Vince Scully
π€ SpeakerAppearances Over Time
Podcast Appearances
Well, that would say that you would pay tax on the 3% gain.
That's the bit above inflation.
And that's awfully close to 50%.
So I don't think this is a particularly radical shift.
Obviously, it changes the dynamic.
It means you've got to do a bit more calculations.
But technology is much better.
What a pain in the anus.
But the technology is so much easier than it was in 2000.
All your crypto actually goes up.
That's the big change.
So the change from a 50% discount to inflation is not a huge change.
I wouldn't get too excited about it.
Sure, if you get a big gain in a single year, that will cost a bit more.
But overall, over the long term, it's marginal.
The big change, or one of the two big changes, one of the big changes is that there's now a minimum of 30% tax.
So when you apply your
did your indexation to work out your gain, you add it to your income.
If you don't pay a minimum of 30% tax on that, you'll have to pay 30%.
So putting that in context, if your other income was 18,200 and you made a $27,000 gain,