@MSpringAuthor17@JEChalmers ‘But what about those who are using it to save for a house’- good luck getting a mortgage while being in a sub 30% tax bracket, why would this person be selling?
Hey 'shadow treasurer' add these number than divide the number of years (5+2.5+2.5+2.5+2.5)/5...... Oh wait did that number reuslt in a 12.5billion black hole?
Our embattled Treasurer @JEChalmers is now calling his own Budget a lie. He’s released modelling today that assumes a 3 per cent inflation rate. Yet his Budget papers say it will be 2.5 per cent. This is a live action train wreck.
@justbeans4 i think its gotten more common, but even then... how much like a couple thousand? and this AI chick then sold? For a massive capital gain? The whole thing is like 0.1% case haha
@AvidCommentator This was an SMS poll, last time they did this for SA it overshot the number by 5%. Wondering how similar (if at all) the difference is
@abl567@sspencer_63 again this scenario wouldnt be applicable as the cost base would be indexed to inflation, both of these comments are a gross misunderstanding
@abl567@sspencer_63 doesnt this help his argument? I mean if youre saying that the $10k is all dividends then that means it would even be less likely to have a $10k capital gain and he would need even more moeny to do this??
@TMFScottP@Steen_Dr Is it not to prevent the go around of putting the capital assets in the lower earners name? Like Jason said, often the people that arent in the 30% bracket dont have assets... or they are oldies... or they are spouses or family members of people that do?
@Zuk1x27@AlboMP This also doesn’t include the fact that tax rates are progressive, so your effective tax rate when you’re in the highest bracket is closer to 30-35%
@Zuk1x27@AlboMP Good bait, if you have the highest tax rate, you have 47%…. Do you know how gst works? 10% on everything, if you spent every dollar of the remaining from your pay you would get 5.3%… which is 52.3%….