Labor’s toxic taxes are an assault on aspiration.
Labor’s spending is driving inflation and wages aren’t able to keep up. You’re working harder for less and that’s why we need the Coalition’s Tax Back Guarantee, so your pay isn’t eaten up by Labor’s inflation tax.
Labor’s New
TOXIC TAXES
Labor's Toxic Taxes
Here are 5 new toxic taxes Labor is about to introduce that
Australians did not vote for.
1. INFLATION TAX
Labor’s spending is driving inflation and wages aren’t able to keep up. You’re working harder for less and that’s why we need the Coalition’s Tax Back Guarantee, so your pay isn’t eaten up by Labor’s inflation tax.
2. STARTUP TAX
The changes to Capital Gains Tax mean Labor now expects a 47% share in businesses right across the country, effectively making them co-owners!
3. DEATH TAX
Buried in the fine print, Labor has snuck in a 30% tax on the trusts families use to pass assets on. People who work hard, save hard, and want to leave something behind for the next generation will now see a huge chunk taken away and handed to Labor.
4. Small Business TAX
Small businesses across the country will have to restructure, costing thousands in new legal and accounting fees and exposing them to a potential stamp duty bill.
5. RENTAL PROPERTY TAX
Labor’s own budget shows higher taxes on rental properties will mean 35,000 fewer homes and higher rents for Australians.
