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.
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.