This is leave country stuff.
Discussion
Is that only for superannuation or for everything? 💀
Only super at this stage...
You may read this is only going to impact those who have a super balance over $3 million...which is apparently only 4.5% of us. However I am still concerned...
This means unrealised capital gains are taxable. Well that opens up all sorts of avenues for the pricks.
There is nothing to say at this stage that the $3 million cap will allow for inflation...it sounds like a lot in 2025...
Where does one go when they’re all on the same path
I don’t know 🫠
We start our own country
Drain water out of Oceania and have one of the biggest the continents
Stack non-kyc
Oi, I guess they didn't learn from what happened in Norway. Pretty sure all of the big money immediately left the country and they collected less "revenue" as a result
Ah yep I remember reading that also
To me this is the goal everywhere, I am not sure we will be able to hide from it. They can never have enough, and this is waaaay beyond what I would agree to. When they are so intent on robbing us, privacy coins make a lot of sense, and their opposition to them makes even more sense.
EU "mobilising" the private savings. ✅
Acquiring KYC-free bitcoin is the way to hide from it.
This has become increasingly difficult. I estimate most newly acquired bitcoin is from centralised exchanges. The NGU aspect has taken center stage.
Last time I acquired sats KYC free I was mining ETH and getting paid in BTC.
Manage your assets on the basis that this will become more common in other parts of the world.
Taxes on earnings, not on unrealised gains or losses. That doesn't make sense.
Can't tax a hypothetical gain. However on exit, sure profit is investment incomes.
I already pay 25% which is a company tax rate, but I am an individual.
