Anticipated dividend Feb 19, page-24

First 24 Last

Share
Profile

Follow
bball

781 Posts.

30

19/02/19

10:32

Post #: 37481300
Share

Originally posted by Gindaldan: ↑

you do realise that the USA taxes dividends at a flat rate and that is much lower than our highest effective tax rate of 46.5%? A lot of other countries without franking credit refunds tax dividends at 15% flat rate, so regardless if I earned $10 or $10billion it would be taxed at that rate?

So actually, in other countries these measures benefit the rich, not the lower middle or lower class who hold a tiny amount of shares.

The rich are not effected by labor’s policy, myself included as my income is well over the top tax bracket and will even be so in retirement. I feel for those who worked hard and needed that refund for retirement. Now being forced to pay 30% tax if they earn as little as $10k. That is unfair, a PAYG earner would get that money back and pay no tax.

lastly, if instead of a PTY LTD company, all these companies were unit trusts, then tax would be paid at the beneficiary level, as our tax system intends. So instead of a $70 dividend with a $30 franking credit refund for a low income earner, you’d receive the $100 straight out as the trust makes it so the beneficiary pays the tax, not the entity.

I’m an ex tax accountant, you clearly have nfi how tax is intended to work in this country. It’s not a tax scam, it’s paying tax at the ultimate recipient level.

I’m all for a USA based system of a flat tax rate on dividends, i would benefit handsomely from it. However I’m not asking for that, I’m more concerned for those who work hard and have a modest amount. Labor just wants to give the unemployed leaners more money for nothing.

Expand

Great post Gindaldan!

BHP Price at posting: $37.10 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

STP

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 42 more messages in this thread...

First 24 Last

Add BHP (ASX) to my watchlist

(20min delay)
Last $40.46		Change 0.100(0.25%)		Mkt cap ! $203.9B

Open	High	Low	Value	Volume
$40.46	$40.70	$40.16	$198.0M	4.886M

Buyers (Bids)

No.	Vol.	Price($)
1	10241	$43.28

Sellers (Offers)

Price($)	Vol.	No.
$36.42	39786	2

View Market Depth

No.	Vol.	Price($)
1	75	38.200
1	2481	38.190
1	7416	38.170
1	38887	38.160

Price($)	Vol.	No.
38.250	46736	17
38.260	73656	4
38.270	50751	4
38.280	8616	2

Last trade - 15.59pm 19/11/2024 (20 minute delay)

BHP (ASX) Chart

Anticipated dividend Feb 19, page-24

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Buyers (Bids)

Sellers (Offers)