ANALYSIS: Pensioners and home owners pay capital gains tax in real time. The richest Australians should too
, Treasurer Jim Chalmers might have stumbled upon a really good idea.
Most of us get taxed at standard rates on the only income we have: income from working, and interest on savings in bank accounts. of making a profit you could be taxed, but you could avoid that by saying profit wasn't your purpose.Income from the profits made from buying and selling shares and properties was taxed as income — but with two important exceptions.Rewriting one exception to the rules
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