It hits the people starting out hardest.
30 centsat least, in every dollar of profit above inflation, whatever you earn. On savings you already paid income tax on. From 1 July 2027.
The campaign for the people trying to get ahead
They wasted your money. Now there is a new tax on the money you use to build things. The business you start, the shares you buy with what you save. From July next year, when you sell, the Government takes at least 30 cents of every dollar of profit above inflation, whatever you earn.
Get Ahead is the fight back. Every business out. Everyday investors out. The family trust tax dropped before it starts.
Get Ahead is tradies, small business owners, founders, investors and everyday Australians who want the chance other generations had.
What this is about
For more than 25 years, if you built something and held it for more than a year, you paid tax on only half the profit when you sold. That recognised you had already paid tax on the income you saved, or on the business while trading. The Government has scrapped it.
What we are going to win
It takes a minute.
A business, shares, a fund, crypto. Enter what you paid and what you sell for. It shows you the tax today, the tax from July next year, and the gap.
Ask your MP where they stand. Send a short letter in your own words, from your own email.
Coming in December. Caps and tees. Put your name down.
Who is behind this
Tradies, small business owners, founders, investors and the young couple trying to get a start. Get Ahead belongs to the people who join it, not to any one of us.
Out every day with the number on screen and the source shown. If a minister says it, Tom answers it the same day.
Chip in
Everyday Australians, business owners, founders and investors have put their own money in. Every dollar goes to explaining this to the people it hits. We keep you up to date with how it is going.
Latest from the feed
Follow @getaheadausWhat everyday Australians are saying
The people this tax hits, saying so in public. All of it at albos.tax.