Top End Rooster

[Chris Brycki @chrisbrycki]

My business (and I personally) will qualify for the proposed tech startup carve out… but it's terrible policy.

If these tax changes are so damaging that the Government needs to create special exemptions for tech companies and a subset of small businesses, that's an admission the underlying policy has serious flaws.

Why should founders, employees and investors in one industry get relief while everyone else wears the cost??

What about the medium-sized manufacturers, retailers, healthcare businesses, agricultural businesses, professional services firms and the thousands of ASX-listed companies that employ millions of Australians?

And what about the 7.7 million Australians who invest in shares outside super? They don't get a carve out despite facing much higher tax on successful long term investments. That gaping hole in the policy hasn't been fixed!

This $77 billion transfer from the productive private sector and aspirational younger Australians to government will make Australia less competitive, discourage investment, productivity and entrepreneurship, and push more capital towards foreign investors who are often exempt from Australian CGT altogether.

It's a massive own goal for the country.

[Noel Whittaker @NoelWhittaker]

The CGT Tax Grab They're Hiding
The capital gains tax changes are worse than anyone realized. The actual tax rate is 32% including Medicare levy. And here's the kicker: it's a flat 32% regardless of your income. Zero taxable income? Still 32%. You can't reduce it with super contributions. You can't reduce it with charity donations. The only exception? Pensioners.
Self-funded retirees are being hammered while the government tries to rush it through Parliament before people figure out what's really happening. Spread the word. They're counting on you not noticing.

[Top End Rooster @TopEndRooster]

@scottobrien61 @Gatty54 U might think it’s a joke Scott but Gatty n I had a local member who is still Australia’s only political assassation, John Newman n I hope it is never added to ever from any side

[Top End Rooster @TopEndRooster]

U forget just how big a cheat the grasshopper was

[Top End Rooster @TopEndRooster]

U got to wonder how get up can put in a remote controlled banner past security, what if it was terrorists putting in bomb? How does that happen especially after Bondi which was only 7 months ago?

[Top End Rooster @TopEndRooster]

@karlstefanovic That’s what happens when u have an unqualified person running the show, if he applied for an AO4 job $83-$92k per year in his own department he wouldn’t get it cause his not qualified for it, wouldn’t even be shortlisted, it’s embarrassing

[Top End Rooster @TopEndRooster]

@ShitValueFund My work is passing on the wage increase + fuel excise costs to clients from July, every supplier is doing the same to us n there is no way inflation will be within target next meeting

[Top End Rooster @TopEndRooster]

@senatorbabet A repeat of John Newman

[Top End Rooster @TopEndRooster]

The whole week of Royal ascot only has $10m in prizemoney, while that’s in pounds it’s way less than I would have thought, overpass’s race had 25 running for 700k

[Top End Rooster @TopEndRooster]

Geez these bloody horse races keep getting in the way of the Royal ascot coverage

[Top End Rooster @TopEndRooster]

@DerekFranc90653 Derek can u explain how someone on the minimum wage is on the 30% tax bracket? Aren’t Labor for the workers?

[Top End Rooster @TopEndRooster]

@NannanBay Good old turn the taps on sally, maybe she should be concentrating on how someone on the minimum wage isn’t on the lowest tax rate with this government, ah that’s right she’s for workers- another grifter in the system

[The People's King Elvis @Real_King_Elvis]

It's not a lie if you believe it!

Does changing positions count?

[David McMahon @David_McMahon75]

The new 30% minimum CGT is perhaps the most obscene part of the proposed Australian budget. It deliberately targets people on low income and is against the spirit of our progressive tax system.

It punishes students (young and old), stay at home parents, those temporarily between jobs and people dealing with health challenges who cannot work for a regular wage. Check out submission #142 to the Senate Committee for a real example.

These are the type of people our Treasurer says are engaging in "tax avoidance."

[Peter Angelico @pfangelico]

This has aged like prawns left in the sun!🤣🤣

[Evan Cranston @EvanCranston]

This post encapsulates every junior startup in Australia.

In Western Australia, we have a plethora of start-ups known as junior exploration companies. These companies discover almost all the mineral assets that major mines extract, which power the Australian economy.

Typically, management leaves their high-paying jobs with the aspiration of building something significant. They take a risk to create something meaningful.

Due to limited funds, they entice staff with equity incentives. These companies are funded by retail investors who dream of striking it rich with their after-tax dollars.

They spend the money drilling holes, assaying samples, analysing results and building up mineral deposits.

If they strike it rich, they spend more money, employ more people and bring in other parts of the industry, continuing the cycle.

Ultimately, they either build a mine or a major takes them over, and shareholders pay their share of CGT to the government.

Now, if we remove this incentive at the outset, none of this happens. Without an incentive to make it, why take the risk?

Australia will never have a SpaceX under the new CGT laws.

Everyone is happy to pay their way! No one is suggesting paying zero CGT.

What we’re saying is don’t mess with a system that’s working perfectly for startups like exploration companies.

This isn’t about creating housing for first-home buyers; it’s about a tax grab to fuel incessant out-of-control spending.

[Roger Montgomery @rjmontgomery]

Why the 2026 Budget could leave young Australians holding the bill.

The latest 2026–27 Federal Budget relies on marginal tax tweaks to fix a massive, structural housing crisis – while ignoring billions lost to multinational profit shifting and skyrocketing government spending.

Instead of helping young people buy a home, these changes risk locking them into an expensive rental cycle while the economic drivers of the crisis remain intact. Swipe through to see the real numbers behind the budget.

#AusPol #FederalBudget #HousingAffordability #AustralianEconomy #NegativeGearing #TaxReform

[IMARoostàr🐓 @IMAROOSTAR]

Albo said - You can only lie to ppl once!

[Senator Andrew Bragg @ajamesbragg]

$77 billion in tax increases is not a tax reform 😂