The super tax debate is divorced from reality – and more proof that Australia’s tax system is built for the rich (www.theguardian.com)

submitted 4 weeks ago* (last edited 4 weeks ago) by [email protected] to c/[email protected]

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This is a very good article

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[-] [email protected] 2 points 3 weeks ago* (last edited 3 weeks ago)

Why ? People are doing it to avoid tax, dumping huge numbers of industrialial properties, houses or farms into their SMSF. Once again to AVOID tax, so fuck 'em. All of that penalises young people who then have a higher tax burden now.

Once agin this is a extra tax on amounts OVER $3 Million. Currently something like $500k-$1Mil is about the amount recommended for people to have a comfortable retirement.

https://www.abc.net.au/news/2025-05-29/leading-tax-expert-superannuation-first-step-to-broader-reform/105347654

They want to pass that on to people in the next generation and they're not going to pay any tax on it because the value is never realised, the gain is never realised."

I supoort the Greens $2Million limit and indexed

[-] [email protected] 1 points 3 weeks ago

If you want to tax capital gains over $3 million then do it, but taxing unrealised capital gains is taxing on gains that haven't materialised, hence they are "unrealised" and I think that's stupid, whether it be for $10 or $10 million

this post was submitted on 29 May 2025

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