Callum Bennett

[Callum Bennett @CallumBennett28]

@hef_mark @Steen_Dr @cjoye The taxable gain is 60k but has been reduced to 40k via inflation indexing. Its 30k taxable under the current system. Which as 30% tax like the example above is 9k tax.

[Callum Bennett @CallumBennett28]

@hef_mark @Steen_Dr @cjoye I think you would pay 9k because you dont get the inflation discount on the 2 winners. Which is 20k so 60k winner taxed on 30k. So 9k tax.

[Callum Bennett @CallumBennett28]

@dan1245698 @Bondiward @DrCameronMurray Not affecting the retired. Well at least if you are able to claim some form of the age pension I believe.

[Callum Bennett @CallumBennett28]

@KennethLoon @ArrowInvestor Not sure this is the best example of the new system being bad as under the old system you would be paying tax on 60k not the 50k described here. There are some horribly deceptive examples going around at the moment....

[Callum Bennett @CallumBennett28]

@HarryFromSyd @19yma19 @chrisbrycki Stocks that aren't performing above inflation for whatever reason might be worth selling at some stage if you still believe rebuying. Cleary growth stocks are the hardest hit but there are some instances for low performing parts of the portfolio that this is beneficial.

[Callum Bennett @CallumBennett28]

@HarryFromSyd @19yma19 @chrisbrycki Correct, so under the old system you would be paying tax on shares that under the new system you wont. Those stocks that underperform and track inflation. Stocks that a high dividend yield become very attractive. Also something ive been pondering...

[Callum Bennett @CallumBennett28]

@HarryFromSyd @19yma19 @chrisbrycki But you dont get to discount indexed losses now on nominal gains? I understand the gains have a 50% discount but to me its a 1 for 1 swap. Instead of the 50% discount your gains are indexed.

[Callum Bennett @CallumBennett28]

@PeterOfPerth @toy59496 Why is it 500? We havent been given the nominal increase pre inflation which is how the 50% deduction currently works?

[Callum Bennett @CallumBennett28]

@ShitValueFund If you bought them in an ETF high risk is better. Can see ETF's or bundles becoming more valuable. Its is also a hand picked scenario which is very unlikely to come off with a 'high risk' portfolio more likely to have a couple big winners and some losers which would even it out.

[Callum Bennett @CallumBennett28]

@theweekafternxt But currently you pay tax on them both of they are a gain regardless of inflation? If you have an underperformed stock the increases 3% over 5 years and inflations is similar you'll pay not tax. Previously you would have paid tax on the gain.

[Callum Bennett @CallumBennett28]

@SusieNoonan2 Only if the shares go up Suzie.

[Callum Bennett @CallumBennett28]

@cjoye @MayneReport Isn't the capital gain going to track inflation? The marginal rate would not be 46-47% after 10 years. If inflation is in the target band that wouldn't that be a 25% minimum reduction if that inflation rate isn't compounded?

[Callum Bennett @CallumBennett28]

@EttelJohn @PaulineHansonOz Yeh absolute rubbish, one nation clearly wanted some votes up their sleeve. So dodgy!!

[Callum Bennett @CallumBennett28]

@bigbanghead75 @rohancct Alcoholic halfwit, thats a new one..

[Callum Bennett @CallumBennett28]

@Jeremy_Morton_ @AustralianLabor @AlboMP @MurrayWatt @Senator_Farrell @SenatorWong @tanya_plibersek @SunRiceFoods Thanks for the insight.

[Callum Bennett @CallumBennett28]

@MarkGottlieb @craigvn I found it very reassuring to be honest, obviously not going to delve into it too much but clearly we are leveraging our exports of coal and LNG to make sure we have fuel. He said in as many words around strong trade partnerships.

[Callum Bennett @CallumBennett28]

@TMFScottP I found it good Scott, look after each other get around your mates, be an Australian. Cant it be as simple as that.

[Callum Bennett @CallumBennett28]

@ronInBendigo You mean uni students? majority of maccas workers are under the age of 18 anyway.