Hi,
The 50% discount was a free hit to those with assets.
Even Labor's reduction to 25% is not good policy[just not as bad].
If you make a dollar, pay tax on that dollar. Reasonable to adjust that dollar value using the cpi changes, so that the tax is on "real" dollar gains.
Anything else just introduces distortion in the taxation system, which then feed thru into distortion of investment decisions.
cheers
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- Capital gains tax discount is too generous -Poll
Hi, The 50% discount was a free hit to those with assets. Even...
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