It does apply to Federal Politicians and Federal Public Servents. States have Rights so may not affect them. Were you missing school? Taxing unrealised gains is fair if you insist on leaving above $3m in your Super. Assets are valued Yearly in a SMSF and taxed accordingly. If you lose money on a downturn in asset values you book up a credit for the next year to offset possible gain. Thats no different than say a share trader. So it is nearly the same across all forms of investment. I really think their should be tax categories so that the appropriate levers can be pulled for that category rather than the blanket interest rate or unemployment rate used across the board. Manufacturing shouldnt suffer higher interest rates when it could be Housing that needs Interest Rate adjustment. The RBA is too narrow in its levers and everyone suffers.
