Cool, then the $30k Atto will cost $60k!
Not only that, but pretty much everything bad that homelander ever did was actually Noir. Homelander thought he was going crazy because he didn’t remember all the atrocities he supposedly did, because he didn’t actually do them.
Again, incorrect. Under the new laws you have to get valuations of your investments as of the first of July 2027, and that value is then used going forward to determine how much tax will be applied under the new laws when/if the capital gains are realised.
It’s the same as what you have to do when you change a house from a primary place of residence to an investment property. If you bought it for $300k and lived in it for 10 years and then rented it out, you only pay capital gains on the amount over what it was worth after 10 years of ownership. So if it was worth $600k after 10 years, and you then rented it for 3 years and sell it for $800k, you only pay capital gains tax on $200k ($800k-$600k).
On your very first sentence - there are gains, they’re just unrealised. The government wants to tax those too, and in fact were going to try push that tax through as well, but realised that would be the single worst decision any government could make.
Unfair to change the rules after people have started playing? Absolutely - but that’s what Labor have done, because they’re crooks.
https://www.financedirectory.net.au/blog/property-valuations-for-july-2027-cgt
Did all you downvoters really not know this?
Episode 3.
Not correct. Any gains made before the changes will be subject to the old rules, but any gains after that will be subject to the new rules.
Basically everyone will have to keep track of what all of their investments were valued at the day the new laws take effect, so when they sell they can claim the 50% discount on that profit, and then calculate the new higher tax amount to pay on the gains after that date.
These new laws are also going to make tax time absolute hell for anyone with more than a few crypto coins and shares.
Jimmy Kimmel doesn’t understand that late night hosts like him are the poison. Their entire shows are just democrats propaganda, and people have had enough of it.
Important lore work? Destroying the entire lore of Star wars is important?
I’m not even a big Star Wars fan and I know that the acolyte was complete just “modern audience” horseshit.
It’s definitely not better for anyone other than the government. Everyone that invests money will be worse off.
The government just made it harder for you to get rich from good investments. Not sure why anyone would think that’s a good thing?
The old rules were if you held an investment for over 12 months, when you sold it you only had to pay tax on 50% of the gains. So if you bought $1k of shares and they went up in value after 12 months to $2k, you would only have to pay tax on $500.
Now, you will have to pay a minimum of 30% tax on the whole $1000 gain. That means you have to pay a minimum of $300 in tax on that $1000 gain, whereas before you might have had to pay 30% of $500, which is $150, so you’re basically 50% worse off now.
This affects everyone, not just the rich. It makes investing in anything in Australia much riskier and less enticing. Taking a lot of risk only for the government to potentially take half of your reward is disgusting. They don’t refund you 50% if your investment goes to $0.
Tl;dr - the issue is that the government is now going to steal even more of your hard earned money, so it will be even harder for anyone to get ahead.
denying reality doesn’t change reality
It’s funny because you hit on the point of the actual comedians accidentally, while thinking it’s about something completely different.
Her saying she’s indigenous doesn’t make her indigenous. Her performing the stereotypes of indigenous people doesn’t make her indigenous. That’s her point. It’s about identity politics and self identifying as something you clearly aren’t. She did it so well it seems that it went over the head of almost every single person in this thread 🤣
Extremely misleading, intentionally so. Pretty much every single one of them has been working with the government long before trump took office.
The companies that they name are Lockheed Martin, Booz Allen Hamilton, Palantir, Microsoft, Amazon, HP, and Caterpillar, T-Mobile, Google, NextEra Energy, and Comcast.