Rosalie has become the face, or the name at least, of Scott Morrison’s campaign against reeling back John Howard’s franking credit cash giveaway.
“I saw Rosalie today, I talked about her yesterday at the launch, she lives in Perth, in Ken Wyatt’s electorate. She has $1,800 of her 30,000 income which comes in the franking credit support that – not support, it is the pass-through of the tax that the company has already paid through to her as a shareholder. $1,800 out of a 30,000 income.
Bill Shorten calls that a gift. You know what she uses it for? She pays her private health insurance with it. She is taking care of her healthcare needs.
She is on a $30,000 income a year. I take my hat off to her. She has done an amazing job. She was a school teacher.
She is not making any complaints, except if the Labor Party change the rules on her.”
For starters, Rosalie, having been a teacher, would have retired with some superannuation. She can thank Labor for that.
Secondly, in order to be affected by Labor’s proposed changes, she must not qualify for even a part pension. An annual income of $30,000 certainly wouldn’t preclude her so she must have assets beyond the threshold.
A single person has to have assets over $567,250 above and beyond their home, or $774,250 if she doesn’t own her home, to be ineligible.
If Rosalie has a partner, they would have to have assets of over $853,000 to be ineligible, or $1,060,000 if not a homeowner.
To receive a franking credit refund of $1,800, Rosalie must have received share dividends of at least $6,000.
Rosalie may not be a squillionaire but she certainly has enough assets to have some choices about how she organises her affairs.
Unlike people whose only income is the aged pension. Or worse still, Newstart.
So if the government is going to give a cash handout, should it go to Rosalie or should it go to those who are actually living in poverty who cannot even afford to see a doctor let alone entertain any notion of private health insurance.
[textblock style=”7″]
Like what we do at The AIMN?
You’ll like it even more knowing that your donation will help us to keep up the good fight.
Chuck in a few bucks and see just how far it goes!
Your contribution to help with the running costs of this site will be gratefully accepted.
You can donate through PayPal or credit card via the button below, or donate via bank transfer: BSB: 062500; A/c no: 10495969
[/textblock]
