@George41079@Ben_Davison1 Your tweet is the usual tiresome claptrap used to argue for lower taxes. The problem is the mix of taxes, yes. But fundamentally Australia is a low tax country.
@Gugabed@isaacfloyd13 That’s false. They might lose their house if they can’t pay their mortgage, but that’s got nothing to do with changes in assessed value.
@BrettS69@DrCameronMurray In Australia you are not capped. Some people have hundreds of millions (!!!) is super. It’s common to retire with >1M. And it can be taken as cash and you still get it if you die.
@TheIPA Complete rot. NZ does tax capital gains. Capital gains are generally treated as regular income and taxed at the taxpayer’s marginal rate (up to 39% for individuals) if the asset was acquired with the intention or purpose of selling it for a profit. This is just complete rubbish.