Super is taxed on death, if paid out to the estate usually 17% tax , if paid out to non dependant benificaries 32% tax. This conversation would be useful maybe if people actually had a proper understanding of the rules.IE CGT discount, ie if you hold a property for say 20 or 30 years, is the capital gain you make the difference between your purchase price 20 years ago and sale price now, the current price is actually just where the market is and the value of money has depreciated by the inflation rate. Pre 1984 CGT was non existent, when first brought in the accountants had to apply CPI rises for each year the property was held to get a current value and actually see if there really was a capital gain, the workload in doing this (imagine a farm held for 100 or so years in the same family through a trust ) caused the 50% after 12 months discount method to be used. Death taxes on other assets would only hurt those that couldn't afford or didn't have sufficient assets to warrant moving them into a vehicle beyond the inheritance tax regime. better to have an increase in GST etc, reduce personal taxes as per stage 3 tax changes, give people on incomes up to around 180,000 (i think) more reason to work and pay only 32% tax .they would have more income to spend (invest).Here is an interesting equation, Australia's current super pool stands at 3.5 trillion dollars and is increasing , what happens when it exceeds the national income (GDP) (it probably does now) this money needs to find somewhere ot invest to get a return, other countries have their version of our super system ,same situation , heaps of money looking for a return. !!!!!!
