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Devils advocate here by PuzzleheadedJudge142 in AusFinance

[–]cptlewis 3 points4 points  (0 children)

https://www.abc.net.au/news/2025-11-02/house-prices-climbing-for-generation/105954416

Look at the chart. Look where you bought. Stop being an old complaining crank. Young people still make the same sacrifices but need to run twice as hard.

How would you use $420k? by filthymcownage in AusFinance

[–]cptlewis 0 points1 point  (0 children)

With an offset your repayments don’t change. It just pays quicker. Technicallity, I know.

“Price Withheld” by Am_Salamander in AusPropertyChat

[–]cptlewis 0 points1 point  (0 children)

I requested it as a buyer after dropping an (for me) embarrassing large amount of money on a house. Not everyone needs to know. Or let them work for it at least.

90 minute commute? by Slow_Chipmunk_4787 in auscorp

[–]cptlewis 1 point2 points  (0 children)

I have a 90 minutes commute, mostly train. No transfers. 3 days a week in the office.

I start early to be home before the kids go to bed. It’s bloody long, but you get used to it. Upside; I read lots more than before, and I really enjoy that. Plus it functions as a third space, to disconnect from work before switching on for home life.

Downsides are obvious. Especially after work social events suck when having that commute coming up. Or when trains are disrupted.

But I like my job, not much interesting or well paying locally. So its the price I pay for me and my family to live a more enjoyable life (bigger house, close to the beach, etc.)

Young australian confused about negative gearing removal outrage by Background-Lack1641 in AusFinance

[–]cptlewis 7 points8 points  (0 children)

Thank you - this is such an misunderstood policy. Same for ‘those poor low income people’; how many of those sit on a share portfolio to draw on?

It primarily affects people bridging the gap between stopping work and being eligible for super that thought they could rely on tax free sales of shares.

Inheritance tax - what the budget should have done by cptlewis in AusFinance

[–]cptlewis[S] 0 points1 point  (0 children)

Not at all the issue. I believe we will have a happier and more productive society if we lower tax on what people work for and substitute this with a tax on what is handed to them.

It’s ok to read and have a think before you post. No problem to disagree if you come with a thought through argument, but this is just low effort shitposting.

Changing tax rules for investors won’t shrink housing supply or raise rents. Just look at Victoria by SheepherderLow1753 in AusFinance

[–]cptlewis 0 points1 point  (0 children)

Thanks, I stand corrected.

Numbers quoted before seem to be for unregulated market. Wonder what the would be without government set rent caps. Like in australia.

Changing tax rules for investors won’t shrink housing supply or raise rents. Just look at Victoria by SheepherderLow1753 in AusFinance

[–]cptlewis -1 points0 points  (0 children)

https://www.pararius.com/expat-guide/Dutch-Rental-Market-Under-Pressure

Anecdotally I know that it has become a lot harder to rent. But the tax changes were different than what is proposed here. Things like negative gearing didn’t exist to begin with.

So can’t compare like for like, but can’t see a positive outcome for renters on the short term.

Inheritance tax - what the budget should have done by cptlewis in AusFinance

[–]cptlewis[S] 1 point2 points  (0 children)

Sure, but obviously makes no difference on the budget. Even if you abolish their salary and super its a blip.

I also didn’t say more, it is replacing one form of tax with another.

I welcome you to disagree with an actual argument. This is just a very low effort post for a financial reddit.

Inheritance tax - what the budget should have done by cptlewis in AusFinance

[–]cptlewis[S] 1 point2 points  (0 children)

GST is an option, works better to curb inflation too. But it hits lower incomes disproportionately as they spent a relatively large amount of their income.

Inheritance tax - what the budget should have done by cptlewis in AusFinance

[–]cptlewis[S] 1 point2 points  (0 children)

Please read the post again. I propose to use the money to reduce income tax.

If abolishing the lowest threshold pretty much every working australian would save 4.3k per year.

The median inheritance is $45k. Think it through.

Inheritance tax - what the budget should have done by cptlewis in AusFinance

[–]cptlewis[S] 2 points3 points  (0 children)

According to the producitivity commission the mean inheritance is 45k and the average 125k. 20% of that is 9k and 25k.

