Australian Politics Forum - Labor's Election Plans Without The Spin

Grappler Truth Teller Feller

Gold Member

Online

Australian Politics

Posts: 83847
Proud pre-1850's NO Voter
Gender: male

Re: Labor's Election Plans Without The Spin
Reply #45 - Feb 28^th, 2019 at 12:04am

crocodile wrote on Feb 27^th, 2019 at 11:33pm:

Grappler Truth Teller Feller wrote on Feb 27^th, 2019 at 11:05pm:

crocodile wrote on Feb 27^th, 2019 at 10:56pm:

Grappler Truth Teller Feller wrote on Feb 27^th, 2019 at 9:57pm:

crocodile wrote on Feb 27^th, 2019 at 9:19pm:

John Smith wrote on Feb 27^th, 2019 at 8:20pm:

lee wrote on Feb 27^th, 2019 at 7:36pm:

They have paid dividend imputation tax.

no, the COMPANY has paid it's taxes. The shareholders have paid nothing.

The shareholders own the company you colostomy bag.

No, they do not - the owners own the company - you know .... the big shareholders? Ask them sometime... go tell Gina she doesn't own the joint... the little people are shareholders, not owners, and they are buying shares for an investment and to earn income.

You know full well that companies and shareholders are totally separate operating entities - and each is liable for their own tax.. the company pays its taxes, the recipient of income from shareholding pays his/her taxes.

Abolish dividend imputation and no more arguments... company pays it taxes and the shareholder pays his/her without all this nonsense going around and around.

What a lot of fukking horseshit. Gina's is a private company. All shareholders own the company according to their weighted share amount. That's why they're called shares.

Companies and shareholders are only separate in your feeble brain. The shareholders are the owners. The company pays its taxes and since the shareholders own the company, the shareholder paid the taxes.

Waste of time explaining. You're too thick to understand it.

Your language and intelligence are failing you again, dick-head.

Nobody cares how a company is structured - it is the reality of shareholding that counts... and the little fish have no ownership in the decisions or policies... an even if you allow that the shareholders are somehow the owners, they are still liable for personal income tax and the company liable for company taxes as two separate operating legal entities ... perhaps companies should pay income tax like everyone else does....that'd be a hoot...

You really know nothing do you? Just spout some spoon-fed line over and over and hope to somehow get a change so that the poor widdle shareholder doesn't have to pay income tax on income... Jesus.... if you had one iota of accounting or economic sense you'd know the truth of all I say, so obviously you don't have any training at all but are repeating some half-baked nonsense someone fed to you.

Poor little fellow... and keep a civil tongue in your head, moron.. I won't warn you again.

You can keep dreaming as much as you want. No point wasting my time on someone who has the mental capacity of a flea. You only think you know. That's OK because an ignorant ass doesn't really know enough to realise what they don't know. Kind of a blissful life in a way. Have a nice glass of warm milk before bed.

It is obviously you who know nothing but think you know everything.... oh, well - can't help your kind. Jeez you remind me of longie sometimes.... I wonder...

All your mindless ranting and personal insults will never change the reality that the company is one entity liable for taxes and shareholders are another set of entities liable for taxes separately.... only a total flea-brain would even begin to think otherwise...

You're never going to get out of owing income tax for dividend money handed to you, sonny - so stop trying that line... it won't work.

At least ShortenCo is coming after some of you.... now for revamping the ATO to ensure revenue capture..... as legally required....

That'll get you running.... there's no reason for you to persist in pushing your ridiculous line of trying to suggest that a company paying its very limited taxes somehow means the shareholders have paid all theirs and should not be taxed, unless you are on the verge of losing rort money.....

Goodie!!!

Back to top

« Last Edit: Feb 28^th, 2019 at 12:10am by Grappler Truth Teller Feller »

“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.”
― John Adams

IP Logged

philperth2010

Gold Member

Offline

Australian Politics

Posts: 20151
Perth
Gender: male

Re: Labor's Election Plans Without The Spin
Reply #46 - Feb 28^th, 2019 at 7:12am

The original scheme was designed to stop double taxation and offer a tax credit of 30%....It has now been exploited to allow a tax credit of 30% from taxpayers on top of their dividend despite the fact there is no tax to refund....The scheme allows capital to be invested for a 30% bonus on top of the dividend and has nothing to do with eliminating double taxation....Only a complete dickhead would accept that this arrangement is not income support for the wealthy....Pay your taxes you sponging bastards!!!

