Mark Bouris: Labor’s negative gearing changes are ‘asking for trouble’

About 66,549 teachers, 47,200 nurses and midwives and 8,106 emergency services personnel negatively gear. Of the 1.3 million Australians who declared a net rental loss, 588,169 were female. The treasurer attacked Labor’s idea of fairness. “More than six in 10 of those tax filers making a capital gain have a taxable income under $80,000. Labor’s idea of fairness is not only to discourage those hard working Australians who save, but to punish those who do.”
Bowen: ‘Labor’s plans are fair and progressive’
Source: AFR

Leave a comment