Australia's largest stock trading and investment forum Australia's #1 stock forum

Proposal to abolish refundability of Franking Credits, page-345

First 345 Last

Share
Profile

Follow
baxtermcfaxter

5,995 Posts.

15

13/12/18

16:14

Post #: 36850254
Share

Originally posted by ChippyDude: ↑

All they should do is just put a cap on it of 5 grand or so, that way all the small time people just keeping their head above water get it upto 5k.

So then it stops those claiming back 2 million worth per year in cash back.

Also the neg gearing, sould be capped as about a 20k deduction per year max total, regardless if you have 1 property or 10.

Also the Super contribution rate shouldnt be a flat 15% it should be taxed on a sliding scale like the tax rate minus 10%

Expand

Yep...I agree with what you are saying....there should be caps ...
Probably $15,000 on both NG and Franked Credits.....One day you may get beyond your $5,000 so you need an incentive to get higher and I hope you do
1 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

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

AXP

Tambourah chases gold veins and mineralisation extension with drilling

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 156 more messages in this thread...

First 345 Last

SPONSORED BY