If they took the tax on unrealised gains away, I would have no issue with paying higher income tax over a certain cap. This is no different to income tax outside super anyway and those with more can afford to be slugged yet again. So I hope you are right and sense prevails.
The problem with caps and tax levels is that over time more and more people get caught and pay higher taxes. Bracket creep does over time. Wages go up and more and more people get caught paying higher taxes over time. Same thing will happen with the super caps as they won't be indexed.
Don't change the rules while I'm trapped within super and force my hand to sell a unicorn stock like LTR. I believe there is still a lot of growth to come but who could risk holding and paying the tax on unrealised each year when the price can jump around like we've seen. Can't the government wait for dividends or let people move assets outside super if above the caps and trapped?
Anyway, appreciate a lot of people are bored with the subject. I didn't plan on posting on it anymore after the weekend and this will be my last post on the matter.
G
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Last
81.0¢ |
Change
-0.015(1.82%) |
Mkt cap ! $1.964B |
Open | High | Low | Value | Volume |
81.5¢ | 82.0¢ | 77.5¢ | $15.36M | 19.24M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 37388 | 81.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.5¢ | 95789 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 37388 | 0.810 |
7 | 808353 | 0.805 |
7 | 51000 | 0.800 |
3 | 11750 | 0.795 |
7 | 283321 | 0.790 |
Price($) | Vol. | No. |
---|---|---|
0.815 | 61191 | 9 |
0.820 | 103600 | 2 |
0.825 | 75943 | 8 |
0.830 | 80561 | 7 |
0.835 | 73250 | 4 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
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