Share
379 Posts.
lightbulb Created with Sketch. 16
clock Created with Sketch. 22/05/25
17:37
Share
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.
Expand
Questing, The Labor has to find money to pay for all the welfare rorts, particularly people who have come to Australia and have not paid tax, these people are being brought into Australia as " Future Labor Voters" , come to Sydney's South West or Sydney's Burwood area.
