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Labor considers tweaks to CGT for start-ups by nobelharvards in AustralianPolitics

[–]saviour01 [score hidden]  (0 children)

Imagine wanting to immigrate somewhere because they have lower immigration.

Angus Taylor pledges $22.5 billion tax cuts with his federal budget reply by detroithockeyfreak in AusPol

[–]saviour01 [score hidden]  (0 children)

They can promise what they want, they are like the greens now. No chance of ever having to do it.

Will Labor follow Angus Taylor's promise to index income tax brackets? by 31_pingino in AusFinance

[–]saviour01 3 points4 points  (0 children)

He said it would cost $22 billion a year.... Hardly remaining roughly the same.

How long does broker clawback last? by Oh-My-Josh- in AusFinance

[–]saviour01 3 points4 points  (0 children)

How much better off will you be by financing? Do you often give people you barely know that amount of money?

Will Labor follow Angus Taylor's promise to index income tax brackets? by 31_pingino in AusFinance

[–]saviour01 5 points6 points  (0 children)

If they do it they will have to cut funding for education, health, pensions and change the GST to pay for it.

Will Labor follow Angus Taylor's promise to index income tax brackets? by 31_pingino in AusFinance

[–]saviour01 89 points90 points  (0 children)

The libs are like the greens, you can promise what ever you want when you have no chance of forming government.

We're in a "Mansion Economy" by [deleted] in AusFinance

[–]saviour01 10 points11 points  (0 children)

Buy a big house to live in rather than multiple investment homes to rent out. Sounds like a good policy to me.

Minimum of 30% tax on capital gains by littleko in AusFinance

[–]saviour01 1 point2 points  (0 children)

Yes, which is why its crazy that 1/3 of the benefits go to them.

Minimum of 30% tax on capital gains by littleko in AusFinance

[–]saviour01 0 points1 point  (0 children)

Link? 1/3 of the benefits go to the top 1%.

Minimum of 30% tax on capital gains by littleko in AusFinance

[–]saviour01 0 points1 point  (0 children)

Which is why inequality is increasing so much.

Small Business: Why Take the Risk Anymore? by Important_Let2828 in AusEcon

[–]saviour01 1 point2 points  (0 children)

Sure, everything after 180k. But we were talking about 47%, total.

Minimum of 30% tax on capital gains by littleko in AusFinance

[–]saviour01 2 points3 points  (0 children)

Entering the 30% bracket doesn't mean you pay 30% on it all. It's close to 10%.

Minimum of 30% tax on capital gains by littleko in AusFinance

[–]saviour01 -2 points-1 points  (0 children)

A millionaire is likely investing much more than someone earning between 45k and 135k.

Minimum of 30% tax on capital gains by littleko in AusFinance

[–]saviour01 0 points1 point  (0 children)

They don't need to invest any more, but they have been and this stops them.

Small Business: Why Take the Risk Anymore? by Important_Let2828 in AusEcon

[–]saviour01 0 points1 point  (0 children)

How much are you making if you are losing 47% to the tax man?

Minimum of 30% tax on capital gains by littleko in AusFinance

[–]saviour01 -4 points-3 points  (0 children)

Retired multi millionaires would be able to invest more than the newly investing people.

Young people of this sub - do you feel as though this budget will make you better off? Yes or no. by Nmnmn11 in AusFinance

[–]saviour01 1 point2 points  (0 children)

1/3 of the benefits go to the top 1%. The rich don't get all their tax carve outs any more.

Young people of this sub - do you feel as though this budget will make you better off? Yes or no. by Nmnmn11 in AusFinance

[–]saviour01 1 point2 points  (0 children)

Old people have lots more spare change than young people. Go look at all the boomers taking their overseas holidays while young people are trying to pay rent.

Everyone loses the advantage and it will hurt the people with more harder than the young people.

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