Capital gains tax discount ‘overwhelmingly’ benefits investors in Australia’s richest electorates, analysis shows | Tax
https://www.theguardian.com/australia-news/2026/mar/12/capital-gains-tax-discount-overwhelmingly-benefits-investors-in-australias-richest-electorates-analysis-shows
13 Comments
Water is wet, the sky is blue, the rich help each other get richer off the backs of everyone else.
Colour me surprised
In other news, water is wet
Grandfather the hell out of it
Does the pope shit in the woods
Doesn’t the CGT discount just simplify the adjustment for inflation? Surely it’s a better substitute than adjusting asset cost bases for inflation. Otherwise people could get taxed on a loss
Wasn’t that the point? To have an incentive for rich people to invest in this country?
r/noshitsherlock
Flip this around: most tax paid by richest electorates, government wants more.
Capital gains tax ‘overwhelmingly’ paid by investors in Australia’s richest electorates
Nooo!
What next, you’re going to tell me the sky is blue?!
AKA. The poor are too busy paying for survival than invest into anything that may attract CGT.
That’s what it’s designed to do