"Guess I'm a commie too"
No need to guess mate, I shall confirm it!
Oh ye of the Cloudy millennial mindset;
do you know Australians already do pay Tax they owe on Death Benefits they receive from Superannuation Payouts from deceased individuals' estates.
Adult children are the worst hit as beneficiaries in their parent's wills.
The ATO is hesitant to provide percentage rates on its website probably because it reaps in hundreds of $millions yearly off beneficiaries I've read.
It's likely to be either 15%, 17%, 30% 32% or zero of the Super benefit inherited, depending on many factors.
So much for no inheritance tax in Australia.
So much for Superannuation belonging to the worker who accumulated it.
Never ever trust a socialist Labor gov't especially when they will need to appease 8 or 9 Communist Greens senators to get any legislation passed.
Remember Gillard's lies on no Carbon Tax and gov't spending etc. and then later the real Julia turned out to be a Fabian communist who blew the Budget then to top it off went on a global philanthropy tour gifting $billions in borrowed money to ridiculous causes and was rarely questioned or criticised by the MSM especially not by their ABC.
Remember who installed Gillard as PM and was a key frontbencher.
His initials are BS.
https://www.legalconsolidated.com.au/
super-
death-tax
A Superannuation Proceeds Trust is a poor substitute for a Superannuation Testamentary Trust. If your children are over 18 the Super Death Tax on your Super is 17% or 32%. Reduce this to zero. Put a Superannuation Testamentary Trust in your Will, rather than a Super Proceeds Trust
