@artificialoxyg1@linzcom No, they are introducing a minimum tax of 30% on capital gains, regardless of your income. If your income is $0 you will still be paying 30% minimum on your capital gains.
@_mumbling_me@PatMabuns This is not how it works under the new budget proposal. Respectfully, you should sit out the discussion if you haven't been keeping up with the changes.
@TrumpsWarCrimes@lomaxx The 50% CGT discount is being removed in the latest budget. Why do Americans think they know more about Australia than Australians do?
@Petitopinionsjm@michaelsnape There's no discount now. Under the new system, the cost base is indexed based on CPI. Now consider what the cost base would be for a software startup built in a garage. Barely anything. So the indexation does not help them at all, and they end up paying full undiscounted CGT.
@yupitchris@AvidCommentator You would be surprised mate. I bought my first ETFs in my early 20s when I was working hospo while studying at uni. And it's a lot more accessible nowadays than it was back then.