Proud OLD Soldier
58.3K posts

Proud OLD Soldier
@GrumpyOLSoldier
Fmr Soldier (ARMY 74-99 - Service No. 7803878), Farmer & Proud Aboriginal/European Australian. White Father, Black Mother. Tired of the Hypocrisy of Racism

This is Emily (hypothetical). She is 22 years old and works part time at a supermarket while at uni, she is very frugal and puts most of her pay into index fund ETF's. When she sells those she will be slugged at 30% minimum capital gains tax, despite being a low income earner.



Young Australians shouldn't have to rent forever.

Is this the beginning of the end for Labor? From the budget lockup in Canberra, John Rolfe argues the ALP may come to regret breaking election promises by winding back negative gearing and the capital gains tax discount. #federalbudget #budget2026 #costofliving #auspol

People on here laying out how they’ve EXPLOITED loopholes in the tax system as part of their whining about now having to pay tax on the assets they’ve had hidden in children’s names is truly amazing We don’t have sympathy for you FINALLY having to pay tax on “investment” income



During the treasurer's budget speech tonight, Australia’s billionaires got $560,000 richer. While they're accumulating wealth for doing literally nothing, you’re working harder and harder and falling further behind. Nothing in this budget changes that. It's time to tax the 1%.


This isn’t just about property. Proposed CGT and negative gearing changes could impact investors, business owners, entrepreneurs, and start-ups across Australia. Australians were told these changes weren’t coming, then the rules changed. It’s about trust. #CGT










