Episode Details

The federal governments new budget introduces significant changes to capital gains tax, eliminating the fifty percent discount and replacing it with an indexation system and a minimum thirty percent tax on gains. While some welcome the move as fairer for younger generations, others, like Angus Taylor, criticize it as an assault on aspiration, potentially hurting younger investors and startups. However, the government plans to consult on these changes and may include exceptions for the startup sector. The average tax rate on capital gains is expected to rise slightly, but other budget measures support small businesses, suggesting the impact on wealth-building opportunities for young Australians remains largely intact.

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