- Joined
- 3 July 2009
- Posts
- 27,053
- Reactions
- 23,592
Well this is what makes me always feel that politics is just a game of musical chairs, they are always tinkering with things that affect middle Australians, but never play with things that affect them.Let's see, those tax breaks are where the main drain is.
Let's see how serious they are about hitting the really wealthy, the ones with the McMansion overlooking Sydney harbour, driving the AMG Merc and pulling a full Govt pension.
Lets get properties over $3m assessable for the pension, why have caps on what someone can have in super(which I agree with).
When they can just transfer a lot into a zillion dollar McMansion, as a PPR and Bob's your uncle, just wealth transfer from 15% super tax, to 0%.CGT on PPR.
Will Albo plug that hole? Or is it just a populist vote catcher?
What did Olivia sing, lets get serious, serious.
How many ex P.M's end up living in a downsized house in the outer suburbs, when they retire? despite their humble beginnings.
Dutton vows to repeal super tax hike as PM rules out capital gains tax change
Peter Dutton vowed to repeal the government’s change to superannuation tax while Anthony Albanese ruled out any future changes to another expensive tax concession.
www.smh.com.au
Prime Minister Anthony Albanese ruled out any future changes to capital gains tax concessions on the family home and vowed there would be no more changes to superannuation this term of government, after unveiling plans to increase tax on super earnings over $3 million earlier this week.
“We are not going to impact the family home, full stop exclamation mark. Because it’s a bad idea,” Albanese said on ABC’s RN Breakfast on Wednesday morning.