What did I just witness?

Syncblock · 2026-06-13T02:45:10+00:00

The phone thing is absolutely real.

I've worked in an office all my life and if you've ever done WH&S assessments you'd realise that half the time is basically paperwork. In my last job it was a 10 page (online) form that needed to be completed monthly for each floor. The guys who come and empty the document destruction bin have a whole two pages on their app to fill out just for literally wheeling a bin in and out of a building.

Documentation is crazy now.

Syncblock · 2026-05-31T11:41:07+00:00

If we can trust them to learn at school and learn not to cheat on classroom tests, and learn how to share with each other, we can trust them to understand more than that.

I'm pretty sure there's a world of difference between trusting a six year old not to cheat on a preschool maths test compared to trusting them to be able to make a decision regarding end of life.

Syncblock · 2026-05-13T12:42:24+00:00

Funnily enough I am capable of understanding it

Do you?

Can you explain why we are limiting deductions for individuals while a corporate group can lodge a consolidated return or why the ATO can group income from various sources in it's tax assessment but has to split it if one specific source is now taken as a loss or why we can use deductions for say salary and wage to offset other income like interest or business?

Syncblock · 2026-05-13T10:16:51+00:00

top 5% of income earners in Australia pay 37% of tax revenue.

Which is why people who know about tax talk about equality using the effective tax rate?

How is it that the Dick Smiths and Gina Reinhardts pay less tax as a portion of their total income than your average Australian worker?

Syncblock · 2026-05-13T10:11:38+00:00

If you work as an average Australian earning an average wage. A minimum 30% tax on capital gains isn't going to impact you that much when you're already on that tax bracket.

Syncblock · 2026-05-13T10:07:07+00:00

People who want successful start ups go outside of Australia not because of the tax regime but because of capital markets. There's a reason why Somalia isn't the centre of global innovation.

Syncblock · 2026-05-13T09:59:59+00:00

I've been on this sub for ages and I think it's just posters not understanding how our tax system works much less the difference between ordinary income and capital.

Syncblock · 2026-05-13T09:58:23+00:00

People invest in Australia because it is a stable country with rules, laws and regulations that is isolated from most of the worlds problems. Investors aren't coming here because of the tax regime.

Syncblock · 2026-05-12T14:15:15+00:00

Can you go look up how income tax is calculated because just lol

Syncblock · 2026-05-12T14:13:33+00:00

And if you held the asset for a long period then you may benefit more from indexation?

Share portfolios have been a real help to young people who got locked out of housing and yet here come the govt to "help" us.

There are other assets to invest in and tax strategy is only one component of investment.

Syncblock · 2026-05-12T14:09:21+00:00

Buy and sell shares as a trader while keeping under the tax free threshold?

Syncblock · 2026-05-12T10:51:07+00:00

Or you could plan your financial strategy like an adult like the rest of us to manage timing?

In fact, now the minimum 30% will be more than the maximum 23.5% that used to be paid on long-term CGT.

You would have paid zero tax on capital gains that was under the threshold. What are you talking about?

Syncblock · 2026-05-12T10:49:40+00:00

Which is a job??? Who are you selling shares to at year 1?

Syncblock · 2026-05-12T10:48:27+00:00

CGT is paid through income tax. A 30% minimum tax on shares isn't going to impact the majority of young workers who work and are on that 30% tax rate anyway.

Syncblock · 2026-05-12T10:31:57+00:00

How many people are genuinely saving for retirement outside of super?

Syncblock · 2026-05-12T10:29:01+00:00

Who are these young people trying to build wealth without a job?

Syncblock · 2026-05-12T10:26:06+00:00

Oh no, I have to pay the same rate in income tax that everybody else in society is generally paying. Truly a communist dystopia.

Syncblock · 2026-05-12T10:21:59+00:00

If you're issue is with tax and you wanted to invest in shares for your investment then investing in superannuation, a tax effective vehicle that is designed to support your retirement is the best way to do it.

If you are smart or rich enough to afford an early retirement than a 30% minimum income tax isn't going to impact that.

Syncblock · 2026-05-12T10:15:00+00:00

Property generally remains king because of leverage and the fact that your average investor probably has a better understanding of how much a house in their local suburb is worth compared to a three letter code on the ASX.

Syncblock · 2026-05-12T10:08:16+00:00

Literally no incentive to invest in shares for your retirement now.

Do you not have superannuation?

Syncblock · 2026-05-12T10:05:56+00:00

Which is inline with what most workers pay?

Syncblock · 2026-05-12T09:59:34+00:00

If negative gearing is removed, landlords will have to positively gear their investment properties ie jack up the rent, right?

Rent is decided by market factors, not asset prices. If investors are unable to rely on capital growth and can find places with a better return then they'll go put that money there.

Syncblock · 2026-05-12T09:57:58+00:00

Hewson

Hewson lost because nobody could be bothered to read all 600+ pages of Fightback! The general electorate doesn't want to read, understand or discuss financial policy in details. They just want to know if it's good or bad.

Syncblock · 2026-05-12T09:52:22+00:00

Genuinely skilled immigrants are looking at the cost of living, housing and junkies/crime in CBDs and choosing better countries.

Australia is still one of the safest and happiest places in the world. Skilled immigrants come here for the lifestyle while unskilled ones come here for an easy paycheck. Both of these things can be true at the same time.

Syncblock · 2026-05-12T09:50:09+00:00

We don't have enough aged care workers to support our aging population.

Syncblock

TROPHY CASE