So it impacts individuals with >$3m in Superannuation - a whopping 80K people total?
…and the media are covering it as if the Sky was falling? Yeah, sounds about right. Typical right-wing populist spiel, they are all for talking about improving things for the masses - but will rail against any baby steps made in the right direction.
DavidDoesLemmy@aussie.zone 10 months ago
They should index it to inflation. Otherwise it is an underhanded way to start taxing most people in the future.
Tau@aussie.zone 10 months ago
Agreed. Not indexing it seems a pretty deliberate move towards the same strategy as our tax brackets - capture more money each year due to inflation and occasionally make your government look good by raising the cutoff (by less than inflation).
DavidDoesLemmy@aussie.zone 10 months ago
It also smells a bit that politicians are exempt.