In Australia, the way people earn their money affects the rate of tax they pay — and top earners have a very different income mix from everyone else.

I find it very hard not to feel angry about the unfairness, and intransigence of the wealthy in this country.

Why should I work so hard, to get so little, when these people have a leg up on everything. And I don’t count myself as that bad off, in fact I’m, overall, goin pretty well.

  • DavidDoesLemmy@aussie.zoneEnglish
    12·
    2 months ago

    Your uncle who makes 100k per week through properties would mostly receive that as income from rent. Unless he’s selling a property every week. Income from rent is taxed the same as your income from your job. There is no CGT discount on income.