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    Amount able to be earned in dividends and not pay tax

    For the 2011 year, you can earn $99,234 in franked dividends (and nothing else) and not pay tax. $99,234 x 10 / 7 = $141,763 in taxable income. $99,234 x 3 / 7 = $42,528.86 in franking credits. Tax on $141,763 = $42,528.75 11 cent refund. For the 2012 year, you can earn $94,315 in...
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