QUESTIONS WITHOUT NOTICE

Mr TIM WILSON (Goldstein) (14:33): My question is to the Prime Minister. Jack earns $25,000 in income and realises a capital gain of $10,000. The tax on Jack's capital gain is $1,400, equal to his marginal tax rate of 14 per cent.

As Jack's marginal tax rate is lower than Labor's new 30 per cent investment tax, Jack needs to pay an additional $1,600 in tax. Prime Minister, why is this government stealing $1,600 of Jack's future home deposit, taxing lower income earners and undermining the tax-free threshold? The SPEAKER: Order!

We're going to withdraw that part of the question accusing someone with that term. Mr Tim Wilson: I'll withdraw that. The SPEAKER: Just remember that's all parliamentary language.

Honourable members interjecting— The SPEAKER: Order! Members on my left. Members on my right.

The member for Moncrieff. We're not going to do anything until the House comes to order. The Treasurer has the call.