After arguing for two years that changes to super, shrinking the very generous tax concessions for the wealthy, were necessary to make the system fairer, the Treasurer has junked the idea of taxing unrealised gains and agreed to index the new tax thresholds that would otherwise have captured more people over time.
Those with balances over $10 million will pay more tax, and there is a super boost for the lowest income earners.
7.30’s Sarah Ferguson interviews Treasurer Jim Chalmers.
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