@blowingtom2 @JohnOBrien101 Yes but I am asking about the new landlord
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Banana Republic
2.7K posts
Banana Republic
@RepulicBanana
Aussie looking after the interest of his family and fellow Australians (not in order).
Katılım Mart 2025
96 Takip Edilen115 Takipçiler
@RepulicBanana @JohnOBrien101 No. There are zero changes to existing landlords. They have been grandfathered into the legislation. All deductions they currently receive remain the same
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To all the renters here who support the current changes to CGT & Neg Gearing have you stopped to think that this will cost your landlord more now?
And guess who is going to pay?
Yep, renters are the ones funding these latest tax grabs.
Many currently struggling.
That’s your ALP🤷♂️
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@KillAuDeepState It’s really difficult to sell increase in CGT for shares when the intention behind this change is to ease the housing market. Hopefully they will listen to feedback over the next 12 months and will fix some of the teething issues
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So the Australian Treasurer introduced a tax increase on shares to compensate for shares being overtaxed.
His explanation makes as much sense as the senseless tax increase.
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Banana Republic retweetledi
@terrancebradley @TimWilsonMP Exactly! The business people are philanthropists and should be rewarded with a bonus from the government each year instead of taxing them.
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@TimWilsonMP It’s outrageous! Taxation should be reserved for wage earners only. Anyone making a profit on a deal not only shouldn’t pay tax but should be rewarded with an extra bonus from the Government.
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So many self-starters are sharing their stories about how the CGT changes will impact them. Share yours at notthetax.com.au
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@NoelWhittaker Wow, just wow. Noel has completely lost his brain over tax reform. He just can’t digest the fact that baby boomers like him won’t be getting as much subsidiy as they did in past. What a shameless prick
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The Budget exempts "Age Pension recipients" from the new CGT rules. But the Budget papers are silent on a glaring question:
Does a couple collecting $5 a fortnight in part pension—sitting on $1 million in assets and a $5 million mansion—dodge the entire 30% minimum CGT?
If the answer is yes, this isn't tax reform. It's a farce.
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@AvidCommentator We sure will and much needed. PS. I am not in the market to buy
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Given everything that has happened since the budget, I'm thinking we might see a new cycle low in auction clearance rates tonight in Sydney and Melbourne, what do you folks reckon?
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@Ausbobsmit My tweet is halal certified 😁 I hope it hurts 😜
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Banana Republic retweetledi
Old white make boomer admits that trusts are used to cheat the rest of us
The trust doesn’t “earn” $180,000. Someone made decisions, took actions & did something to earn that money
The trust is just a vehicle to launder the money to three people instead of one
Overdue change
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@NoelWhittaker Surely the seniors can afford it from the $180k in trust distribution?
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The government just cut private health insurance rebates for 2.6 million seniors to save $482M — but actuaries say it'll cost public hospitals $547M extra.
So they slugged the elderly, gutted private health, and lost money doing it.
Intergenerational equity? More like an intergenerational own goal. 🤦
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@justbeans4 Yep; my 7 year old was asked by her teacher what she wants to be when she is grown. She said, landlord - like my daddy! /s
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One of the worst things about australia is that part of the Australian dream is to become a landlord
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@sjbutts @KaptinYap If Noel is bad at presenting then I am sorry to say that you have made things worse as I honestly have no idea whether you for or against.
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@KaptinYap He’s not very good at presenting an argument but the main issues become admin things like managing payroll, superannuation and workcover. The bigger issue is passive income and affect on stay at home parents
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What am I missing here?
Ok… so justify the wage then.
Noel Whittaker@NoelWhittaker
I'm running numbers on family trusts. If the trust owned by mum, dad, and 19-year-old daughter earns $180,000 a year and they distribute $60,000 to each the tax will be three times $9,000 = $27000. At 30% flat, it's $54,000. That's double - The only way out is to change distributions to wages, but they must be able to justify the wage. It's a shameful attack on business
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Nat Barr grills Jim Chalmers with a viewers question live on air:
“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”
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@ajamesbragg Can you spend less on your giant picture and more on a quality mic so we can at least hear you properly!
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The giant new tax that punches down on younger people.
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@nbhorse @MarkGottlieb Bull crap - it’s an accounting entry and I bet the 19 year old hasn’t seen a cent off $60k
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Sounds to me like three people are being paid through a trust as a tax minimisation strategy.
Noel Whittaker@NoelWhittaker
I'm running numbers on family trusts. If the trust owned by mum, dad, and 19-year-old daughter earns $180,000 a year and they distribute $60,000 to each the tax will be three times $9,000 = $27000. At 30% flat, it's $54,000. That's double - The only way out is to change distributions to wages, but they must be able to justify the wage. It's a shameful attack on business
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@sspencer_63 @jimbosteen1 I bet the 19 year old hasn’t seen a cent off it and it’s not a cash that gets transferred three ways but just an accounting entry to minimise tax.
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@jimbosteen1 No, not at all, but that’s not what’s being asserted here.
The example is specifically of a 19 year old being paid $60,000 from a trust that is being divided three ways from a single income of $180,000 to minimise tax.
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In this scenario a 19 year old is getting $60,000 a year. Do the people who do these examples ever realise how absurd they look to the other 99% of the population? And how they just reinforce the need for this crap to be stopped?
Noel Whittaker@NoelWhittaker
I'm running numbers on family trusts. If the trust owned by mum, dad, and 19-year-old daughter earns $180,000 a year and they distribute $60,000 to each the tax will be three times $9,000 = $27000. At 30% flat, it's $54,000. That's double - The only way out is to change distributions to wages, but they must be able to justify the wage. It's a shameful attack on business
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@Lock322 @sspencer_63 Average family earning $180k via a family trust! What world do you live in?
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@sspencer_63 The point being, this not an example of a wealthy family paying more tax. It is an example of an average family having more taken from them. This is not the flex the government thinks it is
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@sspencer_63 If someone like Noel feel entitled for tax subsidies; they brag about it with no shame at all. Doesn’t take a genius to figure out how big of dick he made him look like with that tweet.
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Congratulations to the investment banker who secured his dream home in the beautiful suburb of Lakemba with his mortgage guaranteed by his co-parent, Anthony Albanese
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