"The Albanese government has hidden a 30% death tax 'Easter egg' in their bad faith Budget and was hoping they could sneak their assault on family savings past Australians", said Shadow Treasurer, Tim Wilson.
Mr Wilson's comments follow reports in The Australian that found a 30% death tax hidden in the Budget papers targeted at popular family trusts. An 'Easter Egg' in popular culture is a secret that was deliberately hidden and requires effort to find.
"Young Australians who invest in ETFs, crypto and shares have realised this Budget is targeted at kneecapping their savings, and applies a tax on invested first home deposits, and now their targeting any inheritance too", Mr Wilson.
"Yesterday in Question Time the Prime Minister was explicitly asked about ruling out a death tax in the future, and he wouldn't. We now know he couldn't rule out a death tax tomorrow because he announced one on Tuesday buried in his Budget papers".
"In red hot rage, Anthony Albanese openly lied 50 times over to the Australian people about not introducing new taxes on homes, rentals, investments and family savings and now he's been caught out trying to sneak through a death tax too".
"This bad faith Budget is unravelling because Australian's have awoken that the Budget narrative of intergenerational fairness is code for kneecapping Australian families".
