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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 12 hoursMay 20, 2025 12:36:42 ago (+30/-0)     (quoththeraven.substack.com)

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



23 comments block

sort by: hot new top old low

[ - ] UncleDoug 7 points 9 hoursMay 20, 2025 15:23:59 ago (+7/-0)

Taxed on the promise of returns.

Labor is a communist party.

[ - ] RevengeOfNeri 3 points 7 hoursMay 20, 2025 17:08:08 ago (+3/-0)

Labor & Libs both stand to the left of Stalin

[ - ] PostWallHelena 6 points 9 hoursMay 20, 2025 15:00:07 ago (+6/-0)

Wow., this is a new low.

[ - ] FuckShitJesus 1 point 9 hoursMay 20, 2025 15:57:08 ago (+2/-1)

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.

[ - ] registered_bot 0 points 1 hourMay 20, 2025 23:56:28 ago (+0/-0)

So basically everyone gets taxed on gains that don't exist at the moment of taxation, except the overlords. That sounds completely normal and rational. /s

[ - ] FuckShitJesus 1 point 54 minutesMay 21, 2025 00:04:58 ago (+1/-0)

Everyone gets a prize: Government edition.

[ - ] Prairie 4 points 9 hoursMay 20, 2025 15:21:31 ago (+4/-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 3 points 5 hoursMay 20, 2025 19:01:19 ago (+3/-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 4 points 6 hoursMay 20, 2025 18:03:10 ago (+4/-0)

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

Otherwise they're going to take all your dollarydoos.

[ - ] CoronaHoax 0 points 3 hoursMay 20, 2025 21:27:27 ago (+0/-0)

No revolution needed. Simple organized tax strike would end it tomorrow. Great chance at no blood shed too.

[ - ] UncleDoug 0 points 1 hourMay 20, 2025 23:56:40 ago (+0/-0)

I’ll pull trigger if enough like minded people join me.

[ - ] WanderingToast 3 points 8 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 2 points 8 hoursMay 20, 2025 16:37:18 ago (+2/-0)

In Austrailer,yes.

[ - ] NoRefunds 2 points 8 hoursMay 20, 2025 16:28:42 ago (+3/-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 7 hoursMay 20, 2025 17:53:42 ago (+2/-1)

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

[ - ] NoRefunds 2 points 6 hoursMay 20, 2025 18:24:54 ago (+2/-0)

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

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

[ - ] carnold03 2 points 7 hoursMay 20, 2025 17:45:01 ago (+2/-0)

This is usury.

[ - ] localsal 2 points 5 hoursMay 20, 2025 19:00:25 ago (+2/-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

[ - ] RobertJHarsh 1 point 8 hoursMay 20, 2025 16:52:10 ago (+1/-0)

People heading to China to protect what little they have?

[ - ] Prairie 1 point 5 hoursMay 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...

[ - ] Doglegwarrior 1 point 1 hourMay 20, 2025 23:26:01 ago (+1/-0)

Ohhh you mean like the fucking faggot gangster governments have been doing here for decades??? House has property taxes it's an unrealized gains tax that if you don't sell you just get fucked over and over and when you do sell you get capitol gains tax on something you could have theoretically paid hundreds of thousands on taxes already not to mention paying 3 times the cost of the house in interest payments.

This shit has to stop ohhh and if some weird shit happens and your house losses all its value Orwell we made up a fantasy number of the value of the property fucked you for years then if niĝgers move in and it loses all value to bad

[ - ] fnbs 0 points 4 hoursMay 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

[ - ] CoronaHoax 0 points 3 hoursMay 20, 2025 21:26:30 ago (+0/-0)

Too many norms figuring how to use the system properly by not holding assets in currently taxable mediums. The system has no choice but to "fix" this, and they're all nepotistic meritless retards so of course they're going to come up with the most "retarded" system and it just going to get crammed down your throat. And the world will just put up with it as it's new norm.


Until maybe we get a modern age breaking point? We'll see if that ever happens.