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Yeah I got it. Thanks

ok, so franking credits will count as tax paid on other income. For some reason I thought it may be something like the way Capital Gains are treated, where a capital loss can only offset another capital gain.

Thanks, I guess what I meant was... if I earned $ through fully franked dividends, and after deducting the income tax payable, there's a few $ left over, will those $ count as "tax already paid" on other income earned where income tax hasn't yet been paid ? I had a feeling the answer would...

Too true, that's why it was so surprising to find out what fully franked dividend meant.

Someone roughly sort explained it to me, then sometime later it sort of clicked. I thought I was the only one though ! now though, I don;t get as surprised when talking with people about this, even the ones who maybe purchasing or have purchased shares or get a few shares as part of their...