Tax Inequality

[willedoo]

I was just reading this article about inter and intra generational tax inequality. In the article the ANU Tax and Transfer Policy Institute director is calling for the primary residence family home to be taxed and included in asset testing to qualify for a pension. Note that he keeps referring to means testing, but I think he means asset testing.

I don't think his idea would be too popular with pensioners. Under the current system the family home is exempt along with two hectares of land. For example, if you have a house on four hectares, two hectares of it is taken into account as assets. Under this bloke's plan, every pensioner living on a suburban block in town would be shafted. I can't see how any government would survive politically if they introduced a system like that. A lot of retirees are not rich and own their house and not much else and are cash poor.

https://www.afr.com/politics/federal/4m-pensioners-how-australia-s-tax-system-subsidises-wealth-over-work-20260227-p5o666

[facthunter]

Houses that you Live in are Paid for with After tax Money and no deductions for anything, That Would be daylight  robbery  Inflation should be allowed for in ANY capital Gain.. Nev