Michael Tull

The unity of labour is the hope of the world.

[Michael Tull @Michtull]

@TaxPawspective @Totally4yeah @RobToThheOz You’ve previously contended nonsense things like :
- tax settings have no impact on house prices
- trusts aren’t tax minimisation vehicles.
Are you now claiming that wealth can’t be inherited? Such a claim would defy reality and mass of evidence.

[Kym Brown @KymBrown67]

@PaulineHansonOz

[Michael Tull @Michtull]

@Timberwolf_1 @RizviAbul Out of interest, what do one nation supporters think ‘foreigners’ should be allowed to invest in?

[Michael Tull @Michtull]

@Trowy4 @SimonCotter62 You’ve used all your economic knowledge and most of your vocab in one sentence…congrats dude.
Next time maybe try an argument & some evidence.

[Michael Tull @Michtull]

@Trowy4 @SimonCotter62 Tax concessions have the same budgetary impact as social security and exactly the same impact on your bank account…it’s a payment to you …and other tax payers fund it. Time 4 you to get off the middle class welfare and stand on your own 2 feet

[Stephen Spencer @sspencer_63]

Would the people who run Pauline Hanson’s Facebook page from the Philippines and the USA be allowed to buy property in Australia under a One Nation Government?

[Michael Tull @Michtull]

@Trowy4 @SimonCotter62 Tax concessions are handouts dude.

[Michael Tull @Michtull]

@Trowy4 @SimonCotter62 Think about this…the investments that most people make are in their own skills & career…ie human capital investment. If you’re successful you end up in a top tax bracket…why should that investment, which is very important to our economy, be taxed more than capital returns?

[Michael Tull @Michtull]

@Trowy4 @SimonCotter62 So thats a yes then that you don’t understand it 👍

[Michael Tull @Michtull]

@Trowy4 @SimonCotter62 Is that your way of saying you don’t understand the tax incentives & distortions arguments for better aligning tax treatment of capital returns and labour

[Michael Tull @Michtull]

@Trowy4 @SimonCotter62 An investor buying shares from another investor isn’t “in business”…they are speculating on stock prices.

[Michael Tull @Michtull]

@Trowy4 @SimonCotter62 shifting tax on capital so it’s more closely aligned with tax on wages does 3 things
- revenue raised is given back to wage earners via tax cuts
- removes tax incentive to invest in existing housing, &
- reduces inequality, makes homes more affordable, & benefits the economy.

[Michael Tull @Michtull]

@Trowy4 @SimonCotter62 capital returns have been taxed less than wages so workers pay more tax than someone with same income from returns. This creates inequities & distortions..reflected in wealthy investors gaining an ever larger share of the housing market & making housing unaffordable…

[Michael Tull @Michtull]

@InformDB @SimonCotter62 Lamest response I’ve seen for a while

[Michael Tull @Michtull]

@StandupAussie @rakeau @MisinfoFact That’s a dumb argument… the facts are that cgt & neg gearing are the reasons found people can’t afford a house.

[Michael Tull @Michtull]

@Totally4yeah @RobToThheOz A person sitting on a big portfolio they inherited faces a lot less economic risk than someone selling their labour…and yet the person with inherited wealth gets a tax discount just cause they own assets..not justified is it.

[𝘊𝘦𝘯𝘵𝘳𝘦𝘝𝘪𝘣𝘦 🇦🇺 @centrevibe]

Takes a lot of guts to take on the vested interests of the property lobby to fix the distortion caused by the Howard governments changes to CGT and negative gearing. #auspol

[Michael Tull @Michtull]

@rakeau @StandupAussie @MisinfoFact If you think capital and labour have been taxed the same you’ve not been paying attention.

[Michael Tull @Michtull]

@rakeau @StandupAussie @MisinfoFact Stop complaining about having to pay the same tax rates as a worker does.
The tax breaks for asset owners have gone on too long.
It’s only fair the system gets evened up now.