{"id":13785,"date":"2026-05-03T22:42:45","date_gmt":"2026-05-03T22:42:45","guid":{"rendered":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/03\/2000-worse-off-labor-the-highest-taxing-government-in-history-afr\/"},"modified":"2026-05-03T22:42:45","modified_gmt":"2026-05-03T22:42:45","slug":"2000-worse-off-labor-the-highest-taxing-government-in-history-afr","status":"publish","type":"post","link":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/03\/2000-worse-off-labor-the-highest-taxing-government-in-history-afr\/","title":{"rendered":"$2000 worse off. Labor the \u2018highest taxing government in history\u2019. &#8211; AFR"},"content":{"rendered":"<p>Income tax bracket creep since the Albanese government came to office four years ago is costing taxpayers $2000 a year and has cemented Labor as the highest taxing government on average in history, new analysis by the federal opposition shows.<br \/>Labor is preparing to <a href=\"https:\/\/www.afr.com\/policy\/tax-and-super\/cgt-change-to-tax-existing-investments-based-on-length-of-ownership-20260503-p5zt9x\">increase taxes on property investors<\/a> by unwinding concessions on capital gains and negative gearing at the May 12 federal budget. It is considering a <a href=\"https:\/\/www.afr.com\/policy\/tax-and-super\/secret-treasury-tax-report-targets-trusts-20260306-p5o82o\">Treasury proposal to introduce a minimum tax rate of 25-30 per cent on trust distributions<\/a>.<br \/><span class=\"b300fbddbeef5166-socialIcon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewbox=\"0 0 12 14\" class=\"_7fb786b0c7298097-icon\" focusable=\"false\" height=\"1em\" aria-hidden=\"true\" width=\"1em\"><path fill=\"#111\" d=\"M8.842.053H1.263C.568.053 0 .62 0 1.316v8.842h1.263V1.316h7.58zm1.895 2.526H3.789c-.694 0-1.263.568-1.263 1.263v8.842c0 .695.569 1.264 1.263 1.264h6.948c.695 0 1.263-.569 1.263-1.264V3.842c0-.695-.568-1.263-1.263-1.263m0 10.105H3.789V3.842h6.948z\"><\/path><\/svg><\/span><span class=\"b300fbddbeef5166-socialText\">Copy link<\/span><br \/><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewbox=\"0 0 24 24\" class=\"_7fb786b0c7298097-icon b300fbddbeef5166-copyed\" focusable=\"false\" height=\"24\" aria-hidden=\"true\" width=\"24\"><path stroke=\"#0f6cc9\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"1.2\" d=\"m8.088 12.679 3.276 3.52L16.904 9\"><\/path><\/svg><span class=\"b300fbddbeef5166-copyed\">Copied<\/span><br \/><span class=\"b300fbddbeef5166-socialIcon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewbox=\"0 0 12 14\" class=\"_7fb786b0c7298097-icon\" focusable=\"false\" height=\"1em\" aria-hidden=\"true\" width=\"1em\"><path fill=\"#111\" d=\"M8.842.053H1.263C.568.053 0 .62 0 1.316v8.842h1.263V1.316h7.58zm1.895 2.526H3.789c-.694 0-1.263.568-1.263 1.263v8.842c0 .695.569 1.264 1.263 1.264h6.948c.695 0 1.263-.569 1.263-1.264V3.842c0-.695-.568-1.263-1.263-1.263m0 10.105H3.789V3.842h6.948z\"><\/path><\/svg><\/span><span class=\"b300fbddbeef5166-socialText\">Copy link<\/span><br \/><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewbox=\"0 0 24 24\" class=\"_7fb786b0c7298097-icon b300fbddbeef5166-copyed\" focusable=\"false\" height=\"24\" aria-hidden=\"true\" width=\"24\"><path stroke=\"#0f6cc9\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"1.2\" d=\"m8.088 12.679 3.276 3.52L16.904 9\"><\/path><\/svg><span class=\"b300fbddbeef5166-copyed\">Copied<\/span><br \/>Subscribe to gift this article<br \/><span>Gift 5 articles to anyone you choose each month when you subscribe.<\/span><br \/>Already a subscriber?<!-- --> <button data-testid=\"Modal-login-button\" type=\"button\">Login<\/button><br \/>Follow the topics, people and companies that matter to you.<br \/>Fetching latest articles<br \/>The Daily Habit of Successful People<\/p>\n<p><a href=\"https:\/\/news.google.com\/rss\/articles\/CBMisgFBVV95cUxNcmZWV21PVXpjQUV4bHh3aDZmSFRYbzRnVWozbzJ6cWpSWk8tQTVMYjFNcDV2NS1hdGJBTm1iZ1lrTmgyWFhrbDV0VVhqZENRendpOURHNTFBZmdUNHY3X3ZYUkpZSWhoQXhLeERMM3pBbnE4OGs2SnhHZURxdE1YUTdxUFM3Yno1TlplR2JaZ0dlV1NnWjZ2cmlQTGItb0FPdFJqMFFpQm5tV2h2U0tNRlVn?oc=5\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Income tax bracket creep since the Albanese government came to office four years ago is costing taxpayers $2000 a year and has cemented Labor as the highest taxing government on average in history, new analysis by the federal opposition shows.Labor is preparing to increase taxes on property investors by unwinding concessions on capital gains and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-13785","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics"},"_links":{"self":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/13785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/comments?post=13785"}],"version-history":[{"count":0,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/13785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media\/13786"}],"wp:attachment":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media?parent=13785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/categories?post=13785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/tags?post=13785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}