The Wise Accountant
Region: AU
Tuesday 26 May 2026 07:32:58 GMT
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DAnNuked :
I already paid income tax of 47% on my wages I used to invest and make a capital gain on 🤦🏼♂️
2026-05-26 08:19:01
58
Mark :
How does it affect everyone? 83% of the benefits of the CGT discount go to the top 10%
2026-05-26 13:20:26
17
vegtard :
Albanese has reduced income tax rates multiple times already.
2026-05-26 11:31:18
13
user2724976572529 :
We all know it’s just another money grab
2026-05-26 08:55:33
43
rocky.hampson :
How will government fund this reduction you are suggesting if they don’t increase the tax elsewhere, maybe remove the cgt discount, now that’s a good idea
2026-05-26 07:53:56
4
Jimmy Hartvigsen :
yeah this only affects people who have multiple houses
2026-05-26 09:53:08
2
David :
The issue with CGT is that the capital gain is 'earned' over multiple years, but taxed in the year it is realised. The govt then adds it to your other income, which means it is likely to be taxed at a higher marginal rate. The 50% discount compensated this to an extent. Now that buffer is gone.
2026-05-26 10:57:58
6
HelenaG :
I love the way you explain . please do not stay silent
2026-05-26 07:42:58
14
Rajitha De Silva :
One Benefit of removing the 50% CGT discount is that it will create a more level playing field. At the moment, you have a situation where people earning income from a wage or salary pays generally more tax than people earning income through capital, so there is an unfair state between the taxing on Capital and the taxing of Income, so removing the 50% Discount will level the playing field somewhat. If you take the eg of a wage earner earning an extra $100K, these guys will be taxed on the entire $100k at the full marginal tax rate, they will receive absolutely no concessional tax treatment on this $100K income stream. The Increased income on Capital however whilst being taxed on their full marginal tax rate and receiving no concessional tax treatment will nonetheless pay tax on $50K, not $100k, hence the justification for removing the 50% CGT Discount.
2026-05-27 03:31:45
2
Tren C :
define rich. because "everybody" includes people at or below the poverty line. theyre never gonna see cgt. people who own more than 1 house are rich. tax them more.
2026-05-27 06:55:48
0
🧚🏼 :
Doesn’t it affect people with no investments???
2026-06-13 20:27:38
0
De :
It’s a disgrace
2026-05-26 08:42:28
6
Peter Dmitriev :
65% of cgt discount benefits go to the top 1% so yes it will
2026-05-26 18:19:07
4
Goldynt :
I'm an average person and I have things that will trigger CGT. the loss of the discount will cost me thousands.
2026-06-28 04:30:06
1
it's something else :
as a low level trader it effects me, my 10k gain is now just 7k after tax. thanks, was just trying to compliment my super...
2026-05-26 23:15:08
1
damak_ko_keto :
What a load of crap. why should someone pay more tax if they make money from wages compared to making money from investing?
2026-05-28 09:12:17
1
Jimmy Hartvigsen :
capital gains tax only applies when you sell a house?
2026-05-26 09:53:57
1
Artagel64 :
How about instead of capital gains we use comparable terms, so earned and unearned income. Saying you deserve a oversized discount on unearned income doesn't sound quite so reasonable now
2026-05-26 23:24:54
2
Grugster3000 :
they'll go to the next election with tax cuts now. First need to work out how much revenue they'll get off rich people CGT. Master play by Labor
2026-05-28 08:20:42
1
Anna :
Reducing income tax will increase investment. The whole purpose is to reduce investment so people can LIVE in a home. Reducing capital gains tax will reduce investment, making it more affordable for people to afford a home.
2026-05-26 11:57:28
3
WAG Landscape and maintenance :
Can you explain what happens to shares next years.
2026-05-26 11:52:36
0
inkdoz :
we need a massive correction in that market..the biggest impact on small business is labour cost/s and rental costs ...we need to work on productivity and not subsidising the real estate market
2026-05-26 15:15:42
2
Rumioh :
It’s a discount . Not a given . So it can be withdrawn
2026-05-26 10:34:31
3
BlinkyBill :
Capital gains are one off. It is crystallising many years (often decades) of work or investing into one point. To tax decades of investing in one year is obscene. The person might earn zero for the rest of their life living off the proceeds but had to pay tax as if it was all earned at once.
2026-05-26 11:42:10
2
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