The capital gains discount removal is bad for anyone with any investments, and people without any investments aren’t going to be any better off because of it.
They basically had to include all capital gains because otherwise the consolation tax cut wouldn’t be worth the paper it’s written on. The $250 annual WATO is small, but it’s big relative to the amount the average Australian’s investments will suffer.
Do you see this being challenged anywhere? I’m only on piefed, and it all seems pretty sane here. And IRL the groups I move in get it. But there are plenty of others who could undo it all.
I almost feel like putting up posters around the neighborhood or something.
It’s crazy how hard the media has been working to convince millions of Aussies trying to make ends meet that these changes are somehow bad for them.
The capital gains discount removal is bad for anyone with any investments, and people without any investments aren’t going to be any better off because of it.
They basically had to include all capital gains because otherwise the consolation tax cut wouldn’t be worth the paper it’s written on. The $250 annual WATO is small, but it’s big relative to the amount the average Australian’s investments will suffer.
A $250 tax cut isn’t worth the paper it’s written on.
Do you see this being challenged anywhere? I’m only on piefed, and it all seems pretty sane here. And IRL the groups I move in get it. But there are plenty of others who could undo it all.
I almost feel like putting up posters around the neighborhood or something.