How to make superannuation fairer
Grattan Institute
00:00
The Government's Proposal to Tax Earnings on Balances Above 3 Million at 30%
The government is proposing to tax earnings on balances above 3 million at 30%. Only about one in 200 people have more than $2 million in super. There's a very, very strong case to stem the earnings tax breaks flowing to those accounts,. lest those earnings tax breaks just end up subsidising inheritances to the next generation. This proposal by the government is a great start but we think that the $3 million threshold is too high.
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