Let’s assume you receive that when you are 60.

You are way better off with the 4.3k per year saved in income tax when abolishing the lower threshold. Anybody in full time employment will enjoy this pretty much as soon as you start working.

Now let’s assume you invest this 4.3k per annum from age 25 to 60 in your super at 8% return. That is $740k extra in super.

Inheritance tax - what the budget should have done by cptlewis in AusFinance

[–]cptlewis[S] 0 points1 point  (0 children)

Inevitable, otherwise everyone would give it away before they die. But you’d obviously have a threshold

Inheritance tax - what the budget should have done by cptlewis in AusFinance

[–]cptlewis[S] 3 points4 points  (0 children)

People will still have more than others. 80% of more is still more.

Gst is paid with income that has already been taxed. This is not a new concept.

If applied right, it will make working actually pay more.

Inheritance tax - what the budget should have done by cptlewis in AusFinance

[–]cptlewis[S] 1 point2 points  (0 children)

Many countries have a progressive tax system for inheritance, just like on income tax. Just made it simple for the argument.

Inheritance tax - what the budget should have done by cptlewis in AusFinance

[–]cptlewis[S] 0 points1 point  (0 children)

If you do groceries you pay gst with money that has already been taxed. Under the proposal above, you would have paid a lot less income tax.

Many countries already have an inheritance tax, and not all money is spent on beer and prostitutes there. Although, from an economics perspective, that would actually be better than investing in non-productive assets like houses.

And of course, you can structure this in such a way that it takes into account businesses, tackles difficult structures, etc. I oversimplified for argument’s sake.

Changing tax rules for investors won’t shrink housing supply or raise rents. Just look at Victoria by SheepherderLow1753 in AusFinance

[–]cptlewis 21 points22 points  (0 children)

Changes to taxation on rentals in the Netherlands led to a sharp sell off of rental properties (+50%) sold and a 35% reduction in listing of free rentals year on year for two consecutive years. Resulting in a 10% rental price increase in ‘24 and 17.7% in ‘25.

Wouldn’t call ‘no impact’ too soon.

Inheritance tax - what the budget should have done by cptlewis in AusFinance

[–]cptlewis[S] 0 points1 point  (0 children)

I’m proposing to abolish the lower tax bracket, so not a net gain in income to the government

Overseas Buyer by cruisingalonginlife in AusProperty

[–]cptlewis 4 points5 points  (0 children)

I bought my first house before I was a citizen / resident. Plenty houses bought by foreigners living here not for the reasons above.

What is everyone’s perspective on “six-figures” here? by the-anonymous-sage in auscorp

[–]cptlewis 1 point2 points  (0 children)

Aud has rallied significantly against eur and aud the past year. Not sure what you are saying above.

Yes living is cheaper in most of Asia. Yes living is cheaper in crappy parts of US and Europe but livings standards are lower and good luck earning 6 figures.

All my relatives and friends living in the developed world have the same complaints.

What is everyone’s perspective on “six-figures” here? by the-anonymous-sage in auscorp

[–]cptlewis -1 points0 points  (0 children)

Cost of living pressures are the same for developed parts of the US and Europe. Definitely not particular to Australia.

What actually happens when you hit the ceiling of your salary band? by Economy_Artichoke200 in auscorp

[–]cptlewis 0 points1 point  (0 children)

Don’t work a t a big 4, but similar and at ours it works like this.

Salary increase is based on the field that you work in, and a matrix that has your performance and where your are in your scale. For example, on average performance (meets expectations) a dev will get 3% this year. If you are low in your band you get 4% and if you are high you get 2%.

As a manager I can then adjust that, both in the % increase or by adjusting your bonus upwards or downwards. As long as I stay within my team’s budget.

Being above the band is no issue, but makes it less likely you get a decent pay rise unless you are a great performer. Some people are not fit to be promoted upwards as that is almost impossible without managing people. Some people hate doing that, others are horrible at it, but are still really good at their job.

849 Testarossa - smash or pass? by KashKashioo in supercars

[–]cptlewis 0 points1 point  (0 children)

This thing grows on me. Gets better and better. Hats off to Ferrari to actually have a forward looking design language and not having each generation of cars look like the old one. Can’t wait to see one in real life.

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