Sam Porter

Married with three beautiful little girls and huge Lions fan. Live in Melbourne but always a proud Queensland boy. Fully vaxxed as well

[Sam Porter @ports74]

@DOMfay Getting the emergency pod ready for action here i believe 😀😀😀 fingers crossed 🤞

[Sam Porter @ports74]

@rtralphy Yep like the mighty Lions last year, you only get one chance to beat them, don't waste it on a non elimination final where you beat them, they get another chance for revenge. Take them out in a one off elimination final

[Sam Porter @ports74]

@DOMfay @MichaelWhiting Awesome work Dom, congratulations. A true inspirational effort

[Sam Porter @ports74]

@MichaelWhiting And now we cheer on @DOMfay in the Brisbane marathon tomorrow. Go the mighty Lions 🦁

[Sam Porter @ports74]

@alvey5 @BradKlibansky 100% agree Alves, poor leadership on display and his team couldn't stand up when it mattered. Your old boys had a great win, true grit to get over the line

[Noel Whittaker @NoelWhittaker]

🚨 Tax specialists have uncovered a sleeper clause in the federal budget bill designed to quietly inflate investor tax bills — and it's a rort. The bill which passed the lower house yesterday, introduces a mandatory "loss-ordering" mechanism for the first time in Australian tax history. Instead of cherry-picking how losses offset gains, investors will now be forced to burn through their oldest gains first — stripping away the 50% CGT discount and leaving newer gains fully exposed to the punishing new cost-base indexation regime from July 1, 2027.
Say you bought shares in 2018 and again in 2024. You sell both at a gain, but you also have losses to offset. Previously, you'd apply those losses to your 2018 gains first — which already qualify for the 50% CGT discount, meaning less of them are taxable anyway. Under the new rules, you're forced to do exactly that — exhausting the discounted gains first and leaving your 2024 gains fully exposed to the new, harsher indexation rules.
You end up paying more. This isn't an oversight. It's a deliberate revenue grab buried in fine print

[Sam Porter @ports74]

@rtralphy What's that concept, been a while since I've heard that 🤣🤣🤣

[Sam Porter @ports74]

@rtralphy And that my friend is why you are the guru and I'm just a mere mug punter 😆😆😆
Good analysis

[Chris Brycki @chrisbrycki]

The big surprise in last night’s Federal Budget wasn’t just the move from the 50% CGT discount to inflation indexation (which was already flagged weeks ago) ... it was the hidden minimum effective 30% CGT floor layered on top.

That’s an extraordinary change because it effectively moves long term capital gains from being taxed more concessionally than earned income to being taxed more heavily! In practice it pushes Australia’s effective tax rate on capital returns to at least double comparable global markets, making Australia completely uncompetitive for growth investments.

That fundamentally changes the economics of long term investing, entrepreneurship, innovation capital, R&D and high growth assets where much of the return comes from long term capital appreciation.

The impact won’t just fall on wealthy Australians. It will also hit many lower and middle income Australians who rely on long term capital growth from shares and ETFs to help fund retirement outside super.

If long term investing becomes less rewarding after tax, more households will choose to consume rather than invest, adding even more pressure to inflation and interest rates over time.

It will also affect thousands of small business owners who spend decades building businesses like physio clinics, dental practices and family businesses expecting the eventual sale to help fund retirement. If a much larger share of that sale proceeds disappears in tax, more Australians may end up relying on the age pension instead.

The Government also seems to underestimate how sensitive capital and talent are to tax settings. If the after tax reward for investing, building businesses and taking long term risks falls by this amount, capital doesn’t just magically stay put. Some of it will move offshore, some investors simply won’t sell assets and others will reduce risk taking altogether.

Ironically, that may mean the actual tax receipts end up far lower than Treasury expects, while Australia becomes less internationally competitive for investment, entrepreneurship and innovation.

It’s a tax policy that doesn’t properly consider what should be obvious second and third order consequences for capital flows, entrepreneurship, retirement funding, inflation and long term economic competitiveness.

And how exactly is a modest fall in house prices (Treasury modelling suggests house price growth will reduce by 2%) supposed to help younger Australians if rental supply dries up because private property investors leave the market? What’s the long term plan for housing availability if the economics of providing rental housing become completely unattractive?

This doesn’t seem like a serious long term economic growth strategy.

We’ll be updating our CGT change calculator today to reflect:
• the new transition timeline
• the post 1 July 2027 split treatment
• the surprise minimum 30% CGT floor
https://t.co/WFVQzYuMnt

In the meantime, here are our thoughts on what these changes mean for investors:
https://t.co/s0O8OrBXHB

[Sam Porter @ports74]

@rtralphy I'm pretty confident we have a pretty good culture, I'll back Fages over Carro and team any day 😀😀😀

[Sam Porter @ports74]

@rtralphy Yep, sure will. 100% agree with the free market analysis

[Sam Porter @ports74]

@rtralphy I'll meet you in a sports bar on the day and watch it on a big screen haha

[Sam Porter @ports74]

@rtralphy I was there as a neutral in MCC after attending a pre game function for my daughters footy team but that was such a fun atmosphere amongst the Dee faithful in that last quarter. One of the best afternoons i have had at the fory footy since the last day in September last year 😀

[Tony Tardio @tonytardio]

When a premier presides over a govt that pays stop go sign holders with one week’s training significantly more than teachers that premier is not to be listened to. Don’t compromise teachers go for the govt’s throat .

[Sam Porter @ports74]

@craigkellyAFEE Fascinating results tonight Craig . Labor will win as expected but One Nation is certainly charging. Interesting political times ahead. Hope you can get back into parliament with ON, we need you back

[Sam Porter @ports74]

@swandane Switch over to the Storm Swanny, much better game to watch

[Brisbane Lions @brisbanelions]

Fangirling over this group today (and every day tbh)! Happy St Patrick’s day to our Irish players, and for new recruits Ben Murphy and Caitlin Kennedy we can’t wait to see what’s in store for you at the Lions 🦁

[Sam Porter @ports74]

@rtralphy He's an embarrassment to our country. How could he not mention the people and Jewish community that were so horribly targeted on that dark day. How long do you think he lasts??