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And a married couple with $2M each in super will pay $300 K tax...

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Old Engineer

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04/03/23

17:20

Post #: 66603596
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Originally posted by noddy10: ↑

Yeah, fair enough. I was thinking about the TBC going up again and the tax free income limit outside that as well. If you’re going to be hit with tax on unrealised capital gains then you’d be pretty pissed off.

When the dust settles and younger workers with ambitions to retire well realise that it’ll be worse for them, they might find themselves hoping the liberals shoot it down or force indexation in. Not a position many of them would have expected to find themselves in after all the anti-boomer rhetoric.

it reminds me a bit of the attack on franking credit refunds which was being pitched as an attack on the big end of town. 3 days later they had to backflip and announce tgat pensioners would still be able to get them. They clearly didn’t understand their own policy and who it would impact.

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And a married couple with $2M each in super will pay $300 K tax if one of them dies and leaves the super to the surviving spouse,

30% of $(2+2)-3M=$300K

Pretty hefty death tax on a couple.
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