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australian's profile
The Australian
The Australian
The Australian
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@australian

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The AustralianVerified account

@australian

News from The Australian newspaper and The Australian Online.

Sydney, Australia
theaustralian.com.au
Joined October 2007

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    The Australian‏Verified account @australian Mar 13

    Adam Creighton on the difference between "low income" and "high income" households https://www.theaustralian.com.au/business/opinion/adam-creighton/labors-proposed-tax-reform-only-adds-to-complexity/news-story/0fde5c9e9a0324d053ab5eda0494f634 … @Adam_Creightonpic.twitter.com/LjDZmibi9w

    2:24 PM - 13 Mar 2018
    • 110 Retweets
    • 104 Likes
    • Greg Wright Rouse Hill Times Stephen Maoudis Paul Wilson Jenny Kennedy M4si Zaki BoyGeorgist🔰 GumpCapital Greg Turnbull
    15 replies 110 retweets 104 likes
      1. New conversation
      2. Chris Eastaughffe‏ @Chris_E_Qld_Au Mar 13
        Replying to @australian @Adam_Creighton

        If #Labor wants to target 'rich' retiree's why not simply increase the tax on 'rich' retirees? Or would that lose them votes? Your home is your home, NOT something taxable! #Australia the 'State', and #politicians, just want 'more' to buy elections! Nothing else matters.

        4 replies 0 retweets 2 likes
      3. Charmaine‏ @CharmaineTT Mar 13
        Replying to @Chris_E_Qld_Au @australian @Adam_Creighton

        They are not proposing to tax the family home just closing the loophole for wealthy retirees.

        3 replies 2 retweets 22 likes
      4. Chris Eastaughffe‏ @Chris_E_Qld_Au Mar 13
        Replying to @CharmaineTT @australian @Adam_Creighton

        Again, the 'loophole' provides more benefit for the low income person than the 'high' income person % wise ... perhaps something SPECIFICALLY targeting the people they desire to affect, rather than having collateral damage, would be a BETTER idea?

        3 replies 0 retweets 2 likes
      5. Charmaine‏ @CharmaineTT Mar 13
        Replying to @Chris_E_Qld_Au @australian @Adam_Creighton

        Poor people don't have investments so I don't see how closing this loophole impacts poor pensioners. If you have investments of $1m or more you are not poor. Just ask a real pensioner.

        4 replies 6 retweets 21 likes
      6. Chris Eastaughffe‏ @Chris_E_Qld_Au Mar 13
        Replying to @CharmaineTT @australian @Adam_Creighton

        So poor people (or not rich people) don't own a few Telstra shares, or bank shares, or hold these through their #superannuation, trying to set themselves up for #retirement? Or don't they count? #Labor cash grab bigger chance of hurting little people, rich people just move money.

        4 replies 0 retweets 2 likes
      7. Charmaine‏ @CharmaineTT Mar 13
        Replying to @Chris_E_Qld_Au @australian @Adam_Creighton

        Poor people don't own shares, simple.

        1 reply 3 retweets 12 likes
      8. Chris Eastaughffe‏ @Chris_E_Qld_Au Mar 13
        Replying to @CharmaineTT @australian @Adam_Creighton

        HOW are you defining poor? Beggar on the street? Miniscule superannuation? What? and where did your information come from? WHY do we have compulsory #superannuation in #Australia? People won't be affected?? Isn't Super MOSTLY shares?

        1 reply 0 retweets 0 likes
      9. lydia daye‏ @lydiadaye Mar 13
        Replying to @Chris_E_Qld_Au @CharmaineTT and

        Repeat .."Poor retirees do not own shares" " $80K pa from superannuation fund is a tax free pension. Retirees who don't pay taxes must not expect a taxpayers cash handout.

        2 replies 4 retweets 20 likes
      10. 3 more replies
      1. New conversation
      2. Federal ICAC‏ @kriksto1953 Mar 13
        Replying to @australian @Adam_Creighton

        @simrob72

        1 reply 0 retweets 0 likes
      3. gab.ai/simrob72‏ @simrob72 Mar 13
        Replying to @kriksto1953 @australian @Adam_Creighton

        I'm not talking about low or high incomes. That's you running distraction. Get back to the point. How is this tax grab not gutted by financial advice and change in investor behavior? There's no $60 billion for @billshortenmp here. Only pain.

        3 replies 0 retweets 1 like
      4. Federal ICAC‏ @kriksto1953 Mar 13
        Replying to @simrob72 @australian and

        1. a very wealthy individual drawing $1 million per year from their superannuation and paying no tax – not even the Medicare surcharge – who received say a $10,000 dividend cheque that comes with $3000 worth of "tax credits".

        1 reply 1 retweet 2 likes
      5. gab.ai/simrob72‏ @simrob72 Mar 13
        Replying to @kriksto1953 @australian and

        Yeah, tax the company paid on their behalf. When the profits(dividends) transfer to you, so do the taxes(credits) And I'm still waiting to hear how a small change in behavior won't gut this tax of silk revenue. Can't avoid that..

        3 replies 0 retweets 0 likes
      6. Lorde de Voterati‏ @OzEquitist Mar 13
        Replying to @simrob72 @kriksto1953 and

        Maybe high wealth pensioners & retirees will start taking into account their own mortality & privilege & start spending some of the money they've stashed away, when they were enjoying a raft of other EXCLUSIVE tax rorts systematically denied to other taxpayers!? #AUSpol #AUSecon

        1 reply 1 retweet 0 likes
      7. gab.ai/simrob72‏ @simrob72 Mar 13
        Replying to @OzEquitist @kriksto1953 and

        Maybe people will stop assuming they are all rich?pic.twitter.com/atIvSJfyqY

        0 replies 0 retweets 1 like
      8. End of conversation
      1. Alison Hale‏ @AlisonHale24 Mar 13
        Replying to @australian @Adam_Creighton

        The whole tax system is being rorted by many! Scrap the part pension this is taken advantage by many!

        0 replies 1 retweet 2 likes
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      1. New conversation
      2. jjjjb‏ @Jillyj80 Mar 13
        Replying to @australian @Adam_Creighton

        So is the problem the 1.6 mill pension cap and exempt home from pension or the franking credit refund- these are all separate issues!! the franking credit refund will affect alot of smaller pension fund balances and low income folks

        1 reply 1 retweet 3 likes
      3. 1 more reply
      1. owen jones art‏ @last_jones Mar 14
        Replying to @australian @Adam_Creighton

        Most Australians would not know what 2 million dollars looks like.

        0 replies 0 retweets 4 likes
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      1. New conversation
      2. Stavros™ = Σταυρoς©‏ @dodona777 Mar 13
        Replying to @australian @Adam_Creighton

        What gets me is these rich retirees don't give a fuck about anyone else. It's only like John Lennon sang "I, Me, Mine".

        2 replies 0 retweets 1 like
      3. rlspruill‏ @rlspruill Mar 24
        Replying to @dodona777 @australian @Adam_Creighton

        That was George.

        1 reply 0 retweets 0 likes
      4. Stavros™ = Σταυρoς©‏ @dodona777 Mar 24
        Replying to @rlspruill @australian @Adam_Creighton

        Sorry, you're right. I should have said the Beatles :-)

        1 reply 0 retweets 1 like
      5. rlspruill‏ @rlspruill Mar 25
        Replying to @dodona777 @australian @Adam_Creighton

        No need to apologize, my friend.

        0 replies 0 retweets 1 like
      6. End of conversation

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