another misleading line by the govt is the number of people that will be affected. They say 80,000. Today Mr Chalmers said he did not plan to index the $3 million. That means more and more people will be affected as peoples balances grow and as small business owners sell and retire , or farmers . There will be so many unintended consequences. It is almost certain that they will also be looking at negative gearing and capital gains tax discounts and anywhere else they can tax .
