Phillip John Brown

[Phillip John Brown @Bro2John]

@7NewsBrisbane @Riley7News Got the figures wrong for ON. It is 130,000 visas. So with around 200,000 typically leaving each year that is net negative migration.

[Phillip John Brown @Bro2John]

@4mambo Also 32% of the population is foreign born, higher for working age. Hardly starting that a lot are hospital workers.

[Phillip John Brown @Bro2John]

@4mambo That old trope. No one is going to deport them. And there will be less demand for hospital workers without a ballooning population. Countries with stable populations manage fine and don't have critical worker shortages.

[Phillip John Brown @Bro2John]

@QuentinDempster Rents have soared because Labor more than doubled immigration into a housing construction downturn. This was already a factor before the last election so there is no justification for the 'change in circumstances' argument.

[Phillip John Brown @Bro2John]

@TMFScottP @SydneyRealNews @spenderallegra The main justification is to discourage property investors so as to giver people looking to a place to live a better chance. So either the pretext is wrong or you are trying to have it both ways.

[Phillip John Brown @Bro2John]

@TMFScottP @SydneyRealNews @spenderallegra It might be convenient for the taxpayers, but economists are divided on whether it is double taxation or not.
It is not black and white - even if that is the way you view the World.

[Phillip John Brown @Bro2John]

@TMFScottP @nortssss @Spekul8tor I have explained it in my own words - I am not clinging to some narrow definition I Googled up.

[Phillip John Brown @Bro2John]

@TMFScottP @SydneyRealNews @spenderallegra That's just one way of looking at it. I said it 'could' be seen as double taxation if tax has been already paid on the money used to invest. Many economists and taxpayers think it is double taxation.

[Phillip John Brown @Bro2John]

@TMFScottP @nortssss @Spekul8tor A pedantic take. It is an inference that they lied. Saying they 'just changed their minds' is an incredibly weak defence given the circumstances.
Also that they took the policy to an election and lost. This goes to intent.

[Phillip John Brown @Bro2John]

@TMFScottP @nortssss @Spekul8tor It is circumstantial proof. No change in circumstances. A long list of other broken promises. It can therefore be inferred as lying. I explained all this before.

[Phillip John Brown @Bro2John]

@TMFScottP @SydneyRealNews @spenderallegra It could be seen as double taxation.

[Phillip John Brown @Bro2John]

@Ben_Davison1 Negative geraring only applies if you buy shares using a margin loan. And then only if the shares pay a dividend. Growth stocks typically don't pay a dividend.
You are overlooking that the 50% capital gains tax discount is gone - this makes buying shares far less attractive.

[Phillip John Brown @Bro2John]

@RobToThheOz @tonyreeswoods @TMFScottP No idea how you arrived at 3X rate. Tax and Medicare on 100,000 is around 22,800. A capital gain with 50% discount is roughly the same if it puts you in the top bracket when added to your assessable income.
I don't think the 90% figure is right either.

[Phillip John Brown @Bro2John]

@TMFScottP @Allocator82 @SctBrooks1 @AustRepublican You keep saying it's 'fairer' with no logical basis. We have different rates for different taxes all the time. The economic impacts/ behaviour are taken into account.

[Phillip John Brown @Bro2John]

@TMFScottP @Allocator82 @SctBrooks1 @AustRepublican They aren't. Also creates the problem of losing talented people and ideas to lower taxed juristictions.

[Phillip John Brown @Bro2John]

@TMFScottP @Allocator82 @SctBrooks1 @AustRepublican Well they are hardly going to thinks it's 'fairer'. They will just be paying more tax now.

[Phillip John Brown @Bro2John]

@adrianjw73 @David_McMahon75 Don't do numbers, do you? You will pay significantly more without the 50% discount. Selling a business will likely put you in the top tax bracket. And you can't average it over 5 years like pre 1999. Also the 30% floor will hit a lot of low income earners.

[Phillip John Brown @Bro2John]

@adrianjw73 @David_McMahon75 A lot of private businesses will be caught up by this. If you start a business, then sell it this is a CGT event.
You realise we are in a productivity growth slump? Also we now rank lowest in the developed World for economic complexity. This is the last thing we need.