https://shosho.live/marykateultra 🫡

What is this magic?

Keeping these for posterity

Tell us what you really think Chris 👏👏

Yes, directly affected

Australia. The new budget just dropped and it has "The Great Taking" written all over it.

The working: Current rules: $100k capital gain 50% CGT discount = $50k taxable income FY26 tax: $0 to $18.2k = $0 $18.2k to $45k @ 16% = $4,288 $45k to $50k @ 30% = $1,500 Total: $5,788 tax. New policy: $100k gain × 30% = $30,000 tax.

Is there any other state that is looking for some quality entrepreneurs? Australia doesn't want theirs anymore.

It's much worse than that. Example: realise $100k of capital gains with no other income as you sell assets to bootstrap a new business. Current FY26 rules: ~$5.8k tax. New 30% minimum CGT: $30k tax. That is a 5x tax increase.

Minimum 30% CGT on everything -- up from maximum 21.5% -- is an incredible "fuck you" to entrepreneurs who create assets for a living.

Great idea. It's an obvious gap now you mention it. How about a search at the top of the browse page? You are looking for people's recordings, replays, clips etc, yes?

The Great Taking arrives in Australia. FIRE people rugged. Reddit investors surprised to learn that they voted for this. https://www.reddit.com/r/AusFinance/comments/1tay11m/minimum_30_capital_gains_tax/

Why we Nostr