Re: $200mill package to Ford, Holden, Toyota to offset FBT changes
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Quote:
Originally Posted by zilo
***Yawn**** DEPOSIT TAX??
just another scaremongering political slogan.
It's 0.05% on those deposits over 250,0000 bucks...
instead of $12000 interest a year the poor rich bloke only gets $11875.... 
It won't be taken out of an account, it's a reduced interest rate.
Just shows how stupid this election has become in scaring pensioners unnecessarily by Abbott and his desperate crew. |
Err not correct.
Its .05% on accounts upto $250,000. Not over $250k
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