Fiona

So, I’m now going to be taxed twice as much on my already taxed money that I’m using to try and save for my first house by a government who took none of the risk?

BEFORE: Start company Invest money (that has been taxed) Pay tax to hire people Pay salaries and more tax Pay tax on expenses to run it (GST) Pay tax on any remaining profits Pay tax on any dividends and income NOW: All of the above + if you defy all odds and actually sell your company pay 47% to the government. Australia is the worst western country to build a business in. Great work @AlboMP!

#BREAKING Anthony Albanese has been accused of burying a new “death tax” in the budget, dealing grieving families a fresh blow to their inheritances through what one expert calls a “thousand paper cuts” On budget night, Jim Chalmers, broke a number of campaign promises and abolished negative gearing on established homes and removed the CGT discount, not just for investment properties, but for all assets including shares, start ups and farms. The broken promise has led Mr Albanese and Mr Chalmers to be repeatedly grilled on the question of a death tax. But the budget already delivered a “death tax” disguised in the form of estate planning trust, the Testamentary Discretionary Trust, will now be hit by a minimum 30 per cent tax rate. Testamentary Discretionary Trusts are in 90 per cent of the wills drafted and the change would affect thousands of Aussies. Meaning money that you’ve worked hard for, has already been taxed and sitting in your bank account. Will now be hit with an additional tax of 30% They just want it all.

Furious landlords say they’re immediately hiking rents in response to Labor’s dismal negative gearing changes. news.com.au/finance/econom…

After five Budgets, Labor has come up with a massive new tax hike on everything, that is a sledgehammer on the economy and results in fewer houses.

Peter Stefanovic: “you’re not gonna tax the family home next?” Prime Minister: “No.” Peter Stefanovic: “And why would anyone believe you now?” The PM has created a massive credibility issue for himself!

We will oppose and repeal all of Labor's bad taxes. Labor's tax on property - by closing negative gearing - will go Labor's tax on investment - by increasing capital gains taxes - will go. Labor's tax on small business - by taxing trusts - will go. Labor's tax on non electric cars will go. Labor's tax on industry - through carbon taxes - will go. Labor's silent inflation tax - through bracket creep - will go. Taxes will be lower under a Liberal and Nationals Government.

The Albanese Government is sneaking in a death tax. No Australian voted for this. Share your story at notthetax.com.au

@DoylerMartino I'm a Labor Party member, have volunteered every election, and donated to the party. I have paid for my membership for this year, but I will not be a member next year.

@AAAALEFT You my dear are a born liar you were never a labor voter that's the thing about you lot you can't lie straight in bed

I'm a former ALP member. If you choose Andrew Hastie as your leader, I will join your party. I'm very disappointed with the government's CGT tax policy. Hastie will bring all Liberal voters who joined ON back to the Liberal party. #auspol

This segment hits hard: “For my husband and I, two school teachers, negative gearing was one way we could get ahead. You lied to get votes. Shame on this government, crushing dreams and telling lies”

Anthony Albanese has been dealt a major blow in the first poll since the budget was handed down. news.com.au/national/polit…

@JEChalmers You are making it harder for younger people. New properties in Sydney are more than a million $. My 30-year-old cousin bought his first home, an old unit for 600K. He couldn't afford the new one. Because of your policy, housing has become more difficult for the younger people.

This is a Budget that makes the tax system fairer for workers, businesses and first homebuyers.

I'm pretty disappointed with this budget! Where do I find more information on CGT changes? People are saying it's grandfathered. I don't read paywalled newspapers. #auspol

@littleaud1 @hpglassford @AlboMP Where do I find more information on CGT changes? People are saying it's grandfathered. I don't read paywalled newspapers.

@AAAALEFT @hpglassford @AlboMP I suggest you check . The changes only apply from budget night. .

I am a Labor Party member. I'm quitting the Labor Party. My mum, a retired high school teacher, invested her super in 2investment properties. In her advancing years, she will be paying a huge CGT bill. Always voted ALP, but now I will vote for my good Liberal MP. @AlboMP #auspol

@kirbs1245 @TimWilsonMP @JEChalmers @AlboMP I'm not an LNP shill. I was a Labor Party member. Never voted for my decent LNP MP. But I'm quitting party politics now. I'm voting for a good local MP who is a Liberal.

@AAAALEFT @TimWilsonMP @JEChalmers @AlboMP LNP shill...

Before the last election he said more than 50 times he wouldn’t touch housing taxes. How can you believe a single thing he says now. Share your story at notthetax.com.au

@SkyNewsAust Labor's 'intergenerational equity' is a marketing spin. Their new capital gains plan is basically just a tax grab dressed up in a fancy suit to make it look like they’re doing us a favor.

The Albanese government’s “disregard for democracy” was exposed after repeatedly lying about tax changes it revealed at the federal budget, a senior Liberal has claimed. skynews.com.au/australia-news…

@australian They are putting the boomer generation under the bus with their tax grab.

At least 20 out of 23 members in the Labor cabinet have declared they own more than two properties and will still be able to offset rental losses against their six-­figure parliamentary incomes. Read more: bit.ly/3PEzwH9

@AlboMP You are putting old people under the bus. Always trusted and voted for the ALP, but not anymore. All politicians are the same.

We're rolling out more tax cuts for working Australians now. Plus an extra $250 off working Australians’ tax bills permanently. And our new $1,000 instant tax deduction, no receipts needed. Because we know every bit of help matters.

@DailyMail They are liars; I don't trust them anymore.

Anthony Albanese refuses to rule out taxing the family home despite repeatedly being asked during Question Time trib.al/HpbRjH5