The "death tax" scare campaign is the laziest dog whistle in the playbook.
Here are the facts straight from the Budget papers and ATO:
Inheritance isn't taxed.
Estates aren't taxed.
Farms are exempt.
Small business CGT concessions are retained in full.
Existing testamentary trusts are grandfathered.
Fixed testamentary trusts can still be set up for new wills at zero extra tax.
The only change: new discretionary testamentary trusts created after 12 May 2026 will pay a 30% minimum on trust income from 2028.
There are about 10,500 testamentary trusts in Australia — 1% of all trusts. And only the discretionary, income-splitting variety set up from now on is caught.
30% is what a nurse on $80k already pays on her top dollar.
The Right isn't defending battlers.
They're defending the tax planning industry that lets wealth split income across grandkids and bucket companies to pay less than wage earners on the same money.
If you want to leave assets to your kids, nothing stops you.
What's stopping is the loophole.
JOE JONAS LITERALLY HAD TO RE LEARN THE LYRICS TO ON THE LINE TO SING THEM WITH DEMI BECAUSE THERE WASNT A TELEPROMPTER HAHAHA I’m happy my king knows his weakness is lyrics HAHAAHHA
HOT TAKE: Gender-neutral language often ends up erasing women, not empowering them. When “mother” becomes “birthing parent,” it’s not inclusive, it’s dehumanizing.
Penguin bubble party? Yes please! 🫧🐧
One-year-old rockhopper penguin Bumi had a blast with bubble enrichment! Keepers set up a bubble machine for the indoor habitat at Penguin & Puffin Coast for a fun bubble party.