without shareholders - you can buy a shelf company 'off the shelf' and no need for shareholders

Wrong. How would they pay out profits?

"A private company, also known as a proprietary company, is limited in size by its constitution. It must have:

at least one shareholder;
a maximum of 50 non-employee shareholders;
at least one director; and
is not required to have a company secretary."

https://legalvision.com.au/difference-between-public-and-private-company/

So many claims made. So many claims shot down.

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