The super tax debate is divorced from reality – and more proof that Australia’s tax system is built for the rich | Greg Jericho
www.theguardian.com
The proposal will affect only 0.5% of people with superannuation and yet you would think the government is about to seize the means of production

This is a very good article

    • Hanrahan@slrpnk.netEnglish
      1·
      7 months ago

      Why ? People are doing it to avoid tax, dumping huge numbers of industrialial properties, houses or farms into their SMSF. Once again to AVOID tax, so fuck 'em. All of that penalises young people who then have a higher tax burden now.

      Once agin this is a extra tax on amounts OVER $3 Million. Currently something like $500k-$1Mil is about the amount recommended for people to have a comfortable retirement.

      https://www.abc.net.au/news/2025-05-29/leading-tax-expert-superannuation-first-step-to-broader-reform/105347654

      They want to pass that on to people in the next generation and they’re not going to pay any tax on it because the value is never realised, the gain is never realised."

      I supoort the Greens $2Million limit and indexed