Angry

Back to top

If knowledge can create problems, it is not through ignorance that we can solve them.
Isaac Asimov (1920 - 1992)

IP Logged

Grappler Truth Teller Feller

Gold Member

Online

Australian Politics

Posts: 83847
Proud pre-1850's NO Voter
Gender: male

Re: Labor's Election Plans Without The Spin
Reply #47 - Feb 28^th, 2019 at 8:21am

philperth2010 wrote on Feb 28^th, 2019 at 7:12am:

The original scheme was designed to stop double taxation and offer a tax credit of 30%....It has now been exploited to allow a tax credit of 30% from taxpayers on top of their dividend despite the fact there is no tax to refund....The scheme allows capital to be invested for a 30% bonus on top of the dividend and has nothing to do with eliminating double taxation....Only a complete dickhead would accept that this arrangement is not income support for the wealthy....Pay your taxes you sponging bastards!!!

Angry

I was about to say something along those lines.. more like "Get a job and pay some taxes, ya dopey bludger!"

Welfare for the rich...... more sinisterly, government sponsored handover of public funding to rich mates - couldn't be done better in a Central American Banana Republic dictatorship.... and it's not the only activity of that kind going on.. it's endless...

Back to top

“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.”
― John Adams

IP Logged

Captain Nemo Gold Member Offline Australian Politics Posts: 9935 Melbourne Gender:	Re: Labor's Election Plans Without The Spin Reply #48 - Feb 28^th, 2019 at 8:48am "Get a job and pay some taxes, ya dopey bludger!" Err ... you do know this Franking Credit change by Shorten / Bowen is for self-funded retirees don't you?
Back to top	The 2025 election could be a shocker. IP Logged

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: Labor's Election Plans Without The Spin
Reply #49 - Feb 28^th, 2019 at 8:59am

Captain Nemo wrote on Feb 28^th, 2019 at 8:48am:

"Get a job and pay some taxes, ya dopey bludger!"

Err ... you do know this Franking Credit change by Shorten / Bowen is for self-funded retirees don't you? Cheesy

Shhhh ! The old Grapples might actually get it one day. For some reason he thinks that the suppliers of capital rather than labour are dopey bludgers. Says it all really.

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

lee

Gold Member

Offline

Australian Politics

Posts: 17330
Gender: male

Re: Labor's Election Plans Without The Spin
Reply #50 - Feb 28^th, 2019 at 12:48pm

philperth2010 wrote on Feb 28^th, 2019 at 7:12am:

.It has now been exploited to allow a tax credit of 30% from taxpayers on top of their dividend despite the fact there is no tax to refund

So the dividend imputation tax paid on behalf of shareholders is not real? Grin

philperth2010 wrote on Feb 28^th, 2019 at 7:12am:

The scheme allows capital to be invested for a 30% bonus on top of the dividend and has nothing to do with eliminating double taxation.

Really? BS seems to disagree. He only wants to remove the excess credit of those below 37K. Wink

Back to top

IP Logged

lee

Gold Member

Offline

Australian Politics

Posts: 17330
Gender: male

Re: Labor's Election Plans Without The Spin
Reply #51 - Feb 28^th, 2019 at 12:55pm

Captain Nemo wrote on Feb 28^th, 2019 at 8:48am:

Err ... you do know this Franking Credit change by Shorten / Bowen is for self-funded retirees don't you?

Perhaps you missed this -

lee wrote on Feb 27^th, 2019 at 6:10pm:

philperth2010 wrote Yesterday at 4:02pm:
Impact: The biggest impact will be felt by self funded retirees who structured their investment portfolios so they pay no tax, plus super funds in the pension phase that also pay no tax.

You notice it doesn't say just SMSF's?

That would mean each and every super fund that has a portion of their money in the pension phase will miss out. That means even industry funds will be hit.

That means their payments out will be hit.

Back to top

IP Logged

crocodile

Gold Member

Offline

Australian Politics

Posts: 6683
Gender: male

Re: Labor's Election Plans Without The Spin
Reply #52 - Feb 28^th, 2019 at 2:46pm

lee wrote on Feb 28^th, 2019 at 12:55pm:

Captain Nemo wrote on Feb 28^th, 2019 at 8:48am:

Err ... you do know this Franking Credit change by Shorten / Bowen is for self-funded retirees don't you?

Perhaps you missed this -

lee wrote on Feb 27^th, 2019 at 6:10pm:

philperth2010 wrote Yesterday at 4:02pm:
Impact: The biggest impact will be felt by self funded retirees who structured their investment portfolios so they pay no tax, plus super funds in the pension phase that also pay no tax.

