Audrina
9.3K posts


If you bought an investment home 10 years ago and sold it today, would you pay more or less capital gains tax under the changes in the budget?
Say you bought an existing $1m home in 2016 that is now worth $1.67m (the typical national gain this decade).
With the old 50% discount you pay ~23.5% of the nominal (if you start in the highest marginal income tax bracket), or $157k
The new proposed indexation firstly increases the nominal base by 35% inflation, so your real gain is $320k and you pay 47% on that, or $150k
So $7k less tax under the proposed new capital gains tax rules.
I was surprised at the complexity of some of the proposed tax changes. But the net rate of tax doesn’t change much on average - just more tax on abnormally high capital gains, and less tax on abnormally low capital gains.
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@strangerous10 Imagine being a pathetic government shill like you. How fucking embarrassing.
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For Sunrise viewers who couldn’t hear Tanya Plibersek over Nat Barr & Barnaby Joyce’s constant interruptions, what she said was
“Those who work for a living should not get taxed more on their wages than ppl who are living on their assets”✅
Hard to argue with that. #auspol
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@SkyNewsAust But no one can trust they won’t change their position again. This is what happens when you lie “for the 50th time”
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The Albanese government has dismissed growing concerns over a hidden death tax in the budget as a Coalition scare campaign.
skynews.com.au/australia-news…
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@MenachemV You can keep bleating about it but guess what, no one cares anymore. Zionism is a cancer to this world.
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More homes = more affordable housing.
That’s why we’re opening up this Defence site we no longer need in Hobart for up to 1000 new homes.
But building more homes is only part of the plan.
5% deposits for first home buyers. More homes being built. And changes to housing tax breaks to make the system fairer.
Because buying your first home shouldn’t feel impossible.



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A highlight of the week.
A little while ago Home Time reached out about subsidising community housing for people on youth allowance.
Now it’s been fixed in the Budget.
And yesterday Atlas and the team dropped in and gifted this beautiful piece of original blackout poetry art.
Thank you for this, for your time, and for your advocacy.

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@michaelsnape @mattsquair Why the fuck do you morons want to pay more tax or have anyone pay more tax just for the government to mismanage?
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@mattsquair Yep, it certainly captures their eating out and holidaying
Sydney, New South Wales 🇦🇺 English

Jenny and Matt 35/36 who build a software startup in their garage, have global customers and sell it for $10m, pay $4.7million in tax
George and Margaret 73/74 own a $5million home in Mosman, have $4.4 million in super and pay $0 tax on earnings, $0 CGT and $0 on their pensions
Sydney, New South Wales 🇦🇺 English

@JacintaAllanMP Good morning to those that don’t steal tax payer money. I guess it’s not a good morning for you or your cronies then.
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@ChrisNoble49255 @TimWilsonMP You’re a government shill. Govern me harder daddy. Pathetic.
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@ChrisNoble49255 @TimWilsonMP Why do you believe that the government should be entitled to your money when they waste it?
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This is a bad-faith budget built on broken promises.
How would these tax increases impact you? Share your story at notthetax.com.au
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@newscomauHQ Australia used to be the lucky country once upon a time, now it’s just the country that finds new ways to take more of your money to spend aimlessly. Fuck this
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Changes to the way electric cars are taxed will bring a welcome reprieve for a government looking for cash. news.com.au/finance/econom…
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@JamesMelville Let's be honest: Only the small children are innocent in Gaza, 90% of the Gazans support Hamas

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