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

crocodile

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Re: Labor's Election Plans Without The Spin
Reply #75 - Feb 28^th, 2019 at 6:46pm

John Smith wrote on 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.

They don't get a refund for undistributed ones either you dopey arsewipe.

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Very funny Scotty, now beam down my clothes.

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lee

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Re: Labor's Election Plans Without The Spin
Reply #76 - Feb 28^th, 2019 at 6:59pm

John Smith wrote on Feb 28^th, 2019 at 6:42pm:

and yet your earlier argument was that the companies PROFITS are income.

It is petal. They are the profits of the company, which is the body of shareholders.

John Smith wrote on Feb 28^th, 2019 at 6:42pm:

The portion that is distributed is not "profit', it's 'dividend' payments.

The dividend forms that part of the profit that has been distributed. Perhaps you can tell us how they would get paid losses?

John Smith wrote on Feb 28^th, 2019 at 6:42pm:

It is simply paid from profits.

Yes petal to the owners, the shareholders.

John Smith wrote on Feb 28^th, 2019 at 6:42pm:

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

If it is so basic - how come you don't understand it? Grin

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lee Gold Member Offline Australian Politics Posts: 17330 Gender:	Re: Labor's Election Plans Without The Spin Reply #77 - Feb 28^th, 2019 at 7:03pm John Smith wrote on Feb 28^th, 2019 at 6:46pm: Company profits are NOT income. Well in that case companies shouldn't pay tax. better call Bill. tell him he has been wrong all this time.
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Dnarever

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Re: Labor's Election Plans Without The Spin
Reply #78 - Feb 28^th, 2019 at 7:16pm

crocodile wrote on 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.

I guess to you putting words together in this sequence has some meaning. So now the company profit isn't their profit and They still never pay any tax on it - not one cent.

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lee Gold Member Offline Australian Politics Posts: 17330 Gender:	Re: Labor's Election Plans Without The Spin Reply #79 - Feb 28^th, 2019 at 7:35pm Dnarever wrote on Feb 28^th, 2019 at 7:16pm: So now the company profit isn't their profit and They still never pay any tax on it - not one cent.
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Captain Nemo

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Re: Labor's Election Plans Without The Spin
Reply #80 - Feb 28^th, 2019 at 7:35pm

John Smith wrote on 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.

The dividends to the shareholders (people) is income to them.

The whole problem with this Shorten / Bowen tax grab to deny low income recipients of franked dividends their tax return refund if they come in under the tax-free threshold is that it hits the low income retirees the hardest.

Some will lose 30% of their annual income. Shocked

It is going to really hurt some retirees.

(Pensioners / part / pensioners) have since been exempted after the initial outcry, but those on low incomes not receiving any pension will be hurt by this.

That's why I am dead against it in its current form.

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The 2025 election could be a shocker.

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crocodile

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Re: Labor's Election Plans Without The Spin
Reply #81 - Feb 28^th, 2019 at 7:36pm

Dnarever wrote on Feb 28^th, 2019 at 7:16pm:

crocodile wrote on 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.

I guess to you putting words together in this sequence has some meaning. So now the company profit isn't their profit and They still never pay any tax on it - not one cent.

You fukkin' brainless twat. They own the company. The company that they own withheld it for them. Income streams in this country don't get taxed twice.

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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 #82 - Feb 28^th, 2019 at 8:02pm

crocodile wrote on Feb 28^th, 2019 at 6:46pm:

John Smith wrote on 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.

They don't get a refund for undistributed ones either you dopey arsewipe.

i've no idea what your babbling about now. Who said they get a refund for undistributed 'ones' (whatever 'ones' is supposed to be).

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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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lee Gold Member Offline Australian Politics Posts: 17330 Gender:	Re: Labor's Election Plans Without The Spin Reply #83 - Feb 28^th, 2019 at 8:05pm John Smith wrote on Feb 28^th, 2019 at 8:02pm: i've no idea what your babbling about now. You should have stopped at "I've no idea".
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John Smith

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Re: Labor's Election Plans Without The Spin
Reply #84 - Feb 28^th, 2019 at 8:06pm

Captain Nemo wrote on Feb 28^th, 2019 at 7:35pm:

The dividends to the shareholders (people) is income to them.

of course it is. No one is arguing otherwise. Lee however claims that ompany profits is shareholder profit. That is false.

Captain Nemo wrote on Feb 28^th, 2019 at 7:35pm:

The whole problem with this Shorten / Bowen tax grab to deny low income recipients of franked dividends their tax return refund if they come in under the tax-free threshold is that it hits the low income retirees the hardest.

the scheme was designed to prevent DOUBLE TAXATION. Because of changes by the libs, the scheme is now being rorted to give refunds to people who aren't paying any tax. It's about time it was stopped. Wealthfare and this entitlement attitude is why we can't balance our budget.

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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 #85 - Feb 28^th, 2019 at 8:07pm

John Smith wrote on Feb 28^th, 2019 at 8:02pm:

crocodile wrote on Feb 28^th, 2019 at 6:46pm:

John Smith wrote on 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.

They don't get a refund for undistributed ones either you dopey arsewipe.

i've no idea what your babbling about now. Who said they get a refund for undistributed 'ones' (whatever 'ones' is supposed to be).

I'm unsurprised. Keep working on it and in a few years you may figure it out.

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Very funny Scotty, now beam down my clothes.

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John Smith Gold Member Offline Australian Politics Posts: 74262 Gender:	Re: Labor's Election Plans Without The Spin Reply #86 - Feb 28^th, 2019 at 8:07pm lee wrote on Feb 28^th, 2019 at 8:05pm: John Smith wrote on Feb 28^th, 2019 at 8:02pm: i've no idea what your babbling about now. You should have stopped at "I've no idea". you struggled after that did you?
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stunspore Gold Member Offline Australian Politics Posts: 5094 Gender:	Re: Labor's Election Plans Without The Spin Reply #87 - Feb 28^th, 2019 at 8:08pm Croc is bit false here. Say you got after-taxed income. If you had a business, the cost of capital can be GST saved. More money on return. If you use money to invest in bank products, you won't get GST savings.
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John Smith

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Re: Labor's Election Plans Without The Spin
Reply #88 - Feb 28^th, 2019 at 8:09pm

crocodile wrote on Feb 28^th, 2019 at 8:07pm:

John Smith wrote on Feb 28^th, 2019 at 8:02pm:

crocodile wrote on Feb 28^th, 2019 at 6:46pm:

John Smith wrote on 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.

They don't get a refund for undistributed ones either you dopey arsewipe.

i've no idea what your babbling about now. Who said they get a refund for undistributed 'ones' (whatever 'ones' is supposed to be).

I'm unsurprised. Keep working on it and in a few years you may figure it out.

sorry, i don't plan on taking lessons in gibberish, even in a few years. If you care to explain yourself, go for it, otherwise stop wasting my time.

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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 #89 - Feb 28^th, 2019 at 8:10pm

crocodile wrote on Feb 28^th, 2019 at 7:36pm:

Dnarever wrote on Feb 28^th, 2019 at 7:16pm:

crocodile wrote on 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.

I guess to you putting words together in this sequence has some meaning. So now the company profit isn't their profit and They still never pay any tax on it - not one cent.

You fukkin' brainless twat. They own the company. The company that they own withheld it for them. Income streams in this country don't get taxed twice.

once again, company's and shareholders are separate entities. Why do I have to keep repeating this for you?

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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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