You notice it doesn't say just SMSF's?

That would mean each and every super fund that has a portion of their money in the pension phase will miss out. That means even industry funds will be hit.

That means their payments out will be hit.

An industry fund should also have a healthy number of people still in the accumulation phase. They can use the credits to offset these ones. SMSFs on the other hand only have a single member or perhaps two. Anybody who can't see the unfairness in this is a blithering fukkwit.

Back to top

Very funny Scotty, now beam down my clothes.

IP Logged

philperth2010 Gold Member Offline Australian Politics Posts: 20151 Perth Gender:	Re: Labor's Election Plans Without The Spin Reply #53 - Feb 28^th, 2019 at 4:22pm It was never meant to be a cash bonus on top of your dividend....It was meant to prevent double taxation....Anyone who cannot see this is a blithering idiot!!!
Back to top	If knowledge can create problems, it is not through ignorance that we can solve them. Isaac Asimov (1920 - 1992) IP Logged

John Smith

Gold Member

Offline

Australian Politics

Posts: 74262
Gender: male

Re: Labor's Election Plans Without The Spin
Reply #54 - Feb 28^th, 2019 at 4:29pm

crocodile wrote on Feb 27^th, 2019 at 9:19pm:

John Smith wrote on Feb 27^th, 2019 at 8:20pm:

lee wrote on Feb 27^th, 2019 at 7:36pm:

They have paid dividend imputation tax.

no, the COMPANY has paid it's taxes. The shareholders have paid nothing.

The shareholders own the company you colostomy bag.

bravo ... glad to see you've worked that out.

Still, the company paid the tax, not the shareholders. The company is a separate legal entity.

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: 74262
Gender: male

Re: Labor's Election Plans Without The Spin
Reply #55 - Feb 28^th, 2019 at 4:30pm

lee wrote on Feb 27^th, 2019 at 9:01pm:

John Smith wrote on Feb 27^th, 2019 at 8:20pm:

no, the COMPANY has paid it's taxes. The shareholders have paid nothing.

So if that is the case then shareholders who declare income over $37K haven't paid imputation tax either. But that is clearly not the case as Bill has specifically said they have, as they are allowed that imputation credit. Wink

so now you're arguing he shouldn't allow the imputation credit? OK. I'll agree with you there.

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: 74262
Gender: male

Re: Labor's Election Plans Without The Spin
Reply #56 - Feb 28^th, 2019 at 4:33pm

crocodile wrote on Feb 27^th, 2019 at 10:46pm:

Dnarever wrote on Feb 27^th, 2019 at 9:20pm:

crocodile wrote on Feb 27^th, 2019 at 9:19pm:

John Smith wrote on Feb 27^th, 2019 at 8:20pm:

lee wrote on Feb 27^th, 2019 at 7:36pm:

They have paid dividend imputation tax.

no, the COMPANY has paid it's taxes. The shareholders have paid nothing.

The shareholders own the company you colostomy bag.

They still payed no tax on their income

Horseshit. The company profit is their income.

What a load of poo. Their dividend payment is their income, not the company profit

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: 17330 Gender:	Re: Labor's Election Plans Without The Spin Reply #57 - Feb 28^th, 2019 at 5:23pm John Smith wrote on Feb 28^th, 2019 at 4:33pm: Their dividend payment is their income, not the company profit As they're SHAREholders their income is their share of the company profits, as distributed.
Back to top	IP Logged

lee Gold Member Offline Australian Politics Posts: 17330 Gender:	Re: Labor's Election Plans Without The Spin Reply #58 - Feb 28^th, 2019 at 5:25pm John Smith wrote on Feb 28^th, 2019 at 4:30pm: so now you're arguing he shouldn't allow the imputation credit? No. John Smith wrote on Feb 28^th, 2019 at 4:30pm: OK. I'll agree with you there. It is Bill S who you have to get to agree with you. Good luck with that.
Back to top	IP Logged

John Smith Gold Member Offline Australian Politics Posts: 74262 Gender:	Re: Labor's Election Plans Without The Spin Reply #59 - Feb 28^th, 2019 at 5:38pm lee wrote on Feb 28^th, 2019 at 5:23pm: As they're SHAREholders their income is their share of the company profits, as distributed. Roll Eyes You're either a liar or you're an idiot. Not all profits are distributed as dividend payments so the argument that the profits ARE their income is FALSE.
Back to top	Our esteemed leader: I hope that bitch who was running their brothels for them gets raped with a cactus. IP Logged