@adowidagdo@John93174626736@lavosaurus But how are you making the money for a deposit... sitting in a bank account๐ค cause any investments will now take longer to make that money. Any profit from your investments will now be 30 percent less. Back to square one, while the government make billions...
@adowidagdo@John93174626736@lavosaurus How exactly?? All your savings, e.g. any capital growth now be taxed at minimum 30 percent.
E.g. a low income earner puts away money into EFTs to save for a home. When they sell they have no CG discount and now pay 30 percent tax on the earnings...make 100k, loose 30k of it..
@ausstockchick What's it going to do.. stop mortgage holders spending on everyday essentials like food and petrol. but give retired people with cash more money to spend.
Head on down to Westfield on a weekend, plenty of extra money being spent.
@HaveeSnowball Is 28 percent over 4 years... so an average of 7 a year. On a 90k salary that's $6300 a year before tax. So say an extra $70 a week take home. Such big money... ๐