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Australia Has Fallen - Unrealized Capital Gains Tax Is INSANE
🕑 Added 2025-06-05 03:04:30 +0000 UTCPeople keep asking me about this so...
TL;DW: This is braindead.
Timestamps:
0:00 Explaining The INSANE Unrealized Capital Gains Tax Consequences & Details
16:26 How/Will It Impact Me?
p.s. Go read some Thomas Sowell.
Lova ya,
Steven
Comments
Frits Spieker
Thank you for the 'between the lines' reading recommendation ;-)
ressound
In the USA, there’s a couple similar rules for normal worker retirements 401k and self funded IRA accounts. RMD ( required minimum distribution) starts at 73 and taxed for traditional accounts. After death, any funds must be withdrawn out within 10 years and taxed as income to the inherited it was passed down. Especially devastating to the principal of the account. There’s probably some other similar laws and many Elizabeth or Bernie idiot bot NPCs promoting “tax the rich”, but most all finance outlets say to contribute max amount each year to those accounts. Planning to be rich is hardly in anybody’s actual playbook unfortunately. HSA is a triple tax advantaged but limited to health spending which most is price gouging at the medical practices and insurance.
