Dick Smith: "I am car radio installer, not a financi al geni

That what he said in the Sydeny Mornful Herald (July 20)
https://www.smh.com.au/national/it-s-franking-ridiculous-and-dick-smith-says-so-too-20190719-p528ye.html

 

[Computer Nerd Kev]

bruce56@topmail.co.nz wrote:

That what he said in the Sydeny Mornful Herald (July 20)
https://www.smh.com.au/national/it-s-franking-ridiculous-and-dick-smith-says-so-too-20190719-p528ye.html

Seems to make sense in context. What's the point with regards to
electronics? Besides that he sold a lot more than car radios.

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[Sylvia Else]

On 21/07/2019 10:51 am, bruce56@topmail.co.nz wrote:

That what he said in the Sydeny Mornful Herald (July 20)
https://www.smh.com.au/national/it-s-franking-ridiculous-and-dick-smith-says-so-too-20190719-p528ye.html

He'll pay it back to the government in the form of income tax on his
dividends, since he no doubt has the highest marginal tax rate - if only
because of all that dividend income.

The franking-credit refund is just an exercise in accounting, and I'm
surprised he doesn't understand that.

Sylvia.

 

On Sat, 20 Jul 2019 17:51:16 -0700 (PDT), bruce56@topmail.co.nz wrote:

That what he said in the Sydeny Mornful Herald (July 20)
https://www.smh.com.au/national/it-s-franking-ridiculous-and-dick-smith-says-so-too-20190719-p528ye.html

https://i.postimg.cc/c4rbf75W/mGOD.jpg

 

[news18]

On Sun, 21 Jul 2019 12:33:50 +1000, Sylvia Else wrote:

On 21/07/2019 10:51 am, bruce56@topmail.co.nz wrote:
That what he said in the Sydeny Mornful Herald (July 20)
https://www.smh.com.au/national/it-s-franking-ridiculous-and-dick-
smith-says-so-too-20190719-p528ye.html


He'll pay it back to the government in the form of income tax on his
dividends, since he no doubt has the highest marginal tax rate - if only
because of all that dividend income.

err, if the goanna could minmise his ncome tax, why do you think dickles
wont?

The franking-credit refund is just an exercise in accounting, and I'm
surprised he doesn't understand that.

He does, but probably suffers from irrelevancy symdrome.
His back ground is that he started the rush in importing cheap and nasty
crap from OS and undercutting australian manufactuers of quality.
Results, just about , all exlecxtronics is crap now.