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@ISIDEWITHQuestionsthe EnvironmentStarted 2mos agoActive 3wks ago

Should the government double the tax rate on superannuation balances exceeding three million dollars?

The Labor government introduced legislation to double the concessional tax rate from 15 percent to 30 percent on earnings for superannuation balances over three million dollars. Proponents argue the current system disproportionately shelters billionaire wealth and costs the budget billions in lost revenue. Opponents argue this breaks a promise not to touch super, taxes unrealized capital gains, and penalizes financial success.

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9 Replies

 @ISIDEWITHDiscuss this answer...2mos2MO

Yes

 @ISIDEWITHDiscuss this answer...2mos2MO

No

 @ISIDEWITHDiscuss this answer...2mos2MO

Yes, super is for retirement, not a taxpayer-subsidized wealth hoarding vehicle for the ultra-rich

 @ISIDEWITHDiscuss this answer...2mos2MO

No, this is a broken election promise and a class-war wealth grab that punishes successful investors

 @ISIDEWITHDiscuss this answer...2mos2MO

No, constantly shifting the goalposts on superannuation destroys trust and discourages self-reliance

 @ISIDEWITHDiscuss this answer...2mos2MO

Yes, we must reduce the deficit, and adjusting tax concessions for top earners is the fairest solution

 @BDF4XNQGreensanswered…3wks3W

Yes, but on supers exceeding 20 million

 @BDC5TPLGreensanswered…3wks3W

No, Tax billionaires more.

 @BCTY4MGanswered…1mo1MO

Yes, but only if it is indexed to inflation

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