@tigertyron@Richmond_FC@nibhealth@ShaneDunneAU I’m ruling myself out for the rest of this season. 38 year member with reserved seat. I won’t attend another game.
I will only renew next year if they do a full review, with external experts.
@tigertyron@Richmond_FC@nibhealth@ShaneDunneAU I’m ruling myself out for the rest of this season. 38 year member with reserved seat. I won’t attend another game.
I will only renew next year if they do a full review, with external experts.
@FinancialReview it’s an extraordinary irony when the most divisive prime minister I can ever remember lectures the population on the politics of division
I'm sick of @AlboMP , @JEChalmers, @ClareONeilMP telling us that they are making "HARD" decisions in our best interest. FFS, the downgrade of Australia and Australians lives speaks for itself. These people are responsible for the downgrade.Their gaslighting is disgusting!
ALP GASLIGHTING re INVESTORS vs ‘WAGE EARNERS’ . A scenario under current tax laws . Question:
Do a calculation on two workers both earning $100,000 pa. One spends all the net wages, the other saves and invests $20,000 in fully franked shares each year for 30 years. Assume the shares return 5% each year and appreciate in value by the same amount. Who over the 30 years would have paid the most in total taxes.
Result:
The investor pays significantly more total tax — about $1.096 million in personal tax vs the spender’s $683,000.
Key Details (Simplified Model)
• Both earn $100k gross salary pa. Annual salary tax (incl. 2% Medicare): $22,782 each.
• Spender total tax (30 years): $683,460 (salary only).
• Investor:
• Salary tax: $683,460.
• Extra personal tax on grossed-up dividends: +$412,782.
• Total personal tax: $1,096,242.
• Portfolio after 30 years: ~$1.395 million (from $600k contributions + growth).
• Total cash dividends received: ~$835k.
• Franking credits (company tax already paid): ~$358k.
The investor generates far more tax revenue overall for the government (personal + company tax) due to compounding investment income, even with franking credits offsetting some liability. Capital gains remain unrealised (no CGT paid yet). Real-world factors like reinvestment, rule changes, or inflation would increase the gap further.
@David_McMahon75 The deliberate attempts to conflate tax on capital with tax on income is getting boring. The problem is the level of ignorance means voters are falling for it.
@RobToThheOz@CryptoRogue31 But you assume gains should be taxed the same as income. The investor pays tax on income as well as the gain. Stop trying to hold the nurse out as being the same.