Investopoly Ep 369: Strap yourself in for some tax reform – here are some suggestions
In this forward-looking episode, Stuart unpacks a range of bold ideas for tax reform in Australia, urging policymakers to think beyond the status quo. With both federal and state budgets under pressure, and income taxes increasingly unsustainable, Stuart proposes a smarter, more balanced system that supports economic growth while ensuring fairness. He explores the dangers of bracket creep, the merits of expanding GST through a luxury rate, and the potential of capping the CGT exemption on primary residences to close one of the country’s most generous tax loopholes.
Stuart also revisits the role of private investors in solving the housing crisis, suggesting innovative tax incentives to increase the supply of affordable rentals. In superannuation, he outlines a simple yet powerful tiered contribution tax system that could help lower-income earners grow their balances faster.
Later in the episode, Stuart responds to a listener question from Dee, a high-earning sole trader and single parent, wondering whether to purchase her next investment property in her name or via a family trust. He explains the trade-offs between asset protection, negative gearing, and borrowing capacity, especially for professionals in higher-risk fields. A must-listen for anyone thinking about how tax policy and personal strategy can evolve for a better financial future.
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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.