Tax breaks for superannuation, housing, trusts, stocks and private health insurance are costing the federal government budget billions of dollars a year, according to a list compiled by Treasury.
Superannuation tax breaks cost the budget more than $45 billion a year, for concessional earnings , contributions and capital gains .shows increasing the concessional superannuation contribution rate from 15 per cent to 32 per cent for people earning more than $180,000 a year would raise $35.4 billion in the eight years from 2024-25 onwards.
Labor dumped its 2019 election crackdown on negative gearing for investments, capital gains discount, franking credit refunds and trusts. “Albanese and Chalmers have the capacity to sell this and take the stakeholders with them. They have the numbers in the Senate and should just do it.”
LNP from Howard time had been pampering the wealthy with neg gearing n endless tax cuts A selfish society It is time to attack aged based special tax rorts
Too many tax torts. Too much greed.
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