Replying to Avatar Nadia

So it’s confirmed Australia is moving forward to tax unrealised gains in superannuation accounts exceeding $3 million effective from 1 July 2025.  

I think that brings the tax rate to 30% on earnings for total super balances above $3 million. Ouch for those people who will be forced to sell assets…illiquid assets 😳

One of the biggest misconceptions is that these kinds of taxes are “only for the ultra-wealthy” and not worth worrying about…
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Martin Mladenov 7mo ago

Paying capital gains tax on assets is absurd to me, and if the gain is unrealized it's even worse. To me it means that the state is in a very bad situation and is looking for all sorts of ways to rob its people.

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