super party is over

  1. 1,617 Posts.
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    As the business cycle is changing the Governments revenue will decline and the community pressure to cut down on legal tax breaks for the wealthy will become unstoppable (even with an Abbot government).

    There is no greater legal tax break for the wealthy than superannuation as it is only taxed at 15% instead of 45%.

    This party is not going to last forever nor should it if you ask me. I only hope they make the tax changes retrospective to claw back all the tax that has been evaded by hiding it into super.

    So put additional money into super at your own risk as you will not be able to get it out when the tax changes comes.
 
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