<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Small business owners are taking to the internet to salute their new "business partner" - one </span><a href="https://www.9news.com.au/anthony-albanese" rel="" target="_blank" title="Anthony Albanese"><span>Anthony Albanese</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The prime minister is featuring in a trending wave of AI-generated memes, where he is being mocked for this year's </span><a href="https://www.9news.com.au/federal-budget" rel="" target="_blank" title="budget changes"><span>budget changes</span></a><span> to the capital gains tax discount.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Big shoutout to my silent business partner, Anthony," Cocobelle Beauty salon owner Michelle wrote on Facebook.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LIVE UPDATES:</span></strong><span> </span><a href="https://www.9news.com.au/world/us-politics-live-updates-donald-trump-iran-israel-may-19-aussies-on-gaza-flotilla/c7c55ee3-144b-4c78-846b-13320861c456" rel="" target="_blank" title=""><strong><span>Eleven Australians on flotilla intercepted by Israel</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Emphasis on silent. He'll be taking 47 per cent of the profits without ever answering a phone, changing a treatment bed, or doing a Hydrafacial."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>An AI-generated photo of Michelle and Albanese accompanied the caption.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It's one of a slew of memes touting the same "47 per cent figure".</span><strong><span></span></strong></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/anthony-albanese-capital-gains-tax-changes-meme-trend/677d3bec-ed50-4b16-ae90-a3de339dffd6" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The number refers to changes to the capital gains tax discount introduced in last week's federal budget.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Under the new measures, the 50 per cent CGT discount will end, leaving business owners facing the possibility of paying 47 per cent tax if they sell their company.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Treasurer Jim Chalmers has said the government will work to do right by start-ups and business founders, leaving open the possibility of exemptions to the rule.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/illegal-tobacco-controversial-call-to-cut-tax-as-senate-examines-illegal-tobacco-crisis/658e010f-0061-474d-b3d0-e89bc4c303e2" rel="" target="_blank" title=""><strong><span>Why health expert wants to make cigarettes cheaper</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We think you are a really important part of the economy, in lots of ways the hope of the side when it comes to dynamism and productivity, and we will reflect and recognise that in our policy," Chalmers said in parliament last week, addressing notional start-up founders.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The backlash to the police began – meme-wise, at least – in the tech sector, but has migrated to other small businesses.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><h2><span>'That is just so unfair': Boost Juice founder lashes budget tax reform</span></h2></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Multimillionaire Boost Juice founder Janine Allis was a vocal critic of the </span><a href="https://www.9news.com.au/federal-budget" rel="" target="_blank" title="federal budget's"><span>federal budget's</span></a><span> tax changes, saying they are "just so unfair".</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>In a social media video, the typically apolitical Allis said Labor's decision to </span><a href="https://www.9news.com.au/national/federal-budget-2026-changes-to-negative-gearing-capital-gains-tax-discount-explained/0a2e7bcf-5c7b-42bc-88d1-788c34aa9eb2" rel="" target="_blank" title="wind back the capital gains tax discount and grandfather negative gearing"><span>wind back the capital gains tax discount and grandfather negative gearing</span></a><span> would "destroy the core of what Australians are".</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"I would put my house on the line, I put everything on the line, and then I work my absolute butt off, risk everything, be away from my family, etc," she said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/federal-budget-2026-opposition-leader-angus-taylor-pledges-huge-boost-to-instant-asset-writeoff-for-small-businesses/21358f58-9c3f-4b91-9eaa-dda3a546f209" rel="" target="_blank" title=""><strong><span>Taylor waves in a potential tradie bonanza</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"To eventually make a profit and give nearly half to the government?</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Oh my god, that is just so unfair. It doesn't allow you to get ahead, it doesn't inspire you to actually take the risks that you need to take."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/federal-budget-2026-haunted-by-ghost-of-election-past-labor-pushes-forward/5c565eca-395e-4da8-a907-4f4feb9d04f9" rel="" target="_blank" title="The government broke an election promise"><span>The government broke an election promise</span></a><span> by moving to replace the capital gains tax discount with a less generous inflation-linked rate and a minimum 30 per cent rate.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Negative gearing will be limited to new builds and no longer apply to any existing properties bought after 7.30pm on May 12.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Both policies are commonly used for property, but the capital gains tax discount can apply to most capital assets, like managed funds, while negative gearing can apply to other income-producing assets like shares.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Allis said she believed the changes would kill ambition to start a business and ward off investment from global businesses.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><em><span>NEVER MISS A STORY:</span></em></strong><span> </span><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><strong><em><span>Download the 9NEWS App here via</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a></li><li><strong><em><span>Make 9News your preferred source on Google by</span></em></strong><span> </span><a href="https://9.nine.com.au/8x987w" target="_blank"><strong><em><span>ticking this box here</span></em></strong></a></li><li><strong><em><span>Sign up to</span></em></strong><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="_blank"><strong><em><span>our breaking newsletter here</span></em></strong></a></li></ul></div></div>