TMAN

@TAFEdefender Tax is spent very carefully isn’t it? theguardian.com/australia-news…

#insiders Albanese doesn't take your tax. Its used to pay for healthcare, education & infrastructure ffs

@angelar68197975 Labor hasn’t championed workers for a very long time.

One Nation has never championed workers. Never

@TheKouk Have any of those making policy ever had a job outside of politics?

Most of those ferociously complaining about the budget have never worked in public policy, never had to consider balancing the huge issues in a $800 billion a year budget, never implemented reforms that impact all 28 million Australians, never copped the public hate campaigns against them & their families. We are seeing the lid being lifted on the priorities of those people.

@AshPolitik The Albanese bullshit meter is breaking the needle.

The "death tax" scare campaign is the laziest dog whistle in the playbook. Here are the facts straight from the Budget papers and ATO: Inheritance isn't taxed. Estates aren't taxed. Farms are exempt. Small business CGT concessions are retained in full. Existing testamentary trusts are grandfathered. Fixed testamentary trusts can still be set up for new wills at zero extra tax. The only change: new discretionary testamentary trusts created after 12 May 2026 will pay a 30% minimum on trust income from 2028. There are about 10,500 testamentary trusts in Australia — 1% of all trusts. And only the discretionary, income-splitting variety set up from now on is caught. 30% is what a nurse on $80k already pays on her top dollar. The Right isn't defending battlers. They're defending the tax planning industry that lets wealth split income across grandkids and bucket companies to pay less than wage earners on the same money. If you want to leave assets to your kids, nothing stops you. What's stopping is the loophole.

@AshPolitik Then why bother changing them at all and causing all this trauma?

@JBiemansj34267 @realRick_AUS If you don’t know what a lie is then go and seek guidance from your parents or close friends. Then book in for therapy.

@realRick_AUS When is a lie a lie. The opposition is spreading misinformation about the effects of the budget knowingly. Is that lying. Are you lying to gather support for the next election , state and federal.

Wouldn’t have to defend it if he hadn’t lied to the Australian people and took it to an election Something he refuses to acknowledge

@cicohipe @realRick_AUS Why the lying and deceit then? Trust may not be important to you but to many other people it is very important.

@realRick_AUS This is frankly a weak argument. If something is clearly broken, then you change your policies to correct it, you don't stubbornly keep going down the same path because "broken promises".

@news_australian Agree and what’s best about him is he never lies. Ever.

Do you support Anthony Albanese being awarded Australian of the Year? More than 100% of Aussies approve of his Smart & Masculine Leadership. All agree that Albo’s the best PM ever. He’s a straight talker & achieved everything beyond expectations. Yes or No? #auspol #albanese

@2020digging @cjoye That’s absolutely not what he is saying. Do you know a synonym for the word Moron?

@cjoye So you’re saying that if investors buys dud shares the public must bail them out? Are you for real?

I did not realise they were taxing gross rather than net gains… AFR: Investors with diversified share portfolios making a mix of gains and losses compared to inflation could face tax rates of more than 100 per cent on real gains, due to the Albanese government not compensating investors for underperforming stocks. A former senior Treasury tax official and a hedge fund manager both warned that people with a diversified portfolio of shares could face tax rates 50 per cent higher than Treasury calculated… Chalmers’ office and Treasury were contacted for comment on Thursday about whether real losses would be indexed to inflation. Under another example, an investor buys shares in Coles and Woolworths, with one outperforming inflation and the other underperforming inflation. The overall real return is zero after inflation, but the investor would pay tax on the winning stock. If an investor instead bought an ETF of supermarkets with the same overall result, they would pay no tax. afr.com/policy/tax-and…

@adrianjw73 @MelEwards202626 @elg123 @BenFordhamLive You stupid old bag of swamp gas. It’s a $25,000 trust. Set up by their dead Father to help his kids get ahead without him. Real big time tax dodgers.

@MelEwards202626 @elg123 @BenFordhamLive Big LOL. They’ve been dodging tax in that discretionary trust for decades & now crying they have to pay a bit. Cry me a river 😭

*** EXCLUSIVE *** 2 children grieving the death of their father have been dealt another blow. The inheritance left to them will now be hit with a new tax on discretionary trusts. Their uncle Rod says “it's unfair and cruel.” Listen to his full conversation with Ben HERE. 🎧omny.fm/shows/ben-ford…🎧

@BenPhillips_ANU When you add in fuel excise, gst etc it actually will come out to more than 2.5days but anyhoo..,

Those with a taxable income of $200k pa face a marginal tax rate of 47% but average rate of 30%. So technically, a day and a half not 2.5 days but anyhoo..,

@just_brash When an investor buys shares, it is done from savings already taxed by the investor.

