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![fulovitboss Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1169726037615202305.png) Jet Ski Bandit [@fulovitboss](/creator/twitter/fulovitboss) on x 9847 followers
Created: 2025-07-28 03:00:39 UTC

#UnrealisedCapitalGainsTax reality.. 

Australian farmers desperate for answers over unrealised capital gains tax as Jim Chalmers works to overhaul super

This new tax will mean if an asset held in super goes up in value, the account holder will be required to pay tax on that increase.

With the threshold for this change set at $X million, it is being sold as a “rich people tax” but that doesn’t show the whole picture.

Jack Neilson, a cattle farmer from western Queensland, said the new tax was going to hurt hard-working Australians — “especially in agriculture”.
“Jim Chalmers needs to realise he’s not just catching the yacht-owning yuppies with this $X million rich people tax that they are trying to sell it as,” Neilson said.

This is dumbest idea Labor has come up with yet. Absolute morons. 




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**Related Topics**
[threshold](/topic/threshold)
[holder](/topic/holder)
[capital gains](/topic/capital-gains)
[tax bracket](/topic/tax-bracket)
[bandit](/topic/bandit)

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