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Capital gains are income so why are they taxed less than wages?

Capital gains are income so why are they taxed less than wages?

Update: 2024-06-15

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Australia starting taxing capital gains in 1986, stamping out a whole lot of tax evasion in the process.So why in 1999 did the Howard government introduce a discount on that tax? And how has that concession impacted investing in property?

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Capital gains are income so why are they taxed less than wages?

Capital gains are income so why are they taxed less than wages?

Australian Broadcasting Corporation