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New figures show the Capital Gains Tax discount will blow a quarter-trillion dollar hole in the budget over the next 10 yrs. Considerably more than the $205 bn it has cost over its 25 years. The richest 1% of income earners will get a staggering 59% of the benefit.
New figures show the Capital Gains Tax discount will blow a quarter-trillion dollar hole in the budget over the next 10 yrs. Considerably more than the $205 bn it has cost over its 25 years. The richest 1% of income earners will get a staggering 59% of the benefit.
— Barbara Pocock (@BarbaraPocock) February 5, 2026