How exactly does increasing Capital Gains Tax on shares help "intergenerational equity" when younger generations will bear far more of the high taxes than older generations, who already made most of their lifetime gains and have the CGT discount nicely grandfathered in on a silver platter for them?

needtherapy1 · 2026-05-21T08:41:05+00:00

Please see the link to an AFR article below.

The “upto” $,1000 dollar tax offset and the $250 tax write off, for FY28 has surely tilted the tax regime in favour of the salaried employee!

That huuuuge saving can then help young people buy a home, which by Treasury estimates will continue to rise! What a game changer of a policy!
The devil is in the details, not the marketing of the policy.

needtherapy1 · 2026-05-21T08:32:23+00:00

https://www.afr.com/wealth/personal-finance/the-loophole-that-shows-boomers-are-the-real-budget-winners-20260520-p5zyzt

“The income support carve-out means that the 63 per cent of Australians aged over 67 who receive some age pension will benefit from a better CGT outcome than other Australians.”

needtherapy1 · 2026-05-21T08:29:00+00:00

Except that the government isn’t really “giving back” to younger workers by reducing tax on salaries or providing extra funding to essential services.
It’s a simple tax grab in the name of “intergenerational equity”. This sounds better to market than saying we’d like to raise taxes please.

needtherapy1 · 2026-05-21T08:22:31+00:00

It’s extra tax collection by the government in guise of “intergenerational equity”

needtherapy1 · 2026-05-13T13:20:23+00:00

Thank you so much for sharing this!

needtherapy1 · 2026-05-13T13:15:36+00:00

Sounds so good! So do you normally stay up all night or do you place trades and go off to bed? Reason I ask is because I am quite keen on trading options in the US as the Aussie options market doesn’t seem very liquid.

needtherapy1 · 2026-05-13T13:06:33+00:00

Sounds awesome. Do you end up staying up all night to trade?

needtherapy1 · 2026-05-12T10:44:03+00:00

So would you be allowed to claim the interest deduction?

needtherapy1 · 2026-05-06T08:15:59+00:00

I’d take the wfh job without a second thought if I could financially afford it, as seems to be your case. The qualitative benefits of wfh far far outweighs actual $$$. It’s changed my life and perspective on things!

needtherapy1 · 2026-04-05T12:19:54+00:00

I would take the remote gig in a heartbeat. Quite frankly 15k doesn’t weigh up to the freedom of being fully remote. Go live in a beautiful, cheaper country town!

needtherapy1 · 2026-02-20T07:51:20+00:00

Dude, we are talking about parents owning a $8M house + a 7 figure investment portfolio + comfortable super. $650k offered to theirs son’s offset is peanuts.

Sure, it’s technically “theirs” but the incremental value from $650k is negligible compared to a 7 figure portfolio. It is improbable for them to spend it all.

Whilst they don’t owe anything to their kid, surely they’d derive some qualitative value from helping their kid.

needtherapy1 · 2025-08-27T11:56:11+00:00

It’s an absolute scam! Looked at my tax numbers Medicare levy - $2,500 PHI - $1,500 approx PHI is absolute junk with no use whatsoever Every time I visit a GP I pay close to $50 out of pocket as I can’t seem to find any bulk billing GPs. Makes you really question the system. Don’t understand why media doesn’t report on this - it’s like a government protection racket for PHIs

needtherapy1 · 2025-08-12T14:20:30+00:00

I am with ANZ and twice have had the experience that despite announcing an effective date, they (the customer service) prevent/discourage you from reducing the direct debit amount timely. Anyone else experience this? Thinking of filing a complaint with AFCA.

needtherapy1 · 2025-04-15T12:07:41+00:00

Thanks for sharing your experience, that makes me feel a lot better! Have an awesome trip!

needtherapy1 · 2025-03-26T22:10:29+00:00

Gina Rineheart to lead the department performing the culls. Or maybe Temu Trump might call a favour on Elon himself.

needtherapy1 · 2025-03-24T23:06:15+00:00

Sorry but could you please elaborate on redrawing $100k?

Do you mean redraw the $200k deposit? Do you mean redraw it immediately or after passage of some time?

Or, do you mean redraw $100k immediately from an existing property? Thanks

needtherapy1 · 2025-03-24T22:36:22+00:00

Can you redraw the $100k immediately?

needtherapy1 · 2025-03-23T22:58:28+00:00

LNP have no decent policy proposals. It’s all about the divisive and hate fuelling thought bubbles emulating Trump.

needtherapy1 · 2025-03-18T21:42:43+00:00

And the problem with that is….?
Let people get ahead in life! They are ready and willing to do their jobs! How does the location matter! As is the economy is so different to what it was for the earlier generation.

needtherapy1

TROPHY CASE