DragonFlame on Nostr: #auspol #negativegearing 'Defenders of negative gearing also like to claim that most ...
#auspol #negativegearing
'Defenders of negative gearing also like to claim that most of those using it are people with taxable incomes of less than the top tax threshold – or, as they often put it, “Mums and Dads just trying to get ahead”, as if that in itself is reason enough to leave it in place.
In fact, Australian Taxation Office statistics show someone in the top tax bracket is more than three times as likely to be a negatively-geared property investor than someone who is not.'
Axing negative gearing won’t cause a rental crisis. Here’s the maths
https://www.theguardian.com/commentisfree/2024/sep/21/australia-housing-crisis-negative-geating?CMP=Share_AndroidApp_Other
'Defenders of negative gearing also like to claim that most of those using it are people with taxable incomes of less than the top tax threshold – or, as they often put it, “Mums and Dads just trying to get ahead”, as if that in itself is reason enough to leave it in place.
In fact, Australian Taxation Office statistics show someone in the top tax bracket is more than three times as likely to be a negatively-geared property investor than someone who is not.'
Axing negative gearing won’t cause a rental crisis. Here’s the maths
https://www.theguardian.com/commentisfree/2024/sep/21/australia-housing-crisis-negative-geating?CMP=Share_AndroidApp_Other