Capital gains tax, otherwise referred to as the tax charged on profits from disposing of assets such as property, shares, and crypto assets, is currently prohibitively high. This discourages prudent investment and limits economic growth. We believe that it should be reduced to 20% for the first year and 13% thereafter for the middle & lower class individuals and families. Lower capital gains tax rates stimulate investment, leading to higher economic growth. According to a 2012 report from the Tax Foundation, a decrease in the capital gains tax rate can lead to an increase in tax revenue as it encourages more transactions. The report suggested that lower tax rates on capital gains and dividends could increase GDP by 0.23%, create 64,000 new jobs, and eventually lead to higher revenue. By reducing capital gains tax, we can ensure that all individuals feel secure in their investments and are encouraged to contribute to our economy. It is time for change, a change that promotes a more inclusive and vibrant economic environment for us all. Sign this petition to appeal for a fair and competitive capital gains tax in Australia.