Tim Wilson (Goldstein, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Prime Minister. Jack earns $25,000 in income and realises a capital gain of $10,000. The tax on Jack's capital gain is $1,400, equal to his marginal tax rate of 14 per cent. As Jack's marginal tax rate is lower than Labor's new 30 per cent investment tax, Jack needs to pay an additional $1,600 in tax. Prime Minister, why is this government stealing $1,600 of Jack's future home deposit, taxing lower income earners and undermining the tax-free threshold?

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