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27

Australia is now sprinting headfirst toward a future where you get billed for wealth that isn’t liquid, isn’t realized, and, if the market tanks tomorrow, might never even exist.

submitted by Sector2 to Australia 7 hoursMay 20, 2025 12:36:42 ago (+27/-0)     (quoththeraven.substack.com)

https://quoththeraven.substack.com/p/australias-unrealized-gain-tax-plan



17 comments block

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[ - ] UncleDoug 7 points 4 hoursMay 20, 2025 15:23:59 ago (+7/-0)

Taxed on the promise of returns.

Labor is a communist party.

[ - ] RevengeOfNeri 2 points 3 hoursMay 20, 2025 17:08:08 ago (+2/-0)

Labor & Libs both stand to the left of Stalin

[ - ] PostWallHelena 6 points 5 hoursMay 20, 2025 15:00:07 ago (+6/-0)

Wow., this is a new low.

[ - ] FuckShitJesus 2 points 4 hoursMay 20, 2025 15:57:08 ago (+2/-0)

Australia is a British prison colony full of a bunch of retards, governed by a corrupt Kleptocratic class.

News at a 11.

Here is the list of everyone exempt from this:

- Solicitor general of a State
- Judge justice or magistrate of a State
- Governor of a State
- Minister of the Government of a State
- Member of staff of Governor of a State
- Head of a Department of Parliament of a State
- Clerk of a house of Parliament of a State
- Head of a department of public service of a State
- Police Commissioner deputy Commissioner or assistant Commissioner of a State

I am Jack's complete lack of surprise.

[ - ] WanderingToast 3 points 4 hoursMay 20, 2025 16:16:58 ago (+3/-0)

So what happens when 2 buddies sell each other their homes for $10..

Does that then count as a loss on the yearly tax bill?

[ - ] xmasskull 1 point 3 hoursMay 20, 2025 16:37:18 ago (+1/-0)

In Austrailer,yes.

[ - ] Prairie 3 points 5 hoursMay 20, 2025 15:21:31 ago (+3/-0)

Surely they'll give tax refunds when you lose money... right? RIGHT???

So basically, they take none of the risk of investment but reap the rewards.

[ - ] localsal 2 points 1 hourMay 20, 2025 19:01:19 ago (+2/-0)

It's not a zero sum game though, and the (((government))) will always win. Claiming back losses doesn't give the same value as not claiming the gains.

[ - ] PoundOfFlesh 2 points 2 hoursMay 20, 2025 18:03:10 ago (+2/-0)

Time for @UncleDoug to round up some buddies and start a revolution?

Otherwise they're going to take all your dollarydoos.

[ - ] Prairie 1 point 29 minutesMay 20, 2025 19:52:19 ago (+1/-0)

If only where were some asset that you could accumulate that isn't tracked. Something small and dense...

[ - ] localsal 1 point 1 hourMay 20, 2025 19:00:25 ago (+1/-0)

Is the next step to tax potential job earnings, like divorce courts do?

Tax assessor: It says here your job pays you $50k.

Aussie: Yes.

Tax assessor: (scribbles a bit) The government believes you can make $220k with your education and experience. Here's your new tax bill.

Aussie: \O

[ - ] carnold03 1 point 2 hoursMay 20, 2025 17:45:01 ago (+1/-0)

This is usury.

[ - ] RobertJHarsh 1 point 3 hoursMay 20, 2025 16:52:10 ago (+1/-0)

People heading to China to protect what little they have?

[ - ] NoRefunds 1 point 3 hoursMay 20, 2025 16:28:42 ago (+2/-1)

This is how ultra wealthy operate though. They buy stocks and take loans against that stock and never pay taxes. The stock market also is a scam, and always has been. I don't see the problem with this shit, tbh

[ - ] Belrial 1 point 2 hoursMay 20, 2025 17:53:42 ago (+1/-0)

Cute commie talking point. Have any sources or just your Che Guevara fan club meetings?

[ - ] NoRefunds 0 points 1 hourMay 20, 2025 18:24:54 ago (+0/-0)

SOURCE!?!? +!???!??!

if you don't know, you're a dumbass nigger

[ - ] fnbs 0 points 2 minutesMay 20, 2025 20:19:11 ago (+0/-0)

I thought the biden administration was talking about doing this a couple years ago but nothing came of it