Anthony Dyson

@chrisbrycki I've been a share investor for 30 years. If I buy and sell within a year there is no 50% discount. But that doesn't deter me. No one ever went broke taking a profit.

One of Australia’s greatest financial success stories has been the rise of ordinary people becoming investors. Over the last 30 years, millions of Australians have gradually moved from relying purely on wages and property to owning shares, ETFs and diversified portfolios. Not just wealthy people, but teachers, nurses, tradies, students and young families trying to build financial security over time. That’s why the government’s proposed CGT changes feel like such a profound mistake. This piece in today’s The Australian is my attempt to explain why I think that matters. theaustralian.com.au/wealth/investi…

@BradfieldThe Our young people are skilled. We just don't have enough of them. Free childcare anyone?

Our children have never spent more of their years in the education system. We have never spent more on education. We have never had better student teacher ratios. And yet we are constantly being told we have a skills shortage. Make it make sense.

@BobBurn97207272 This is BS. Fixed trusts are exempt. They are used to ensure the deceased wishes are carried out. Discretionary trusts ignore the deceased wishes and shift truct income to minimse tax.

A child loses their parents. Now the Government may want to tax the structure protecting them at 30%. Let that sink in. Most people do not even know what a testamentary discretionary trust is until tragedy happens. It is often created because a parent wanted to protect their child’s future. Not because they are wealthy. Not because they want to “minimise tax.” But because life falls apart when a parent dies and children are left behind. And now, after last week’s Budget announcement, estate planning lawyers across Australia are asking the same question: Will orphaned children be caught in this proposed new trust tax regime? Because if they are, this policy does not target the ultra-wealthy the way people think it does. It targets families dealing with death, vulnerability and survival. The Government says this is not a backdoor death tax. But if additional tax consequences only arise because someone died and a testamentary trust was created after their death, people are entitled to question that narrative. We need urgent clarity. Before vulnerable families become collateral damage in a policy debate about “tax fairness.” What are your thoughts on this proposed change? Estate planning lawyers, accountants and advisers - are you concerned about the potential impact on testamentary trusts for vulnerable beneficiaries?

@Crashman_X And that is a problem?

No bid auctions are becoming more and more popular. The sky really is falling.

@OsherFeldman @BenFordhamLive Absolute BS. Fixed testamentary trusts are exempt.

𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭’𝐬 𝟑𝟎% 𝐭𝐚𝐱 𝐢𝐬 𝐚𝐛𝐨𝐮𝐭 𝐭𝐨 𝐬𝐞𝐢𝐳𝐞 𝐚 𝐠𝐫𝐢𝐞𝐯𝐢𝐧𝐠 𝐭𝐞𝐞𝐧𝐬’ 𝐢𝐧𝐡𝐞𝐫𝐢𝐭𝐚𝐧𝐜𝐞 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞𝐢𝐫 𝐝𝐞𝐚𝐝 𝐝𝐚𝐝. A devastated uncle, Rod, just spoke out, their father passed in April, leaving a modest trust for Jacinta (16, brain damaged from birth) and Jason (19). These are kids with a single mum, just trying to get some stability after losing everything. Now the government wants a bigger cut. “They’re dipping their hands into the pockets of a dead man and taking his money that’s destined for his own children.” Rod agrees with Angus Taylor, this is cruel, unmandated, and immoral. A death tax by stealth. Ben Fordham to Albanese & Chalmers: “explain this to these two kids.” Heartbreaking.

@DerekFranc90653 Why would it be any different for ETFs? Sale price minus purchase price adjusted for inflation times your marginal tax rate.

Here is a question you might like to ask your friendly local Labor MP. “If I own a set of shares directly will I pay 40 per cent more CGT tax under your policy verses owning exactly the SAME shares in a managed fund”. If so why, given they are the same shares?”

@toy59496 So you're advocating for capital to be taxed less than labour. Any reason other than you are an investor?

Small Cap Investing is Dead with a 77% spike in Tax Collection I have run 1,000 Monte Carlo simulations of portfolios of 20 Small Cap Stocks with the New Inflation Corrected CGT model versus the existing 50% CGT discount model. The results are devastating. The bottom line is that small caps are highly asymmetric bets where your small number of winners are meant to compensate you for your many losers. Mining companies are a good example of this situation and are a fundamental pillar of our national wealth. However if you tax those few winners at 47% with the trivial relative inflation correction you effectively wipe out the ability to offset your losses. This is because the tax drag on your few multi baggers is so high that it changes the entire logic of the investment process. It's become a loser's game. 1. ​The Moonshot Tax Penalty: Because Australian small caps rely heavily on a right-skewed distribution (a few massive winners offsetting many losers), the Indexation framework introduces a devastating tax penalty. For a stock that goes from $50,000 to $400,000, a 3% inflation adjustment on the original $50,000 cost basis is completely negligible. Under Indexation, you forfeit the 50% discount and pay a flat 47% on nearly the entire gain. 2. ​The Turnover Trap: With a 15% annual turnover, small-cap portfolios realize taxes continuously. Under the current system, every partial sale triggers a flat 23.5% effective tax rate, leaving more money inside the portfolio to compound. Under indexation, those early wins are hit at a full 47% clip, severely dampening the portfolio's forward compounding engine. 3. The Asymmetric Loss Failure: in small-cap investing, a stock can only ever lose 100% of its value, but explosive winners have unlimited compounding upside. The government’s asymmetric tax system completely devastates this dynamic: by replacing the flat 50% CGT discount with inflation-indexing for winners only, it leaves your nominal losses capped and completely unable to counteract the massive tax hike on your multi-baggers. Because a 3% inflation buffer barely dents a 400% moonshot gain, you end up paying a brutal, un-discounted 47% tax rate on the very winners that drive a small-cap portfolio's success, causing a 77% spike in total government tax take overall. Even in investing we see the socialist government wants us all to be the same. Communists. (Technical notes: Model executed using Gemini Pro with 1,000 portfolios of 20 stocks each with the volatility and median return typical of this class of small cap stocks over the last 10 years, using a geometric mean process to step forward each portfolio each year).

