PE> I have a choice of paying 50% on my profits
PE> now, or 0-20% tax on my profits later.

Thats distinctly arguable the way you are currently doing it.

BL> you will never pay less than 20% marginal tax,

PE> Me personally, or people in general?  I personally will be paying
PE> less than 20% marginal tax, as I intend to get all my assets into
PE> non-income-producing mining stocks, and then live on capital gain.

Yes, due to a CURRENT quirk in the capital gains tax system, the
total you can earn before you pay any tax is MUCH higher if the
income is achieved thru capital gains instead of other income.

Thats a separate issue to your current tax situation tho, where in fact
you are doing something completely different, using negative gearing.

Its distinctly arguable how much advantage there is in actually MAKING
capital gains in your current situation and trying to defer paying tax
on them till you are not earning your current salary income. You take
a considerable risk of those capital gains evaporating in the mean
time, and the tax regime changing enough so that it bites you.
@EOT:

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