Why should business people and investors pay less tax than PAYG workers?

@ronInBendigo @SkyNewsAust Who approved his spend?

@SkyNewsAust He should have been sacked. Or put against a wall and shot.

A senior executive at the Bureau of Meteorology who led its controversial $96 million website overhaul is stepping down after months of backlash. skynews.com.au/australia-news…

@toiletpaperaus1 All politicians are wealthy elites. Tony Burke : 4 investment properties (out of 6 total). Andrew Charlton (Assistant Minister): 5 residential investment properties. Anthony Albanese: 2 investment properties. Tanya Plibersek: At least 2 investments (out of 4 total).

Just a reminder that Angus Taylor owns or holds interests in an estimated nine properties. The same Angus Taylor who wants us to believe that immigrants are the reason we can’t afford to buy a home.

@DrRitaDed Thank you, Comrade. Please tax the 1% into bleeding ruin, seize every gain, smash investments, chase every jobcreator and entrepreneur to Singapore. Brilliant! Once done let us all enjoy eating that golden goose.

I'm so grateful to the Australian government for all the new taxes on the wealthiest 1%. No one should be able to own investments without paying most of the gains as tax, it's just common sense. Contribute to others more in need. Thank you Albo

On cue, the leftist cynic slithers in, reducing a sophisticated, multi-purpose estate planning tool to nothing more than “tax dodging for the rich + hiding cash from exes.” Completely oblivious (or just wilfully ignorant) of its far broader legitimate uses such as asset protection, family succession, charitable intent, business continuity, assistance to those with special needs. But why let reality or nuance ruin a good class war talking point or shitty government budgets ? 🤣🤣🤣

@CampbellNewman @SimonBanksHB What are the motivations behind setting up these trusts? I suspect it's tax mnimization or protecting family assets from divorce, I mean you don't want the mother or father of your children or grandchildren to get a cent of the family's money.

You obviously dont understand what you are talking about @SimonBanksHB Large numbers of Australian's have made their Wills and provided for the creation of Testamentary Trusts - when they die. Those Trusts dont exist right now - because the Mums and Dads are still alive. So how are these Trusts "grandfathered" ? The answer is that they are not "grandfathered". And they will be taxed at 30%. So for all the journalists out there - don't believe the ongoing claims of the ALP and their hired help.

No. This is one of the biggest unresolved political questions right now. The answer appears to be: Partially grandfathered but not fully. From the reporting so far: negative gearing appears to have much stronger grandfathering protection, while CGT changes appear only partially grandfathered.

@liberalistic101 Existing trusts grandfathered All future trusts treated the same as other trusts

If you repeat the line "death tax" as a journalist Without making clear it is an LNP or conflicted tax adviser's talking point that has no substance in fact or law Then you aren't a journalist There is literally no element of the ALP's policy that supports that claim

No. Under the proposed Chalmers changes: - the 50% discount would be replaced by inflation indexation, and a 30% minimum tax on net capital gains would apply from 1 July 2027. This is far from “exactly the same”…. In fact estates that sell then distribute ( as in the example being posed ) would likely pay much more tax. Hence this is a death tax by stealth. Journalists MUST ask more questions about this!

@atwilliams0708 They are treated exactly the same way they are treated today

Oh, bless your heart. Those delusional narcissist founders who “built the business” are just so ungrateful for Big Government’s warm, loving embrace. How dare they act like their ideas, risks, 80-hour weeks, and personal guarantees had anything to do with it? Clearly, the government fairy sprinkled magic “civil society” dust and—poof!—the business came to life.

“Founders” thinking they “built the business without any help from government” are generally delusional narcissists Government provides -Educated & trained employees -The rule of law -Roads, rails, NBN, electricity, gas & water for your workers, products & services -Civil society

@lilyjayofficial Stick to the Gold Coast. Be thankful there are no Rape Gangs there.

Is anti immigration ACTUALLY the answer UK?🤔