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The whole idea is moronic.EGin year x I have unrealised gains of...

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Golden Fleece

3,512 Posts.

260

02/04/25

08:49

Post #: 78509536
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Originally posted by Questing: ↑

The Albanese government, led by Labor, is pushing ahead with its controversial plan to tax unrealised capital gains on superannuation balances over $3 million, despite opposition from various stakeholders. The legislation, which has already passed the House of Representatives, aims to increase the tax rate on earnings in superannuation balances above $3 million from 15% to 30% starting July 2025.26 The tax would apply to unrealised gains, meaning some taxpayers could face a tax bill on appreciated asset values even if they haven't sold those assets.

$3M is still too much for me and most Australian, but how much more tax shall Australian pay for the deficits caused by Labor's policies?

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The whole idea is moronic.

EG

in year x I have unrealised gains of $100,000 and so pay whatever the tax

next year the market drops significantly and I now only have realised gain of $50,000; do I get some of my tax back?
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