u/Luck_Beats_Skill

Can someone explain it to me as the budget seems like the King of the nothing burgers.

Stock standard scenario:

Dad’s mate from the country club says a start up miner is a real goer.

I buy 10,000 shares at $1 each.

I sell 3 years later for .25c a share, netting me $2,500 in the hand. Basically free money.

Before last nights budget I would pay zero tax on that.

After last nights budget? Guess what also zero dollars tax.

Yet everyone is crying like they have been touched up without consent.