( ͡° ͜ʖ ͡°)
- May 13, 2015
Figures like that usually come from treasury and are stated over a long time frame. It's probably $55b over 10 years or something. Or course, if people adjust their portfolio to avoid being overtaxed then the $55b is fake - which is the most likely outcome.I just re read the post, my math's is crap, if the member has $300,000 in shares and they pay 5%.
That would mean they get a dividend of $15,000 and the franking credit would be 30% of that, so $5,000 tax return.
So how with me making high pension assumptions, 600,000 getting $5k works out to $55Billion is really weird.
I wish someone would ask silly Billy and Bowen, to please explain.
In the above case, I would go for something with a better return than a 5% grossed up divvy.