Aleksandar Tomic

[Aleksandar Tomic @Atomic01At]

@platypusWarby @bowtiedstocks What about access to the internet via starlink?

[Aleksandar Tomic @Atomic01At]

@LCHF_Matt Put a claim in but ask for a cash settlement instead. Panel beater will charge several k.

Insurer pays you repair cost in cash, less the excess, daughter left with extra cash in her hands and just leave the damage on the car

Can always fix it down the track with own savings

[Aleksandar Tomic @Atomic01At]

@gcrom101 @PrometheanPrt @Karmabash Exactly. Theyll be watching those places for anything being transported/moved.

[Aleksandar Tomic @Atomic01At]

@DirtMccGirt @David_McMahon75 @CraigSarg73 Perhaps true but also won't necessarily perform as well relative to single stock picks

[Aleksandar Tomic @Atomic01At]

@HazelAppleyard 100% you take the deal. Easily achievable

[Aleksandar Tomic @Atomic01At]

Putting aside negative gearing abolishment and removal of CGT discount, WHY a minimum 30% tax on Capital Gains?

Anyone earning less than 200k will now pay more in CGT then if simply taxed at their personal income.

Sell some stocks? Pay more
Sell crypto? Pay more

[Aleksandar Tomic @Atomic01At]

@2cristoff @TonyMemandqvy @OnSpeculator Its irrelevant whether its 6 months or 60 years. Flat 30% base is insane and unjustifiable. Such bad policy

[Aleksandar Tomic @Atomic01At]

@TonyMemandqvy @OnSpeculator You get taxed on the sale of the asset? A minimum of 30% which is crazy. Those who earn 200k per annum pay an average tax rate of 30% on their income so anyone earning less than 200k will now pay more CGT

[Aleksandar Tomic @Atomic01At]

A property can be cashflow positive/neutral and still be negative geared.

As negative gearing is now abolished, investors will look to increase rent to get to at least break even cashflow.

Losses will carry forward into future years so its a temporary pain faced by investors

[Aleksandar Tomic @Atomic01At]

@Potstirrer111 @RestoreAussies No, negative gearing also includes depreciation on the property - a paper loss. This is usually what makes a property negatively geared. So it doesnt take as much for it be be cashflow neutral

[Aleksandar Tomic @Atomic01At]

@agroasx Supply issues have stemmed from cost of building new being outrageous. Materials costs aren't changing, Labour costs are only increasing, so the core issue of housing supply is NOT getting solved

[Aleksandar Tomic @Atomic01At]

@aaronsmith Investors will either just hold for longer to try ride or the government, or buy commercial property where negative gearing isn't changing at all

[Aleksandar Tomic @Atomic01At]

@JEChalmers Why not tax LNG and mining exporters?

[Aleksandar Tomic @Atomic01At]

@ClareONeilMP Solve the supply problem, not the tax system.

Now, anyone earning less than 200k per year will pay more in CGT then if taxed at their personal income level. Insane.

[Aleksandar Tomic @Atomic01At]

@JEChalmers By forcing everyone earning less than 200k to pay substantially more for ANY CGT event.

Yeah, cool.

Nothing like a politician talking

[Aleksandar Tomic @Atomic01At]

@AlboMP Under these changes anyone earning less than 200k per year will now pay more for ANY capital gains event. Shares, property, crypto, etc etc.

Rather than solve core issues, all this does is stimulate conversation and gives you media attention

[Aleksandar Tomic @Atomic01At]

@Ben_Davison1 I thought they were doing this to make the property market more accessible for first home buyers? Make up your mind.

Ps it will achieve neither

[Aleksandar Tomic @Atomic01At]

@ausstockchick Give it 4 years and it'll be changed. 🤞

[Aleksandar Tomic @Atomic01At]

@MSpringAuthor17 Anyone earning less than 200k will not be paying more in taxes via CGT. 200K.

[Aleksandar Tomic @Atomic01At]

@michael_timbs Income tax meets CGT rate at 200k per annum salary. Anyone below 200k will now pay more cgt than if taxed at their personal level.