Retired, living on a boat and trying to keep my feet dry. Lapsed blogger. What went wrong ? Politics, that's what... https://t.co/uZC5W3rFH9
May 28, 2019 • 7 tweets • 5 min read
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. #auspol2/7 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
