Capital Gains
Last week we saw two new Labor tax ideas floated in the media. First, a “slug the rich tax” – if you earn $150 thousand a year, the Rudd lot consider you are rich so they think a surcharge of 3% on those earning $150 thousand would raise some billions of dollars.
Secondly, a “lets slug everyone tax” with a capital gains tax on the family home. The family home is sacrosanct but not to Labor.
They first wanted to tax it as far back as 1980 when in opposition. In fact we did not have a capital gains tax till Paul Keating imposed it in 1986 (retrospective to September 1985).
Continue reading "The family home is sacrosanct, but not to Labor" »
Facebook Recommendations
Read all about it
Punch live
Up to the minute Twitter chatter
It's a Sydney thing, but 95.3FM... Why? It used to be all Bohemian Rhapsody and Walk this Way; now it's Father to Son and Country Road. Wah.
Recent posts
The latest and greatest
We don’t deserve this huge, exciting scientific project
I’d like to be able to say that sharing the world’s largest radio telescope with South Africa…
Mining money talks the loudest in Australian politics
When North Queensland Liberal MP George Christensen got the idea of launching a new political organisation…
Please enter your password
Help! I’ve succumbed to a crippling modern illness that can strike at any moment. Symptoms include:…
Nosebleed Section
choice ringside rantings
From: They must pay for one’s bitter disappointments
Michael S says:
"A teacher at Geelong Grammar had criticised her for using words that were too long, which had left her confused and had made her doubt her ability to write essays. She became ''quite distressed'' when her English marks began to fall." I can sympathise. My scholastic mentors conveyed to me a causal relationship… [read more]From: Welfare for breeders is a bonus for everyone
Change Up! says:
I have no problem paying my taxes. As a single, childless person on a very decent income, I can afford it and not have my life severely altered. Plus I understand that my taxes paying for things like schools, childcare and infrastructure is ultimately a good thing. A better community is better for me… [read more]Gentle jabs to the ribs
They must pay for one’s bitter disappointments
A private school girl’s family is sueing her elite, extremely expensive private school for not… Read more
Latest 2 of 13 comments
View all commentsAdd your comment