GForce

[GForce @G_Force1981]

The ironic part of this is that because all expenses get claimed at the end when the gain (assuming gain) is made that accumulated loss actually has a better effect because of the income that is also being taxed in that same year of sale and is most likely putting someone into a higher income bracket. So the expenses are against higher tax brackets instead 3 potentially lower brackets...

[GForce @G_Force1981]

@Longevity_EDU @grok is this true?

[GForce @G_Force1981]

@OMGTheMess It's the same as the no negative gearing, they are not saying you can't claim the expenses, they are just making to claim the expenses at the end when you sell or generate positive income.

So like the super situation people with plenty of money are not affected

[GForce @G_Force1981]

@AlanKohler What if they did What the US does and allows Owner Occupiers the ability to have their home loan interest tax deductible, that would increase affordability without any house prices getting less expensive :)

[GForce @G_Force1981]

@grok @Shaooo6 @ElectricSingh Ok so when will I get version 14 :), my tesla is officially 2 years old now, hardware version 4, model 3 performance

[GForce @G_Force1981]

@Shaooo6 @ElectricSingh @grok was there an airbag bug in the latest version 14 for FSD in Australia?

[GForce @G_Force1981]

This tax grab is just an excuse for our of control government spending.

The fact they need to raise more taxes while at the same time not be able to have peoples taxes move with inflation just amplifies the out of control spending.

We're you aware that the current 50% discount raises more taxes than the previous 1999 tax rules? If we went back to indexation, 5 year income averaging (which is more fair as it is not like people are having CGT events every year) then there would be less tax to pay than now.

The reason for the 50% rule was to simplify the tax calculations not to give discounts like the lies that are being spread.

If you want it fair then people should be able to invest with "before taxed dollars" but if someone goes without to try and build a better future for their family then they will now get more complicated tax calculations, CPI adjustments which are actually wrong because things like small good, TV'S and cheap clothing all reduce the real CPI, then add on it will all be taxed in 1 year and minimum 30%.

[GForce @G_Force1981]

@GrumpyAussieDad @TeslaAUNZ I know right :)

[GForce @G_Force1981]

@ZolaInRecovery No disrespect, the only question anyone should ask is "what can I do about it" complaining about anyone else just takes away your power

[GForce @G_Force1981]

@ElectricSingh Surprising it doesn't go to who got FSD first with version 4 hardware.... yeah I'm salty as it hasn't dropped yet for me :)

[GForce @G_Force1981]

A simple maths check would show you that pre 1999 tax rules if applied right now would actually mean less tax paid by investors, so current 50% discount policy is actually taxing more.

So given the taxes are higher now, must mean something different caused the growth.

What else was done at the same time, higher immigration and the introduction of the first home owners grant. So higher demand and easier for people to buy. Kinda like what is happening right now

[GForce @G_Force1981]

@TheIdiotTax Also what happened with the pandemic was everyone employed regardless where was guaranteed income so there was no fear over loss of work, so that is irrelevant

[GForce @G_Force1981]

@CraigSarg73 These other countries can do it, smaller government as a percentage of all jobs, surpluses every year, lower income tax, lower company tax, and Zero CGT

[GForce @G_Force1981]

@Brendon5374 The rising rates are what is slowing the maeket, it has decreased first home buyers also which if the changes had anything to do with it that shouldn't be happening the first home buyers should be increasing which it isnt

[GForce @G_Force1981]

@Husqvarna73 @bnthompson Here Stephen, If we used 1999 rules tax payable would be less than current 50% discount policy. It was implemented to make accounting for expenses, inflation etc very simple. New rules make it harder again and increase taxes

[GForce @G_Force1981]

I dont like any side of government, they all lie, they all over spending, but what is wrong with the potential hope this may bring to this family of a better life for their children? Your view, my view are of no interest to others who are dealing with life in their own way they know how

[GForce @G_Force1981]

@Mark_Graph The way CPI is accounted for is garbage. Due to being able to buy stuff cheaper from places like China, TV'S, electronics, clothes lowers the real inflation percentage when mixed with everything else.

[GForce @G_Force1981]

We all know when the government spends money it costs over 3 times the same thing for someone else or the private sector to do it. So no thanks, the government needs to stop this needless spending. Schooling, medical sure no worries, most other things, stay out. All government handouts and such results in that product or service increasing in price as it inflates demand with out fixing supply... kinda like housing

[GForce @G_Force1981]

@SteveOnSpeed Purpose