Discover and read the best of Twitter Threads about #frankingcredit
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How good are Franking Credits?... A thread 1/7
Go for that tax give away if you can get it.
Gather up every last cent in #Frankingcredits where possible...
And then redistribute it.
Be the govt we don't have.
#auspol
Go for that tax give away if you can get it.
Gather up every last cent in #Frankingcredits where possible...
And then redistribute it.
Be the govt we don't have.
#auspol
2/7 The #frankingcredit handout that goes mostly to shareholders with $2 M or more is set to continue indefinitely.
Over the next 10 yrs we'll need to find $58B for fund tax refunds to ppl who pay no tax.
And the election has simply made more ppl aware of this free money.
#auspol
Over the next 10 yrs we'll need to find $58B for fund tax refunds to ppl who pay no tax.
And the election has simply made more ppl aware of this free money.
#auspol
3/7 There have now been calls to broaden or increase the GST to fund this unsustainable give away.
The media have forecast cuts to govt services to raise revenue.
No matter which way you look at it, the poor will be paying long & hard, for this #frankingcredit 'gift'.
#auspol
The media have forecast cuts to govt services to raise revenue.
No matter which way you look at it, the poor will be paying long & hard, for this #frankingcredit 'gift'.
#auspol
