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12 Apr 2019 Shorten’s imputation credits

MEMBER 69 writes: 

Dear TaxVine, 

Please correct me if I am wrong. Under the Labor policy of denying imputation credits beyond the level of tax payable, has anyone considered the impact on say Seniors Health Care cards, where, in order to qualify, taxable income of an individual must be less than $54,929. Taxable income includes imputation credits – so now you lose the benefit of the credit, but it is still included as part of taxable income. I presume that this approach will also apply to other Government benefits as well.


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