alt Hacker NewsTax changes that have been overdue for twenty-odd years to address house prices and attempt to level the playing field between labour and capital.
Pity they didn't also change the gas tax.
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shell0x • yesterday at 10:42 PM
The tax is already bad here, even without it. I paid $89,000 taxes just for the last financial year because stock gains are added up on top of the income and my partner doesn’t work and there’s no family support allowance here.
I can apply Australian citizenship next year but I will leave ASAP after becoming a citizen for Singapore, Dubai or Hong Kong where the tax is < 20%
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House tax changes... strong yes
Share tax changes... ugh
My hope was cashed up bogans would start betting on shares instead of housing/crypto. At least it could be funnelled into something productive