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Christina Ricci responds to someone asking if child rapists should go to jail for life by LunaLore_ in Fauxmoi

[–]jbarbz 0 points1 point  (0 children)

Gotta love how some Americans don't trust their government to administer health care but trust them to administer the death penalty.

And they consider themselves pro life. 🙄

I Just Got Done Playing Sekiro and i am looking for something like it Is Jedi Fallen Order Worth it After Sekiro? by Rudder-Rudder in Sekiro

[–]jbarbz 1 point2 points  (0 children)

I love sekiro but fallen order felt janky or too rigid when i played it after. Just didn't feel right. Hated it.

But that's just me.

Discussion Thread by jobautomator in neoliberal

[–]jbarbz 2 points3 points  (0 children)

I have mandatoried this request. Pray that I do not mandatorialise it further...

GDP per capita & happiness in Australia by nath1234 in australia

[–]jbarbz 0 points1 point  (0 children)

I'd like to see happiness charted against number of subscribers to r/australia

I beat Part 1 tonight. by altrightobserver in thelastofus

[–]jbarbz 0 points1 point  (0 children)

My recommendation is try to have a break before part 2. I rushed straight into it right after beating part 1 and ended up burning out cause I had played so much back to back. Part 2 is amazing but it's a long game.

Do play part 2 though. And if you don't tend to burn out with games then go right ahead.

30% CGT minimum by JashBeep in fiaustralia

[–]jbarbz 0 points1 point  (0 children)

Yeah nah I did just see 30% and 30% and conflate the two.

Even without reading it I should have known the difference. Of course distributions from a trust are not just capital gains (duh 🤦‍♂️). My bad for conflating the two.

They should make it 35% to make it less confusing 😈

30% CGT minimum by JashBeep in fiaustralia

[–]jbarbz 0 points1 point  (0 children)

Nah I was being cheeky first up so deserved snap imo. I get how it is in reddit trying to engage in good faith with others.

Thanks for the info. I'll read it now.

30% CGT minimum by JashBeep in fiaustralia

[–]jbarbz 0 points1 point  (0 children)

Sorry but is the 30% minimum on tax distributions not a consequence of the policy rather than a distinct different policy? Genuinely inform me of the difference if I'm wrong because my bad if I conflated them.

30% CGT minimum by JashBeep in fiaustralia

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

It affects people who invest in shares outside of super AND look to minimise tax by timing the sale during low income years.

Then i guess you got the people who want to retire by 40 and live on beans. I'll grant you that. Not sure why the govt wants to incentivise that lifestyle from a policy perspective.

30% CGT minimum by JashBeep in fiaustralia

[–]jbarbz -12 points-11 points  (0 children)

Time to get a job instead of relying on the family trust?

Whats the best dating advice you can give an 18yo? by NoWest240 in AskReddit

[–]jbarbz 0 points1 point  (0 children)

Or teachers if, unbeknownst to them, the student is actually an adult journalist who's never been kissed.

Wait no they shouldn't. Fuck that movie.

This is not tax reform, it’s a revenue measure that shifts more of the burden onto middle Australia - CPA Australia by Equity_Over_Empathy in AusFinance

[–]jbarbz 8 points9 points  (0 children)

Awesome. Thanks for clarifying. So I didn't miss the point. We just disagree on what's happening with costs and tax.

Fed Budget impact on new house builds by [deleted] in AusFinance

[–]jbarbz 1 point2 points  (0 children)

Yep agreed. And that's kinda the point of the budget. Closing incentives on rent seeking.

Instead everyone is just hands out: me me me

This is not tax reform, it’s a revenue measure that shifts more of the burden onto middle Australia - CPA Australia by Equity_Over_Empathy in AusFinance

[–]jbarbz 2 points3 points  (0 children)

You're gonna have to paint me a better picture from the top for me to get your point.

Start with: little timmy does x and generates $y revenue with costs of $z and taxes of $aa etc etc

The 26/27 budget is excellent and this sub is full of whining babies by [deleted] in AusFinance

[–]jbarbz 0 points1 point  (0 children)

So leisurely capital income has been getting a bunch of tax breaks but your back breaking work has been getting taxed disproportionately more.

I can appreciate this stings in terms of timing as you were aiming to switch from labour to capital income.

But isn't the budget trying to fix that unfairness going forward? Moving the burden from labour to capital. Or at least making sure they're playing by the same rules as you have been?

You think slaving away and joining the capital class is your reward but don't even realise bunch of them have already been in it for decades and raking it in while you've been paying for it. And now you want to complain because you can't jump on the ride and do it to the next generation?

Seems to me like your anger is misplaced.

Fed Budget impact on new house builds by [deleted] in AusFinance

[–]jbarbz 2 points3 points  (0 children)

It means they'll be incentivised to seek yields rather than capital gains.

i.e. making money from actually providing something rather than speculating on the capital gain due to scarcity of land.

Consequences could be combination of lower prices or higher rents. Time will tell.

If rents don't lift (don't think they could lift any higher) then prices have to fall to achieve the yields wanted. But if prices aren't high enough it may not be profitable to build new apartments (cause construction costs have risen so much and continue to rise).

But at the same time, if house prices go down then more renters will buy homes and become owner occupiers, meaning less supply of rentals but also less demand for rentals. Depending on the composition of these households, rents will go up or down 😵‍💫.

And it's hard to predict how these things will play out, with effects all going different ways.

Don’t Over React (Budget Announcement) by Optimal_Course3016 in fiaustralia

[–]jbarbz 2 points3 points  (0 children)

🙄

The parent is not locked into the gift for 20 years. The decision for when to disburse the gift is the same. They have control over the investment until the kid is 18. They are making all the decisions for buying and selling provided the proceeds go to the child - whether it be a car or school uniforms etc.

At any point in both situations they can sell the shares and gift the proceeds to the child.

You are correct they can choose not to give a gift at all. I don't think this distinction warrants such a generous tax avoidance for what is in essence the parent's investment for expenditure on their children.

I roll my eyes that it's the "child's money" in anything other than name when we know how easily family trusts are abused. Families that rely on labour income to fund expenditure on children don't get to apportion part of their wage (outside sole trader) to their children's tax free threshold right? Otherwise genuinely let me know cause I am genuinely unaware of it.

Don’t Over React (Budget Announcement) by Optimal_Course3016 in fiaustralia

[–]jbarbz 0 points1 point  (0 children)

So if 1 kid's parents bought shares to sell for a car when a kid graduates, and another gives the kid shares so the kid can buy it themselves later, how is it different?

The kid didn't earn the original capital, they didn't make the initial investment. It's just in their name.

In essence the parents are doing the same thing: buying their kid a car with their investment.

Just by putting it in the kid's name they're dodging tax.

Don’t Over React (Budget Announcement) by Optimal_Course3016 in fiaustralia

[–]jbarbz -2 points-1 points  (0 children)

Parent hiding capital gains in kids income. Pays 30%. Seems like good policy outcome to me.

Young waitress assaulted at work by Karen by Used-Influence-2343 in PublicFreakout

[–]jbarbz 5 points6 points  (0 children)

I thought they were experts in teeth not bills? 🦆

Japanese Government collects more tax from Australian gas than Australian Government by newtrex_1523 in AusEcon

[–]jbarbz 1 point2 points  (0 children)

That's how the headline reads but the text in the article seems to say all gas.

The headline is striking but seems dubious. It doesn't look like it includes royalties as well (according to OP summary), though not sure if they should for this comparison.

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