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Everyone has an opinion, and some people feel compelled to speak out. Share your views, opinions and insights with financial advisers accross Australia today. If you'd like to write a blog or to submit a letter to the editor please contact the editorial team on [email protected] or call 02 9922 3300.

Latest Comments

+40% of all income and superannuation tax is paid by the top 10% of tax payers. Such is the equal taxation realisation and support for government services by top income earners. We need them!

The statement taxes have to be raised shows no economic growth plan to support our kids and grandkids. Proposed taxing of unrealised gains will have significant impact on farmers, our food supply, also when the housing expands across cities eating into limited good farming land. Labor statement that these only effects 80,000 is so so wrong and flippant. It introduces capital gains tax at the personal tax return that adds to personal tax rates and bracket creep then increasing at marginal tax rates on all other income. It also introduces double taxation on superannuation accounts that receive in the first instance dividends as a part of earnings in franking credits. Then that earnings are added to capital gains taxed amount - which is then also taxed, being double taxation. On top of Labors commitment not to tax superannuation in the previous election. If anyone voted for Labor and the Greens my question is "did they even think" about their kids and grandkids. Labor state and federal Government record debt - whilst employees save for retirement - so now they want to tax/steal/limit the legal family savings.  

In Labor Victoria - the interest on state debt is aggregating at the rate of $1 million an hour. There is no plan to pay this. In Labor Victoria the new Labor Emergency Services Levy was said to be all (every dollar) to be sent on local support for emergency services with the largest portion of the tax on farmers. Now in the Labor budget $12 million to be collected will be on administration of the new Labor tax. 

Labor - state and Federal - have no economic idea. 

Heaven help our kids and grandkids - if anyone cares!

FSC projects 500k Australians to be hit with super tax without indexation

3 days ago.
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