Makes no sense. Tax the mega corporations and commodity companies before taxing genuinely hard working/intelligent investors.
11 months ago | 5
Successive governments have not optimised the mineral resource taxes and chose instead to target Australians. That said, $3M is too low for 30% super tax to kick in. Should be above $5M.
11 months ago | 2
Money grab to pay for labor’s waste. They’ll leave it at $3m unindexed too so it catches more and more. Tax consumption, not effort and strategy, GST should be 25% on everything and income tax should be a super low, flat rate. If you’re ‘rich’ and want to spend money on private schooling or Botox, fine, you pay the tax on consumption….. if you want to pay less tax, you consume less. But everyone is rewarded for their efforts equally.
11 months ago | 1
Is it getting indexed to inflation or better yet currency debasement? If so yes I'm okay with it. But it's probably another thax they will slowly release on the poorer people too.
11 months ago | 0
People will stop investing. Jobs and production will suffer. Innovation will suffer. Will the gov give money for unrealized losses. Cause people will have to pull money out to pay the tax. There will be a selling spree. Prices will go down. People will hide their money. The government will get less money. They should spend less and at home first.
11 months ago | 0
What about it being "unfair" on people who have used super intelligently to pay 0% cgt once they are 60 and not the "rich because you have 3m+" but smart for having achieved those goals.
11 months ago | 0
Incredibly biased and disingenuous, leading wording on this poll! Pushing a definite agenda there mate
11 months ago | 0
Luke Wiles
What is your opinion on the unrealised capital gains tax being introduced in Australia?
11 months ago | [YT] | 2