Labor s new super tax isn t about the rich it s about control

Labors new super tax isnt about the rich its about control. From 2025, any super balance over 3 million will be hit with an extra 15 tax. But heres what theyre not telling you: That 3M cap isnt indexed to inflation so as prices rise, more Aussies (tradies, farmers, small biz owners) will get caught. Theyre taxing unrealised gains meaning if your super grows on paper, even if you havent sold a thing, you still owe tax. Got your super tied up in property or shares (like most Aussies) You might have to sell assets just to pay the bill on money you havent even received. Meanwhile Albanese, Wong Bowen Theyre sitting on defined benefit pensions and can delay paying tax until retirement. You pay now. They pay later if ever. This isnt a rich person tax. Its a Trojan horse designed to crush the backbone of this country. X Link RealLandDownUnder Source: Land Down Under t. me, RealLandDownUnder