LABORs unrealised capital gains Tax

  1. 21,849 Posts.
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    THIS IS
    LABOR's plan

    therefore Please
    vote very carefully
    as your vote could cost you dearly

    now the funny part
    this TAX grab will sting the dopy LABOR Voters also
    (funny, yep LABOR are turning on the OWN VOTERS !.....)
    PM goes Biden-lite with unrealised capital gains tax

    Of all the Biden policies that Albanese shares, the worst is unrealised capital gains tax.
    So unpopular was it in the US that Democrats pleaded for Biden and Kamala Harris to drop it.

    https://www.theaustralian.com.au/su...-Segment-2-NOSCORE&V21spcbehaviour=append

    Example
    Say you have $100,000 in Commonwealth Bank shares. This year the bank’s stock price has gone up 7.3 per cent.
    If you don’t sell those shares then you have made an unrealised capital gain of $7300.
    Now pay $2190 of that or 30 per cent to the government.
    Don’t have the cash? Bad luck. Sell something.”

    Matthew Cranston in The Australian today.

    AND this would be each and every year !
 
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