Had a proper look at the world cup fixtures for the first time.
Some of those games are for massive perverts.
Iran vs New Zealand at 2am on a Tuesday stands out. That'll separate the leisuremen from the employed.
So I just rewatched the final 3 minutes of the #AFLSwansSaints game. And it's confirmed, Darcy's non goal was actually a goal. Cleared the line by roughly a foot. No review, nothing. Extraordinary that nobody in the media or commentary team has picked this up.
INSANE 🚨 Australia’s new CGT rules = double taxation madness for top earners (47% bracket):
1. Earn $1,000 income • Taxed at 47% = $470 income tax • Left with $530 to invest
2. $530 investment doubles to $1,060 • Capital gain = $530
3. Under new rules (replaces 50% discount — real gains taxed at full marginal rate up to 47%) • CGT at 47% on $530 gain = $249 tax
4. Total tax paid: $470 + $249 = $719
5. Final amount kept: $1,060 − $249 = $811
You started with $1,000 pre-tax earnings.
Government took $719 in taxes.
You end up with $811 — even after doubling your after-tax money.
Work once → taxed at 47%.
Save & invest → taxed again at 47%.
This is why the new CGT changes kill incentive to work, save and grow wealth. 🇦🇺
#AussieTax #CostOfLiving #TaxReform
Paying a videographer to showcase how badly you’re fucking the country while delivering a budget for the same country is a new level of hubris. I hope karma bus hits these people at some point.
Behind the scenes: a busy week delivering this Budget with the team.
It’s all about supporting people through this global oil shock at the same time as we reform the tax system and our economy for the future.
Have a listen to this dribble and see if you can make sense of Albo’s answer…
The question: “Why were the capital gains tax changes applied to all assets rather than just residential property”