That is the 15%. 85% don't
Replying to @malchap1
You’re ignoring the cost impact it will have nonetheless on them just to restructure. As others are pointing out, for the vast majority it won’t change the tax they ultimately pay yet will incur this additional cost for absolutely no gain.
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Most small businesses (85%) do not operate trusts. So how is this hatred of small business?
The median net income (ie profit) of a trust carrying on a business is $74,700.
Chalmers wants to tax every cent of that at the same average rate that applies to a person with ~$0.23m taxable income.
Where does his hatred of small business come from?
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Why was Chloe Scheer allowed to take 60 secs off the clock when shooting for goal? Thought it was 30 secs #AFLWCatsDogs
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Simeone tell the dropkick from FOX, Theo, it's not "Tom Wilson's men who got tge job done" they are women! #AFLW
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Never thought I would see the day when a trade union is preferencing the racist One Nation ahead of Labor, but here we are!
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Mal Chaplin retweeted
Richmond wants to host Carlton on Friday night at the MCG in Round 1. The last four R1 meetings between the two teams have been decided by two goals or less - including a draw - and all drawn more than 74,000 people. Just saying.
The fixture makers will have plenty of options to choose from as far as marquee clashes, but what does your club want?
READ 👉 bit.ly/3WnJJL4
Mal Chaplin retweeted
Male violence against women is a stain on this country's soul, and the scourge continues to a backdrop of apathy from politicians, media & too many men. The time to act is NOW. Come on guys, speak up! I'm going, will you join me?
RALLY: 11:30 AM Saturday 24th at State Library followed by march to Parliament
He didn't
Hey @AlboMP …you were quick to label the Wangaratta tragedy as a terrorist attack but not the Bondi massacre
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So 9000 ineligible businesses ripped off ordinarily Victorians. Who would have thought
MORE GOVERNMENT CORRUPTION COVERUPS.
So the Victorian anti-corruption commission has unveiled corruption and of course all we get is crickets. 👇
No charges, no names, no accountability.
Covid was rorted in so many ways - it’s time people were brought to justice.
To fight systemic government corruption sign up to Peoplefirstparty.au today.
•••••••••••••••
“More than $250 million in COVID-19 support was paid to 9,000 ineligible Victorian businesses, but senior public servants never reported the payments to the minister, an anti-corruption commission probe has found.
A special report by the Independent Broad-based Anti-corruption Commission (IBAC) found that in 2021-2022, public servants suspected that $285 million may have been paid to businesses that had backdated their GST to qualify for the payments.
Rather than report the design and application error, three public servants withheld information in briefings to the then-minister for industry support, Martin Pakula.”
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Tell Karl Marx that!
Replying to @BladeoftheS
Many people certain that they are in fact the Middle Class is exactly why the Middle Class was invented.
Because everyone wants to think they are rich and 'better' than other people.
Then they need to vote for the 'better' people party.
Scam is 360 years old and still works.
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Using a trust for tax minimisation. Who would have thought?
Imagine my sister and I run a dog grooming business in a trust
We work in it full time and share the $0.2m annual profit 50/50.
This year our overall tax rate is 22.5%.
The new 30% tax is a 33% increase in the tax on a business with modest profit.
Clare calls this “fairer”.
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Nothing like transparency 1 week later!
Brisbane's high performance manager served a one-match boundary-line ban last week, @emrosepatterson reports. afl.com.au/aflw/news/1628873…
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Mal Chaplin retweeted
It’s time to pull the plug on Nick Dal Santo. He is a great of the club, but there is little to be gained from him staying for the remainder of the year. Get on with it and start a proper process to find the best FULL TIME coach, and take the AFLW program at St Kilda seriously.
Price gouging!
Hey @AlboMP I just paid $6 for a small cappuccino that yesterday only cost me $5.30. But thanks for scrapping the surcharge. I’m so grateful you stupid clueless brain rot cunt
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Sheer opportunism by Wilkie
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