Not exact matches
This contrasts with proposed tax cuts for those in the middle
of the
income distribution of $ 1,000, or about 2 per
cent.
Some — but not all —
of the gains at the top
of the
income distribution were offset by a tax and transfer system that took an extra three per
cent of total
income and redistributed it further down.
For example, between 1960 and 1980, the figure above quoted had fallen to around 25 per
cent, but the following decades
of aggressive neo-liberal economic - corporate globalization we could witness alarming inequalities in the
distribution of wealth and
income that we have ever witnessed in the history
of humankind.
Some performance highlights
of the year included; Rasmala Global Sukuk Fund, which generated a net return for investors
of 4.97 per
cent; the Rasmala GCC Fixed -
Income Fund, which produced a net return
of 6.83 per
cent and Rasmala Leasing Funds 1 and 2, which have to date paid average annual cash
distributions of 12 per
cent and 9.2 per
cent respectively.
Either way, it's vital that every possible
cent in
distributions makes it back into the hands
of the investor — one
of the benefits
of investing for
income via dirt - cheap index funds.
However, ELSS and Ulips will now attract 5 per
cent income distribution tax at the hands
of the mutual fund or policy issuer.