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by T2_t2
2671 days ago
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Depends on the tax code. In Australia, corporate taxes are passed down as a deduction to real humans. So if I get a fully franked dividend (fully franked means the company paid the 30% company tax) of $70, I also get a tax credit for $30. If my marginal rate is > 30%, I pay the difference (e.g. 50% means I owe $20) but if it is lower I get a refund - the marginal rate is 19% up to $37K, so those people would get a refund of $11. This seems to me a sensible law, as doesn't double dip, and foreign owners don't get the credit, so the government does get a smidge more revenue, while not F$%^ing over their citizens. |
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