@Ryandally08@Chriskenny_sky The most annoying thing is this Socialist PM @AlboMP can’t even look someone in the eye when responding. It is a gutter pathetic excuse for never having to explain. Surprised he didn’t mention single mum and housing commission to prove his point. Pathetic little man. #Auspol
🚨 Tax specialists have uncovered a sleeper clause in the federal budget bill designed to quietly inflate investor tax bills — and it's a rort. The bill which passed the lower house yesterday, introduces a mandatory "loss-ordering" mechanism for the first time in Australian tax history. Instead of cherry-picking how losses offset gains, investors will now be forced to burn through their oldest gains first — stripping away the 50% CGT discount and leaving newer gains fully exposed to the punishing new cost-base indexation regime from July 1, 2027.
Say you bought shares in 2018 and again in 2024. You sell both at a gain, but you also have losses to offset. Previously, you'd apply those losses to your 2018 gains first — which already qualify for the 50% CGT discount, meaning less of them are taxable anyway. Under the new rules, you're forced to do exactly that — exhausting the discounted gains first and leaving your 2024 gains fully exposed to the new, harsher indexation rules.
You end up paying more. This isn't an oversight. It's a deliberate revenue grab buried in fine print
@woftam64@MurrayWatt I was thinking the same thing! The comments totally destroy anything this over paid lazy politician @MurrayWatt posts. He is so stupid he doesn’t realise it! But let’s hope he doesn’t stop! It’s comedy genius! #Auspol
@MurrayWatt Bullshit again @MurrayWatt . They are opposed to the sneaky way your corrupt government packaged up the Budget reforms, tax cuts etc into one bill. They are different issues and should as normal be debated separately. Disgusting 🤢 as always #Auspol
@DavidShoebridge We have deep concerns about you trying to turn Australia 🇦🇺 into a Socialist backwater. What happened to the environment you clown! 🤡 Just a low life loser.
@larissawaters What a load of rubbish. No mention of hard working union members who see there Subscriptions poured into the Labor Party. The biggest donors in Australia by the time you add in State Labor $$$. But that doesn’t suit the narrative does it? @larissawaters socialism doesn’t work.
@IanBatchelor11@senatorbabet Well perhaps we could get Ms Cody to accept that there are biological males and females and we would be better off. She could not answer it in Senate Estimates and did not recognize the term. Thank god she is not my doctor. This whole situation is just woke bullshit.