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. - Upgoat

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 5 hoursMay 20, 2025 12:36:42 ago (+24/-0) (quoththeraven.substack.com)
https://quoththeraven.substack.com/p/australias-unrealized-gain-tax-plan

https://www.zerohedge.com/news/2025-05-19/australias-unrealized-gains-tax-will-be-lesson-economic-suicide

Sounds like Aussie investors will be getting the rope.

13 comments block

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[ - ] UncleDoug 4 points 3 hoursMay 20, 2025 15:23:59 ago (+4/-0)

Taxed on the promise of returns.

Labor is a communist party.

[ + ] RevengeOfNeri

[ - ] RevengeOfNeri 1 point 1 hourMay 20, 2025 17:08:08 ago (+1/-0)

Labor & Libs both stand to the left of Stalin

[ - ] PostWallHelena 4 points 3 hoursMay 20, 2025 15:00:07 ago (+4/-0)

Wow., this is a new low.

[ + ] FuckShitJesus

[ - ] FuckShitJesus 1 point 2 hoursMay 20, 2025 15:57:08 ago (+1/-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 2 points 2 hoursMay 20, 2025 16:16:58 ago (+2/-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

[ - ] xmasskull 0 points 1 hourMay 20, 2025 16:37:18 ago (+0/-0)

In Austrailer,yes.

[ - ] Prairie 2 points 3 hoursMay 20, 2025 15:21:31 ago (+2/-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.

[ - ] PoundOfFlesh 1 point 25 minutesMay 20, 2025 18:03:10 ago (+1/-0)

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

Otherwise they're going to take all your dollarydoos.

[ - ] carnold03 0 points 43 minutesMay 20, 2025 17:45:01 ago (+0/-0)

This is usury.

[ - ] RobertJHarsh 0 points 1 hourMay 20, 2025 16:52:10 ago (+0/-0)

People heading to China to protect what little they have?

[ - ] NoRefunds 0 points 2 hoursMay 20, 2025 16:28:42 ago (+1/-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

[ - ] Belrial 0 points 35 minutesMay 20, 2025 17:53:42 ago (+0/-0)

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

[ + ] NoRefunds

[ - ] NoRefunds 0 points 3 minutesMay 20, 2025 18:24:54 ago (+0/-0)

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

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

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