VacuousNess (@vacuousness.bsky.social)

Capital gains tax discount to cost Australia $250bn over next decade with retirees and high-income earners to benefit most Parliamentary Budget Office figures show top 1% of taxpayers will receive nearly 60% of the benefit this financial year Australia’s capital gains tax discount will cost nearly $250bn over the next decade, more than twice as much as the concession has cost in its entire 25-year history. Continue reading... https://www.theguardian.com/australia-news/2026/feb/05/capital-gains-tax-discount-to-cost-australia-250bn-over-next-decade-with-retirees-and-high-income-earners-to-benefit-most?CMP=aus_bsky