Comment on The super tax debate is divorced from reality – and more proof that Australia’s tax system is built for the rich

Eyekaytee@aussie.zone ⁨10⁩ ⁨months⁩ ago

• hanrahan@slrpnk.net ⁨10⁩ ⁨months⁩ ago

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

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

  www.abc.net.au/news/2025-05-29/…/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."

  source

  • Eyekaytee@aussie.zone ⁨10⁩ ⁨months⁩ 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

    source
• spiffmeister@aussie.zone ⁨10⁩ ⁨months⁩ ago

  I think the idea is that it stops rich AF people using their super to store wealth by sitting on assets and instead forces them to use super to invest, which can actually help the economy.

  source