u/Smooth-Television-48

▲ 0 r/AusHENRY+1 crossposts

The new CGT floor should apply to gambling wins. Change my mind.

A lot of discussions have been going back and forth about why the changes to CGT are such a good thing and a key argument I keep hearing in favour of it is that capital gains (on stocks) aren't earned income so there's every reason to take it at the minimum 30% from the first dollar.

Well I can see the point people are making and think that we should push the government to extend that tax to all "unearned" income, starting with gambling.

You didn't do anything to earn it, you should give 30% to the government. Lotto, pokies, sports bets, casino, etc.

Update A lot of grumbling but all the arguments boil down to:

  1. "I don't like it because that would personally affect me!"
  2. "I don't understand the difference between capital gains/losses and negative gearing"
  3. "The gambling companies already pay tax so I shouldn't have to"
reddit.com
u/Smooth-Television-48 — 3 days ago