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.
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They are not proposing to tax the family home just closing the loophole for wealthy retirees.
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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?
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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.
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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. -
Poor people don't own shares, simple.
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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? -
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.
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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. -
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".
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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..
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Maybe people will stop assuming they are all rich?pic.twitter.com/atIvSJfyqY
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The whole tax system is being rorted by many! Scrap the part pension this is taken advantage by many!
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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
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Most Australians would not know what 2 million dollars looks like.
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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".
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That was George.
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Sorry, you're right. I should have said the Beatles :-)
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No need to apologize, my friend.
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