the old unearned income tax.

Even for the poor, anyone with superannuation may be caught paying a tax when it passes on to your beneficiaries.

Basically, your super may be split into a taxable and non-taxable part. And you have to pay 15% on the taxable part when it is withdrawn. So, when you die, that 15% of the taxable part has to be paid.

There are ways to avoid this. Best to speak to a financial adviser, as it depends on age, financial position etc.

This is not financial advice. I am not a financial adviser.

Good. Go after trusts.

At a former workplace of mine, I overheard the directors discussing how their family trusts worked to minimise tax. These guys were on around a million dollar a year. (Publicly listed company)

I remember one saying, don’t worry, the government will never change the laws on trusts as they all use them too.

Never thought this labor govt would grow a spine, but it appears that’s slowly happening.

I’m fine with taxing inherited wealth. Why should my landlord’s kids be my kid’s landlords by default?