The criticisms and characterization of the 50% capital gains tax discount over many years have been full of misunderstandings, myths and distortions in the conventional narrative on how capital gains tax works, how it compares with the capital gains tax that it replaced in 1999, and the economic consequences of making the capital gains tax burden heavier. The myths and distortions are biasing the public discussion towards increased taxation.👉 Support CIS Research:🔹 Become a member: https://www.cis.org.au/membership-2-step-1/ 🔹 Make a donation: https://www.cis.org.au/support/donate/today/ 🔹 Learn more: https://www.cis.org.au/ 👉 Further reading: Why We Should Not Increase Capital Gains Tax: https://www.cis.org.au/publication/why-we-should-not-increase-capital-gains-tax/10 CGT Myths Busted: https://www.cis.org.au/publication/10-cgt-myths-busted/