‘Every worker': Number of Aussies hit by unrealised gains tax in next 30 years revealed
Wilson Asset Management Founder Geoff Wilson reveals the number of Australians in the next 30 years who will be hit by the unrealised gains tax.
'Now, effectively without the indexation, we have done some numbers, and within the next 30 years, 8.1 million or more than half of the working population will be over that $3 million mark,' Mr Wilson told Sky News host Peta Credlin.
'Without indexation, eventually every worker will be paying tax on unrealised gains, so they will be paying tax on a profit that may never eventuate.'
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