Episode Details

Australias new budget introduces a $250 tax break for workers, funded by changes to negative gearing, capital gains tax, and family trusts. This shift rewards work over assets, boosts new housing, and levels the playing field for workers and first home buyers, while potentially impacting wealthy landlords and high-income families using trusts. Businesses can now carry back losses for refunds, with more tax cuts hinted at. Surpluses wont return until 2035.

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