Oztm

@goodfoodgal Careful now. “it’s time” was Gough Whitlam’s campaign slogan.

Australians are drowning in TAX. It is time to say enough is enough. We cannot keep giving away everything to wasteful & incompetent governments ,leaving the majority of hard working Australians struggling. It really is time.

@Ryandally08 Ah. The rules are the rule? Ok, if you can’t change THOSE rules that benefit you, you must also leave negative gearing and trusts alone. See how that works, dickhead?

Anthony Albanese looks on smugly as Nat Barr reads out viewers texts fuming at the outrageous spending of politicians, including Albo, on the taxpayers money. And then turning around and hiking taxes in the budget. Albo retorts “the rules are the rules”

@Voiceofrea97904 @craigkellyAFEE @k_mahlburg My guess is they see so much Labor propaganda published to social media (paid for with their taxes) they think al must be ok.

@craigkellyAFEE @k_mahlburg I see the under 35s are still asleep at the wheel while their future prospects are being obliterated Are they blissfully unaware or just a bit dim?

Historic rejection of Labor’s bugdet. The Australian reports …… "Jim Chalmers and Anthony ­Albanese’s big-taxing budget has been rated the worst for the economy since 1993, with younger Australians unconvinced that Labor’s new measures will reduce inflation or deliver on ­intergenerational equity and housing".

@JoshJenkins24 Not really. If you’re forced to deal with remote then you do it properly. Hire people in other states or countries.

I’d be spewing on this if I owned a business of scale

@MarkAlanThomson @MarkAlanThomson nobody has their nose further up his arse than you. Congratulations - you win first place in the ridiculous quest to please a person who could give two shits about you or anyone of his constituents.

Jim Chalmers has got to be one of the best politicians Australia has got - smart, articulate, no nonsense and consistently across his portfolio. He'd make a good Prime Minister one day. #insiders #auspol

@Matt_Camenzuli Unfortunately he’s more conniving than that. Forcing extra money into Super now that he has increased the tax on this is diabolical.

Jim Chalmers as a treasurer, is like the technology enthusiast that played with the router - he changed so many settings he didn't understand, that the only way to fix it is hit the hard reset and call tech support. What a mess.

@MarkoMatvikov “Make them pay extra tax on balances over 3m….”…. “Now force all trusts into super”

“Direct all investment into super” “Done” “Now raise the age they can access it”

@PubPoliticsAU @cjoye What they are doing is fucking with the retirement plan of small business owners. That’s a more efficient way to describe it right?

This is wild. A small business would only pay CGT when doing things like selling the business or disposing of a business asset. To pretend this is going to effect the day to day income and profits of a small business needs to stop. The government is not taking 50% of the profits of your small businesses. You pay the standard income and business tax like everyone else. You sell the business, you get a capital gain, You pay tax on that income! Why should you get a 50% discount when no one else does... Its time to get fair and on a level playing field with the rest of the country.

Labor’s new capital gains tax of up to 46% to 47%, which is far and away the highest in the world, hammers all businesses, including small companies, harder the more successful they become. By applying the most expensive CGT regime in the world, Labor is taking almost half of the upside of any successful firm, encouraging owners and executives who own shares in the business to look at relocating overseas. The question, however, is how many small businesses will actually pay this tax in practice. We prepared the following simulation to highlight the impact. We took the long-term 20 year returns from Cambridge Associates for smaller venture capital companies, which grow by 12.2% pa. We adopted the ASX equity market volatility of 15% pa, which would understate the true volatility of small firms (and thus lead to a lower proportion of very high growth companies paying 46-47% tax in our analysis). We then ran a simulation to estimate the proportion of businesses paying CGT of more than 40%. We find that within 10 years more than half of all Aussie small businesses will be hammered by CGT over 40%, which rises to 78% of all small businesses by 20 years... By giving Australia the most uncompetitive business valuation tax in the world, this policy will crush innovation, entrepreneurship, spending, productivity, growth and our global competitiveness. We already have among the lowest productivity growth rates in the world: by reducing productivity further, we could raise the cost of living, inflation, and interest rates.

