RJ
2.3K posts


@BitcoinAnja Thanks.
Too late for this year, but will try to make it next time.
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Current System (50% CGT Discount)
Step 1: Apply CGT discount
Capital gain: $100,000
50% discount: $50,000 taxable
Step 2: Total taxable income
Salary: $100,000
Taxable capital gain: $50,000
Total taxable income = $150,000
Approx tax payable
Tax on $150,000 ≈ $40,567
Tax without the capital gain
Tax on $100,000 salary ≈ $22,788
Effective tax caused by the gain
$40,567 − $22,788 = $17,779
So under the current system:
Tax on the $100k gain ≈ $17.8k
Effective CGT rate ≈ 17.8%
Proposed New System
(30% minimum CGT with no 50% discount, plus indexation)
For this example, assume inflation indexation = $0 adjustment.
Step 1: No discount
Entire gain taxable = $100,000
Step 2: Total taxable income
Salary: $100,000
Capital gain: $100,000
Total taxable income = $200,000
Approx tax payable
Tax on $200,000 ≈ $60,667
Additional tax caused by the gain
$60,667 − $22,788 = $37,879
So under the proposed system:
Tax on the $100k gain ≈ $37.9k
Effective CGT rate ≈ 37.9%
The government is taking in an additional $18,975 in tax for every $100,000 capital gain sale.
That's 18.97%!!!!!!!
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@cryptorover BTC will have the biggest benefit. ETH is slowly being replaced
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@GeoffWilsonWAM Tonight, hard working Australians who have made sacrifices, invested wisely for their retirement and for their children’s future have been kicked in the gut by @AlboMP and his Treasurer @JEChalmers
Tonight, a lot of Australians will be looking at options to leave Oz #auspol
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The 2026 Budget puts the death knell for aspirational young Australians #AussieDreamKiller #Budget2026 #LaborTaxRaid
REbagholders@REbagholders
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China light years ahead, record unemployment, slowing growth, Rupee set to touch 100, record pollution, growing inequality, women unsafe- but all okay as long as I get to wave this flag, insult another religion and make fellow citizens feel unsafe.
The Observer Post@TheObserverPost
A video from Vrindavan shows a man identified as Rishabh Singh waving a saffron flag in front of a mosque while singing “Rooh Kaanp Gai Thi Allah Ki.”
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@StackingHats Lots of Bitcoiners will be looking at their options tonight. UAE is still a great place to consider once the war is over.
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Tonight, hard working Australians who have made sacrifices, invested wisely for their retirement and for their children’s future have been kicked in the gut by @AlboMP and his Treasurer @JEChalmers
Tonight, a lot of Australians will be looking at options to leave Oz #auspol
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@onslowshipping If you buy before 1 July 2027 you can still get cgt ? On asset sales after this date?
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budget.gov.au/content/bp1/do…
CGT discount removed on ALL assets, AND minimum CGT rate of 30%, even if you earned exactly $0 in normal income during that year.
Perhaps the most disgusting, anti-productive, uncompetitive change to Australian fiscal policy in modern history
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@onslowshipping Albo is a scum, anybody who successfully thwarts these proposed changes has my vote.
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No one takes a 3 month vacation. It's usually 4, max 6 weeks
It's because the rest of the time they are super productive.
Start the day early, 8am on avg
No personal calls at the work place
No multiple chai/sutta breaks
No chit chat about personal lives except during lunch break
Pritesh Lakhani@priteshlakhani
How do Europeans enjoy a 3-month vacation in the middle of the year?
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@PrakashRaghav @bainjal Scum’s like you attacking Sanatan Dharm will be treated worse than Islamists terrorists. You will beg to be euthanised mother fucker.
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When backstabber and betrayer #RahulGandhi is not a dynast, why is only #UdhayStalin portrayed as a dynast? For us, #SanatanaDharma is #brahmanism, which practices inequality and injustice, and we will fight to eradicate it till our last breath. No wonder why coward Chaturvedis scream against the eradication of brahmanism, by standing behind a journalist's mask. #DMK #CongressBackstabbers

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தமிழ்நாடு சட்டப்பேரவையில் எதிர்க்கட்சித்தலைவராக பொறுப்பேற்ற பின் முதல் முறை இன்று நாம் உரையாற்றிய நிலையில், கழகத்தலைவர் @mkstalin அவர்களை அண்ணா அறிவாலயத்தில் நேரில் சந்தித்து வாழ்த்துப் பெற்றோம்.


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