Stop Labor’s Toxic Taxes
On housing, savings, investments and small businesses.
Labor can’t manage money, which is why they come after yours.
Labor’s Budget is an assault on aspiration.
By increasing capital gains tax, restricting negative gearing and increasing taxes on discretionary trusts, Labor is hiking taxes on:
- Housing: Even Labor’s budget papers show fewer homes and higher rents, because of higher taxes on Australians who invest in property.
- Savings and Investments: If you invest in shares, maybe to save for a home deposit or for your future, Labor wants to tax you more (higher capital gains).
- Small businesses: If you build a business and sell it within 15 years, Labor’s capital gains tax changes mean you could be taxed up to 47% on what you built. Changes to trusts could hurt up to 400,000 small businesses that use trusts to manage cash flow and for asset protection.
Labor’s high inflation also means higher tax on incomes, as workers get pushed into higher tax brackets.
Labor’s new taxes hurt Australians who work hard, take a risk to start a business, or save and invest for their future.
Sign our petition to stop them.
The Coalition will repeal Labor’s taxes.
Join our fight and sign our petition today.