Subdivision Millions | Educational consultant
Subdivision Millions
Phone: 0424739923
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24.01.2022 All explained at shortentaxlosers.com.au
20.01.2022 ATO - Currently you don't even need to lodge a tax return to get franking credit cash refunds - .You can even ring the ATO on the phone if you wish.This will be banned under Shorten.See attached ATO information
18.01.2022 Did you know that anyone who is on a marginal rate of over 30 cents will need to send a debit tax to the ATO. See ATO extract below. So if your marginal rate is 34.5 cents you need to send 4.5 cemts to the ATO. If your marginal rate is 47 cants you will need to send the ATO 17 cents.
18.01.2022 Capital Gains Tax under Shorten - 75% - we all lose.
13.01.2022 8 million people will lose according to ATO statistics below. Anyone or any SMSF entity that has a marginal rate of under 30 cents will currently receive a franking credit refund. This refund will be banned by Shorten. Note there are 6.9 million poor people under $37k who will lose. It's not just a "retiree" tax. First of all you currently need to be a retiree in a SMSF. to get 0% marginal rate. Otherwise a retiree not in a SMSF will pay 47 cents if in their individual name,... being over $180,000 income. They would get no franking credit refund whatsoever. They would pay an extra 17 cents in the dollar to the ATO in their tax return. See chart.. Note there are 583,000 members of Super Funds in the Accumulati on Mode, which are taxed at 15 cents and receive 30 cents Franking credits. These people are aged 18 years to 59 years, and have not retired, but will lose also lose franking credit cash refunds. See more
11.01.2022 Here is how dividend imputation works and how we come up with the numbers of people, that according to the ATO, will lose out on franking credit cash refunds.
10.01.2022 Shorten 30% tax on Discretionary Trusts - 1.5 million families stuffed thanks to Shorten Labor. I have some suggestions to get around this legally. Contact me if you are interested.
07.01.2022 If you want to get some advice on Labor's disastrous financial proposals go to shortentaxlosers.com.au, my website, David Manteit - Brisbane, AEC compliant
02.01.2022 Australian Taxation Office - 43% of people earn under $37k, so their marginal rate is under 30 cents. So 10.5 million people according to the ATO will lose franking credit cash refunds, if they have shares, (except pensioners registered March 2018 (According to Shorten)
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