>”Not all businesses are going to be taxed at 47 per cent, that’s correct, but it said up to 47 per cent,” he said.
It literally says “Every Australian Founder just got new co founder with 47% equity”. Even you know that’s not true.
MadMaz27 on
*”For business owners earning in the top tax bracket, that does mean they could be taxed up to 47 per cent on capital gains from the sale of their business, after indexation.”*
Well, is it, or isn’t it?
Terribly misleading headline. If you sell a business, it is almost 100% likely you would end up in the top tax bracket the year you sold it.
Their expert is a moron.
RedKelly_ on
47% is a bargain.
Good luck starting a business with no roads, no healthy or educated people to hire, no regulations or laws stopping competitors from doing dodgy things, no rules around private property or security and so on.
KHVZ on
All hail our glorious absolute monarch Albo who personally gets all the tax in this country directly into his bank account.
Do people not know that taxes go to the government which uses it to make society function and allow for business to exist? If anything the government should be taxing most people more.
The services that the country provides to business that allow them to exist need to be paid for. Good luck running a profitable business in a country with no public roads to get goods delivered or shipped, no hospitals for your sick employees to go too to not die, no educated people to work for you or buy things you are selling, no police to protect yourself and your property, no environmental laws which are enforced to ensure your water is drinkable and the air breathable, no safety regulations to ensure the building you purchase or are renting out will not collapse upon you and so many more things.
5 Comments
>”Not all businesses are going to be taxed at 47 per cent, that’s correct, but it said up to 47 per cent,” he said.
It literally says “Every Australian Founder just got new co founder with 47% equity”. Even you know that’s not true.
*”For business owners earning in the top tax bracket, that does mean they could be taxed up to 47 per cent on capital gains from the sale of their business, after indexation.”*
Well, is it, or isn’t it?
Terribly misleading headline. If you sell a business, it is almost 100% likely you would end up in the top tax bracket the year you sold it.
Their expert is a moron.
47% is a bargain.
Good luck starting a business with no roads, no healthy or educated people to hire, no regulations or laws stopping competitors from doing dodgy things, no rules around private property or security and so on.
All hail our glorious absolute monarch Albo who personally gets all the tax in this country directly into his bank account.
Do people not know that taxes go to the government which uses it to make society function and allow for business to exist? If anything the government should be taxing most people more.
The services that the country provides to business that allow them to exist need to be paid for. Good luck running a profitable business in a country with no public roads to get goods delivered or shipped, no hospitals for your sick employees to go too to not die, no educated people to work for you or buy things you are selling, no police to protect yourself and your property, no environmental laws which are enforced to ensure your water is drinkable and the air breathable, no safety regulations to ensure the building you purchase or are renting out will not collapse upon you and so many more things.
Man who made $180 million opposed to paying tax