Beewill

I MAKE CRYPTO POSTS.

[Beewill @CryptoRogue31]

@PatrickLenton Thats how fucked up the other parties are.

Mainly because they were called/made to feel 'stupid' by arrogant left wing commentators.

[Beewill @CryptoRogue31]

@Michtull @TheRealDavey2 No, they think Realised Capital gains should be taxed differently.

That is different to investment derived income, which they have not mentioned.

Investment derived income is taxed the same as any income. Because it's all income.

[Beewill @CryptoRogue31]

@Michtull @TheRealDavey2 You described income. An investment delivering 200k will be taxed on that income of 200k.

Do you not realise that investment income is taxed the same as working income?

[Beewill @CryptoRogue31]

@BrentHodgson @axiomaticmemes So should Caiptal gains be taxed the same as income or not?

[Beewill @CryptoRogue31]

@Michtull @TheRealDavey2 Are you an idiot?
If you inherit a portfolio returning an INCOME of 200k a year.

You pay tax the SAME ON THAT INCOME either way.

You couldn't even use capital returns vs income. You used inheritance (not capital returns) and then in income stream (which is taxed)

[Beewill @CryptoRogue31]

@TMFScottP It's not even that it's going backwards. It's that they lie about the reasons. Or they blow smoke up your arse about it.

If you read labor material, you'd think we have had the best four years in the history of the country.

It's intellectually dishonest

[Beewill @CryptoRogue31]

@dankatriley @David_McMahon75 so then why doesn't the wrapper company pay the same tax?

How does what you're saying solve that issue?

[Beewill @CryptoRogue31]

@adrianjw73 @David_McMahon75 Can you claim Capital losses against ordinary income?

[Beewill @CryptoRogue31]

@Ben_Davison1 The tax setting does nothing to change this whatsoever. There is nothing in the proposed changes that futher disincentivises empty properties. What are you talking about?

[Beewill @CryptoRogue31]

@Ben_Davison1 This is what htey came up with in a 'productivity' comission. This is why they're idiots.

If they wanted a bigger trough to feed from, just say it and be done. Don't spin it as though it's helping anyone not on the government teet.

[Beewill @CryptoRogue31]

@RobToThheOz @DanSmith18 If its the same income, they pay the same tax. Hence it's called INCOME tax.

If you're taking things that aren't income and then calling them income, the issue is you simply don't understand the situation, which seems to be the current left wing position.

[Beewill @CryptoRogue31]

@phenidone @JasonSpaceTime @TMFScottP @spenderallegra So the asset that is owned, can have income distributed. If the doctor is sole practitioner they cannot distribute any of their income to their family. Plus if the doctor is making 500k plus (likely) this rule change doesn't even affect them. Thats why its stupid.

[Beewill @CryptoRogue31]

@TMFScottP @spenderallegra If a family making 100K combined (less than 2 minimum wage workers) is the focus of who needs to pay more tax, the system is broken. It proves that you have no idea about tax policy beyond "all business owners are evil".

[Beewill @CryptoRogue31]

@tomdflynn There absolutely should be an inheritance tax and it should be counteracted with an equivalent reduction in income tax dollar for dollar.
I'm going to inherit 500K to 1 million dollars in 25ish years when im 65. The whole thing is fucking pointless.

[Beewill @CryptoRogue31]

@IFM_Economist It'll change soon in terms of Vic economy. Even if Labor win, it will be a structurally different labor in Victoria. A labor that listens to its 'one nation curious' base rather than its 'greeny-lite' base is actually a solid government.

[Beewill @CryptoRogue31]

@AvidCommentator If the government can't build infrastructure, then more people is worse.

If the GDP per capita is decreasing and population is increasing, it's the double whammy of govt not needing to reduce spending AND day to day life worsening.

[Beewill @CryptoRogue31]

@Deevitha_ @tanya_plibersek exactly, the worker is worse off in real terms. The smalls businesses are absolutely screwed and the government creams money to spend on whatever rubbish they want while they lie to all our faces.

[Beewill @CryptoRogue31]

@iwearahoodie @AshPolitik Because you're a bad business owner!

See I'm much better....
Ash told me so!

[Beewill @CryptoRogue31]

@CraigSarg73 @AshPolitik I think they should get 350 trillion. So now I'm smarter than you and you are brainwashed by Pauline Hanson!

[Beewill @CryptoRogue31]

@iwearahoodie @AshPolitik This is so fucking stupid. Of course they shouldn't get 350,000 per year.

They should get 350 trillion!!!! Think of how much money everyone has then!!!

Now im a better small business owner than you!