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

John Smith Gold Member Offline Australian Politics Posts: 74262 Gender:	Re: Labor's Election Plans Without The Spin Reply #60 - Feb 28^th, 2019 at 5:39pm lee wrote on Feb 28^th, 2019 at 5:25pm: No. you sound confused lee wrote on Feb 28^th, 2019 at 5:25pm: It is Bill S who you have to get to agree with you. Good luck with that. I have no shares so I don't give a crap
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lee

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Re: Labor's Election Plans Without The Spin
Reply #61 - Feb 28^th, 2019 at 5:44pm

John Smith wrote on Feb 28^th, 2019 at 5:39pm:

you sound confused

Really?

John Smith wrote on Feb 28^th, 2019 at 5:39pm:

I have no shares so I don't give a crap

And yet you have posted often about a thing you "don't give a crap" about. Also a thing you've shown you know nothing about. But that is par for the course for you. Grin

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lee

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Re: Labor's Election Plans Without The Spin
Reply #62 - Feb 28^th, 2019 at 5:47pm

John Smith wrote on Feb 28^th, 2019 at 5:38pm:

Not all profits are distributed as dividend payments so the argument that the profits ARE their income is FALSE.

Your cognitive problems again?

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.

Nowhere did I say all profits were distributed. The company is allowed to retain money for purchases etc.

refer to the second part of my answer above. Wink

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John Smith Gold Member Offline Australian Politics Posts: 74262 Gender:	Re: Labor's Election Plans Without The Spin Reply #63 - Feb 28^th, 2019 at 5:50pm lee wrote on Feb 28^th, 2019 at 5:47pm: Your cognitive problems again? are you projecting again? lee wrote on Feb 28^th, 2019 at 5:47pm: Nowhere did I say all profits were distributed. so if they're not distributed, how can they be shareholders income? thanks for proving my point
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Captain Nemo

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Re: Labor's Election Plans Without The Spin
Reply #64 - Feb 28^th, 2019 at 5:57pm

John Smith wrote on Feb 28^th, 2019 at 5:50pm:

lee wrote on Feb 28^th, 2019 at 5:47pm:

Your cognitive problems again?

are you projecting again?

lee wrote on Feb 28^th, 2019 at 5:47pm:

Nowhere did I say all profits were distributed.

so if they're not distributed, how can they be shareholders income?

thanks for proving my point Grin

WTF?

Companies only distribute a percentage of total profit as dividends which are obviously income for the recipients for personal tax purposes.

Why is this all so hard for people to understand? Roll Eyes

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The 2025 election could be a shocker.

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lee Gold Member Offline Australian Politics Posts: 17330 Gender:	Re: Labor's Election Plans Without The Spin Reply #65 - Feb 28^th, 2019 at 6:02pm John Smith wrote on Feb 28^th, 2019 at 5:50pm: so if they're not distributed, how can they be shareholders income? That share of profits that are distributed are income. However if you want Bill to tell people that those distributions are NOT income, I am sure the shareholders will be very pleased.
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crocodile

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Re: Labor's Election Plans Without The Spin
Reply #66 - Feb 28^th, 2019 at 6:35pm

philperth2010 wrote on 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!!!

Roll Eyes

It's not a cash bonus you dumbarse. It's a tax refund for the tax they shouldn't have paid in the first place.

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Very funny Scotty, now beam down my clothes.

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Dnarever

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Re: Labor's Election Plans Without The Spin
Reply #67 - Feb 28^th, 2019 at 6:36pm

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.

They will be in a poo load of trouble when they put the company profit number in their personal tax return ?

But for them to do that you would need to be right ? Your not.

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crocodile

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Re: Labor's Election Plans Without The Spin
Reply #68 - Feb 28^th, 2019 at 6:39pm

John Smith wrote on 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.

Keep telling yourself that. I don't wish to argue with a numbskull. They just drag you down to their level and beat you with experience.

Funny how their called shareholders.

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Very funny Scotty, now beam down my clothes.

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crocodile

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Re: Labor's Election Plans Without The Spin
Reply #69 - Feb 28^th, 2019 at 6:41pm

Dnarever wrote on Feb 28^th, 2019 at 6:36pm:

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.

They will be in a poo load of trouble when they put the company profit number in their personal tax return ?

But for them to do that you would need to be right ? Your not.

That's why there is an imputed credit attached to it. They just get a share of the profit. That's why they're called shareholders.

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Very funny Scotty, now beam down my clothes.

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John Smith

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Re: Labor's Election Plans Without The Spin
Reply #70 - Feb 28^th, 2019 at 6:42pm

lee wrote on Feb 28^th, 2019 at 6:02pm:

John Smith wrote on Feb 28^th, 2019 at 5:50pm:

so if they're not distributed, how can they be shareholders income?

That share of profits that are distributed are income. However if you want Bill to tell people that those distributions are NOT income, I am sure the shareholders will be very pleased. Wink

and yet your earlier argument was that the companies PROFITS are income. The portion that is distributed is not "profit', it's 'dividend' payments. It is simply paid from profits.

This is basic stuff. A 'know it all' genius like you should know this already Roll Eyes

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

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John Smith

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Re: Labor's Election Plans Without The Spin
Reply #71 - Feb 28^th, 2019 at 6:43pm

crocodile wrote on Feb 28^th, 2019 at 6:39pm:

John Smith wrote on 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.

Keep telling yourself that. I don't wish to argue with a numbskull. They just drag you down to their level and beat you with experience.

Funny how their called shareholders.

Is that what you're trying to do? drag me down to your level? It won't work.

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

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John Smith

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Re: Labor's Election Plans Without The Spin
Reply #72 - Feb 28^th, 2019 at 6:44pm

crocodile wrote on Feb 28^th, 2019 at 6:35pm:

philperth2010 wrote on 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!!!

Roll Eyes

It's not a cash bonus you dumbarse. It's a tax refund for the tax they shouldn't have paid in the first place.

They didn't pay it in the first place you dumb arse, the company did. Roll Eyes

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

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crocodile

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Re: Labor's Election Plans Without The Spin
Reply #73 - Feb 28^th, 2019 at 6:44pm

Captain Nemo wrote on Feb 28^th, 2019 at 5:57pm:

John Smith wrote on Feb 28^th, 2019 at 5:50pm:

lee wrote on Feb 28^th, 2019 at 5:47pm:

Your cognitive problems again?

are you projecting again?

lee wrote on Feb 28^th, 2019 at 5:47pm:

Nowhere did I say all profits were distributed.

so if they're not distributed, how can they be shareholders income?

thanks for proving my point Grin

WTF?

Companies only distribute a percentage of total profit as dividends which are obviously income for the recipients for personal tax purposes.

Why is this all so hard for people to understand? Roll Eyes

It's already been taxed before distribution. Income taxes don't get taxed twice in this country. Unless your name is Bill.

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Very funny Scotty, now beam down my clothes.

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John Smith

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Re: Labor's Election Plans Without The Spin
Reply #74 - Feb 28^th, 2019 at 6:46pm

lee wrote on Feb 28^th, 2019 at 6:02pm:

John Smith wrote on Feb 28^th, 2019 at 5:50pm:

so if they're not distributed, how can they be shareholders income?

That share of profits that are distributed are income. However if you want Bill to tell people that those distributions are NOT income, I am sure the shareholders will be very pleased. Wink

and the share of profits that is used to pay wages is called 'wages' and so on and so on ..... so?
Company profits are NOT income.

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

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