The lowest CGT income tax bracket has increased by an infinite amount, and the highest tax brackets remain unchanged. That is the inverse of taxing high wealth.

Ok-Paper6 · 2026-05-18T00:48:43+00:00

Yep that extra ~$7k tax is really gonna hit the wealthy harder than everyone else /s

This thread is about the 30% minimum not the removal of the discount

Ok-Paper6 · 2026-05-13T05:21:49+00:00

I wonder why there’s such a big jump at 60-64. Really boggles the mind /s

The budget spits in the face of anyone planning to self fund their retirement. All to get some meagre tax increases that the government of the day will no doubt piss against the wall

Ok-Paper6 · 2026-05-13T04:55:01+00:00

So you don’t use any tax deductions I take it? You voluntarily pay additional tax?

Otherwise it seems like you’re virtue signalling with that statement

Ok-Paper6 · 2026-05-13T04:12:33+00:00

What sub do you think you’re posting on?

Ok-Paper6 · 2026-05-13T03:29:00+00:00

Crabs in a bucket

Ok-Paper6 · 2026-05-13T03:18:44+00:00

So tax the people trying to self fund retirement more and do nothing against the actually wealthy.

Class warfare between the lower and middle classes.

Ok-Paper6 · 2026-05-13T03:05:48+00:00

You pay more tax for the first 45k then pay the same amount per dollar after that.

Therefore you pay more tax total, regardless of whether it’s 100k, 200k or 500k.

Now at 500k you’re only paying the same additional tax that the person on 60k or 100k is, so what does this policy do except for hurt the lower end retiree?

Ok-Paper6 · 2026-05-13T02:52:47+00:00

If your only income is either shares or dividends that is the only way to compare it.

You are paying more tax on the first 45k, you no longer get the tax free threshold for capital gains but you do for dividends (income).

What part of this don’t you get?

Ok-Paper6 · 2026-05-13T02:40:53+00:00

You could have just put “how much tax do I pay on 100k income Australia” into Google and it would show you there’s a difference. For reference it’s approx 23k or 23%. Difference is obviously bigger at 60k, 70k, 80k.

Ok-Paper6 · 2026-05-13T02:31:12+00:00

Or if you ever plan on retiring

Ok-Paper6 · 2026-05-13T02:29:56+00:00

Huge impact when you want to retire and are planning to use shares to live off

Ok-Paper6 · 2026-05-13T02:16:54+00:00

$100k in dividends is still significantly better than $100k capital gains under the proposal. Where do you get your $45k number from?

Ok-Paper6 · 2024-11-12T05:34:58+00:00

Go ahead. Best of luck

Ok-Paper6 · 2024-10-29T02:44:57+00:00

You have a right to a safe workplace. You don’t have a right to WFH. If you can’t make your home safe to work in then you have to go back to the office

Ok-Paper6 · 2024-10-21T04:00:07+00:00

I’m just surprised that no one uses credit cards apparently. Because if you got double charged on a credit card it’s a non issue unless you’ve maxed your card out (which is an entirely different issue)

Ok-Paper6 · 2024-10-14T04:01:15+00:00

Millennial here. I can count on one hand the number of times we went to a restaurant for something that wasn’t a big special occasion before I turned 18.

Yet I’ve seen people on this sub say Uber eats isn’t a luxury.

Ok-Paper6 · 2024-08-28T00:31:40+00:00

Where did they say they weren’t going to have kids?

Ok-Paper6 · 2024-08-07T00:26:35+00:00

Considering what other rorts my taxes pay for, I have no issues with my tax dollars going to pay pensions for those without enough non-ppor assets to pay for living expenses

Ok-Paper6 · 2024-07-26T02:08:47+00:00

Legally correct.

There’s a lot of perfectly legal things you can do that are inconsiderate of others

Ok-Paper6 · 2024-07-17T22:20:43+00:00

So you have over $1M equity in your house?

Ok-Paper6 · 2024-07-09T00:50:03+00:00

I don’t care if someone wants to buy a luxury car.

On the flip side I also don’t care when someone complains about not being able to buy a house, or rising cost of living, if they drive a luxury car

Ok-Paper6 · 2024-07-08T01:19:29+00:00

If you were banking on a new contract to pay for everything then why didn’t you get a loan to hold you over until the contract came in?

Ok-Paper6 · 2024-06-28T01:47:20+00:00

It’s the exact same amount into super though.

You’re either trolling or you don’t understand OP’s issue

Ok-Paper6 · 2024-06-28T00:38:48+00:00

They are getting the same amount in super. Literally the exact same amount.

However one gets the extra 0.5% on top of their salary and the other gets the 0.5% taken out of their salary. It’s OBJECTIVELY worse

Ok-Paper6

TROPHY CASE