@brockpierson Raftaway River

First thing that comes to your mind when you see this

@javarevisited Examine query plans to identify unexpected table/clustered index scans. Review indexes on filtering columns. Also find and destroy any user running ad-hoc EXCEL data extractions during that time. “Recent Expensive Queries” report on MS SQL can pinpoint who to aim missile at.

Interviewer: Your API latency increased from 100ms to 8 seconds overnight. Monitoring shows “healthy.” Users disagree. What’s your debugging approach?

@richardhirschs1 Phew! Lucky the budget relies on capital gains!

⚠️The RBA will need to raise rates in June into an energy crisis and property crash. Australia is being swept up in the global bond market sell-off. Central banks can either save the bond market (and with it the property market), or the currency. They cannot save both. The Australian economy is about to fall off a cliff.

@robertveneziano @Nobody_But_M3 @Bedeapk Define massive? You aren’t talking about the Gina Rienharts of this world.

@Nobody_But_M3 @Bedeapk If every family has assets then why aren’t they more widely used? Oh that’s right. To minimize tax and constructed in a way that you need massive wealth to have them. kk

Trusts aren’t businesses - they are tax minimisation schemes and always have been.

@OnSpeculator Insane rubbish from a guy who “earns” $900k per year from channel 10.

You're such a moron Waleed Aly. How do you OWN an asset (other than by an inheritance if you're lucky) without first WORKING FOR AN INCOME to buy that asset.

@hughriminton @AusThinkingGirl Why didn’t Susan become a citizen?

@AusThinkingGirl Fair point. But I think of my friend Sue. Came from NZ at 22. Now 65. Worked as a nurse then private business. Served on govt/industry boards. Still PR because never became a citizen. Would she be denied a pension? Would seem so.

If under the Opposition a permanent resident taxpayer (but non citizen) can’t gain welfare if they need it, why stop there. Surely non-citizens shouldn’t be able to call the police, or join a library, or seek help at a public hospital regardless of the taxes they’ve paid. 🤷‍♂️

@IfindRetards Does Sportsbet have odds on VAS?

This is how retarded the Australian government is in three points. 1. Gambling winnings are tax free. Almost no other money is. Gambling is encouraged but investing is not. 2. Housing crisis but foreigners are still allowed to buy our houses and they just incentivised never ever selling investment properties 3. Young people can't afford houses so let's tax them more if they make money in crypto or shares. That's just the tip of the retarded iceberg

@IfindRetards “Starting with the members of the Royal Family, who will publish a history of the flights they take and the islands they visit, along with the children with whom they meet.” It’s for the “greater good”

Breaking: it's over for England. "My ministers will also proceed with the introduction of Digital ID"

@OMGTheMess The most important objective has been achieved: Albo and Jim have their indexed pensions and those without ambition don’t have to worry about being left behind.

Ok The dust has settled a bit on the budget of Intergenerational equity Can someone please tell me how the budget achieves this? Houses won’t be cheaper. Additional houses won’t appear. Rents aren’t going down. Savings won’t increase.

@wpbencic “Your Honor, it ISN’T perjury - I just changed my position.”

Albanese’s very simplistic answer when accused of lying to the people, we’ve changed our position 🙄 no you lied to the voters fully knowing you were lying and deceiving! You got into government by deception!Now you’re doing just what you intend all along!It deceit nothing else.

@Terri_1987a @AnikaWells @AlboMP It’s time to mandate written minutes of every meeting

It's time for this fraud @AnikaWells to be removed by this hopeless, weak, lying Prime Minister @AlboMP

@TheKouk If you’ve never started a business I’d suggest YOU stick to knitting

If tax policy is the fundamental issue for you when you are starting a business, perhaps stick to knitting ...