1). Spent time in Epworth yesterday morning and the narrative of resilience, enterprise & suffering is very evident.
The neglect & lack of development is very clear for all to see but despite all that, the locals have created a very vibrant local economy.
@Whats_Newsss We have a serious problem in Australia. We have centred too much power, around certain bureaucrats. For her to try and argue censorship to protect adults is nonsense. Responsibility for any illegal crime goes to the person, never externalised to platforms.
@Ryandally08 Hi Pot ๐๐พ, meet Kettle
Monique Ryan who claims to be โIndependentโ but votes Labor 95% of the time, and is bankrolled by billionaires. Nothing to see here
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@strangerous10 Pot, meet kettle. Labor is doing the bidding of a particular billionaire who went to China with the Prime Minister to push their Green Steel fantasy
๐จ Tax specialists have uncovered a sleeper clause in the federal budget bill designed to quietly inflate investor tax bills โ 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 beย forcedย to burn through their oldest gains first โ 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 โ which already qualify for the 50% CGT discount, meaning less of them are taxable anyway. Under the new rules, you'reย forcedย to do exactly that โ 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
@DavidPocock I would love to have a chat with you one day. I do find you to be a reasonable politician who consults widely. I don't agree with all your positions, only, but you call out a spade when you see one.
I can't believe I'm saying this, but @Barnaby_Joyce is right. "You buy assets out of after-tax income." That's why every advanced economy taxes capital gains at a lower rate than ordinary/labour income. And if we want to lower the burden on workers th en we should tax labour income less and consumption more.
https://t.co/lYstzlhn60
Dear @JuliaGillard - on behalf of Australian women and girls who deserve the right to their own spaces, the right to say no to males invading them, and the chance to play sport fairly and safely - you are a disgraceful, misogynistic, fraud. Todayโs ruling is on you. For shame.
@NightShift57687@Sauronlordking The only context missing is that the uncle set up a discretionary testamentary trust which means it will be subject to 30% minimum tax aka death tax starting 1 July 2028. Happy now?
@TheAusInstitute Hereโs the problem: I was actually supportive of the idea, but the moment so-called โnon-partisanโ groups start aggressively pushing this agenda, Iโve become deeply sceptical. Iโm supposed to believe yet another round of taxes will somehow help everyday Australians?
@TheAusInstitute@GrogsGamut Just like the tax cuts your mates in Labor have done? Funny how a so-called โnon-partisan independentโ think tank turns into scaremongering against indexing tax brackets. You want people to pay more tax even as their real purchasing power falls due to inflation.