@ausstockchick Food delivery has been a thing forever. Once it was just milk, then it was pizza and Chinese food. Now it is everything not a surprise really.
@ausstockchick You are mistaken the A grade students are running the world from behind a computer screen not in plane sight. Example social media/internet bans!!!!
@Anthony_Pugh2 If you don’t know what this statement means watch “coach Carter”. Kids these days are soft. I remember running thousands of suicides in the 90’s, not in one sitting. But it doesn’t happen anymore.
@OzraeliAvi@2worldsPodcast@big_chocky Why are you using AI to try discredit someone? Or using AI for research. Soon none of you all with be credible or trustworthy.
Current System (50% CGT Discount)
Step 1: Apply CGT discount
Capital gain: $100,000
50% discount: $50,000 taxable
Step 2: Total taxable income
Salary: $100,000
Taxable capital gain: $50,000
Total taxable income = $150,000
Approx tax payable
Tax on $150,000 ≈ $40,567
Tax without the capital gain
Tax on $100,000 salary ≈ $22,788
Effective tax caused by the gain
$40,567 − $22,788 = $17,779
So under the current system:
Tax on the $100k gain ≈ $17.8k
Effective CGT rate ≈ 17.8%
Proposed New System
(30% minimum CGT with no 50% discount, plus indexation)
For this example, assume inflation indexation = $0 adjustment.
Step 1: No discount
Entire gain taxable = $100,000
Step 2: Total taxable income
Salary: $100,000
Capital gain: $100,000
Total taxable income = $200,000
Approx tax payable
Tax on $200,000 ≈ $60,667
Additional tax caused by the gain
$60,667 − $22,788 = $37,879
So under the proposed system:
Tax on the $100k gain ≈ $37.9k
Effective CGT rate ≈ 37.9%
The government is taking in an additional $18,975 in tax for every $100,000 capital gain sale.
That's 18.97%!!!!!!!
Before pharmaceutical companies became the primary advertisers on American television, when the ad breaks were filled with cereal and vacuum cleaners, measles was discussed very differently.
Watch for the contemporary comparison at the end.