@ComradeFat @AlboMP So no change then comrade

I am rich. My wife is a high income earner. I own a business. We are going to do less work coz of the extra taxes. Nothing you can do about it @AlboMP We are now just going to bludge. Two more able bodied people not contributing to the economy. #auspol

@EnergyWrapAU Like asking matt canavan to host a rountable on the benefits of gas fracking plants and coal mines for rural landowners. Stick with prmotong gas Ben.

Waiting for Mr Pocock to host a round table about the impact of transmission lines and industrial wind towers on farming communities…

@clairlemon Clare is either naive or dishonest. She would know the ATO has full data on all listed entities. Ownership, dividends, transactions. If people really want to avoid tax they can follow angus into the cayman is. company route.

Treasury's advice to Chalmers appears to be based on ATO tax return data. Someone needed to point out the obvious: young people ACCUMULATING shares don't record a capital gain. You only appear in that data when you sell. Of course the numbers are low.

@Ryandally08 More views of this clip than the actual broadcast

Rowan Dean says that the Australian people are “dumb” for voting Albanese in the first time, even “dumber” for voting him for the 2nd time and now he’s saying he wants a “3rd term” how dumb will we be? “You get what you vote for” “It is our fault”

@DerekFranc90653 You do know that you can offset capital gains with capital losses

And typically, about 35% of a diversified portfolio, the capital gain won't outperform inflation. You GET some right, you get some wrong. As soon as you all0w for this, your ACTUAL CGT TAX RATE GOES UP BY 50% under the new taxes!

@Matt_Camenzuli How to inspire young people to work hard and pay taxes.

At this rate, if you are under 30 chances are: You'll never buy a house. You'll never own a business. You'll never raise a family. You'll never prosper. You will live in share homes, and eat instant noodles, scrolling Tik Tok earning minimum wage. Things must change.

@MarkoMatvikov Don't feel sorry for the rich. There is still dutch sandwiches or cayman is. companies for the rich to avoid most tax.

The biggest winners from this federal budget are tax accountants. Because the rules are no less complex and offer no less incentive to minimise your tax.

@karlstefanovic I agree. A gas fracking plant or a coal mine is much preferred.

Aussie farmers have had enough — and now they’re fighting back. Imagine strangers turning up and telling you they’ll rip through YOUR land with 80m towers and transmission lines. The land you work and call home. We went to Gundy to give these Aussies a voice. Karl Weekly, 5pm.

@FootnotesGuy I worry about our farmer's futurue if they are dumb enough to believe this crap

There’s a valley here that’s about to get a transmission corridor almost 4X the capacity of the line that links up Snowy 2.0. And they have to climb up over twice the altitude of those lines. The locals are… well they can speak for themselves. It’s an economic disaster.

@econoadabsurdam Nice troll

If we cut the NDIS to zero we could reduce every income tax bracket over 45k to 30% (approximately) which would you rather have

@SamKSS Sam - tell me you don't know how percentages work. But I agree the AI numbers could be misleading if that was the case

What a manipulation of statistics. Housing stock ‘16-‘26 grew from 9.9M to 11.5M. That’s 1.6M new homes (16%) Population grew from 23.8M to 27.7M. Increase of 3.9M people. 2.5X more people than new dwellings. Further, 10% of dwellings are unoccupied - holiday homes, city pads and bolt holes owned by foreigners. The 1.6M new dwellings is reduced to 1.44M actually occupied. So the alternative facts are: Population is growing 2.7X faster than occupied new homes.

@Bradfield1975 I call BS. How can you work for 50 years and never pay yourself a wage and never recieve a wage. What did you live on? Once you get a wage you will have super.

At the age of 16 I became a high school dropout and entered the workforce… 50 years of continuous work later I am retired on my modest farm, because I own it I’m not entitled to a pension! Albo owns multiple properties and will receive a generous pension! How is that fair?

@GeoffWilsonWAM Pretty low post Geoff to repeat a meme you know to be a lie. Still I suppose you do have to support your relative.

The CGT tax changes will negatively impact all Australians. It must be stopped. What do you think?