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  1. #251
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    Quote Originally Posted by babyno1onboard View Post
    I don't think there has been a decent PM since Johnny Howard. Not sure who I'll vote for, they all seem crap


    I don't think I would use decent as a word to describe John Howard at all!!!

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    Clementine Grace  (27-04-2016),Lillac  (30-04-2016),Marshy68  (27-04-2016)

  3. #252
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    Quote Originally Posted by BigRedV View Post


    I don't think I would use decent as a word to describe John Howard at all!!!
    Haha it's all relative. I didn't think much of him when he was PM but every PM we have had since has been terrible. Makes old Johnny look good.

  4. #253
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    K.Rudd was good from 07-09 but then the internal shenanigans was the beginning of the end.

    It's very true that the stats are definitely skewed, but I believe that any changes are still reflective of the fact that there are still many 'mum and dad investors' and that changes need to impact on those with many investment properties, not those of us who are setting ourselves and our families up for a future of hopefully never having to rely on the government to live our lives.

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    Default Negative Gearing - Politics talk

    Another interesting article!
    Which occupations have the most negative gearers?

    http://mobile.abc.net.au/news/2016-0...earing/7359626

    http://www.smh.com.au/federal-politi...26-gof4xf.html
    Last edited by BigRedV; 26-04-2016 at 22:42.

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    They're basically saying the government should throw the baby out with the bath water - ooooh the rich benefit, it's an evil tax concession, let's just ruin itstillfor the12% of police officers and 10% of teachers and nurses too because those horrid rich, intelligent, hard working surgeons are taking all of the governments money!

    That tends to be the attitude many in the media seem to want the government to do.

    Point is the more people who can live off their own super and / or investment property income and not need the pension into the future is still much more important than a government winning points with voters as a short term solution to a debt 'problem'

  7. #256
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    Default Negative Gearing - Politics talk

    Quote Originally Posted by A-Squared View Post
    They're basically saying the government should throw the baby out with the bath water - ooooh the rich benefit, it's an evil tax concession, let's just ruin itstillfor the12% of police officers and 10% of teachers and nurses too because those horrid rich, intelligent, hard working surgeons are taking all of the governments money!

    That tends to be the attitude many in the media seem to want the government to do.

    Point is the more people who can live off their own super and / or investment property income and not need the pension into the future is still much more important than a government winning points with voters as a short term solution to a debt 'problem'
    Neither of these articles suggest to scrap negative gearing.

    What it tells us is that whilst the government is correct when it says that teachers, nurses, police officers etc. do negatively gear properties but it is very misleading statement when you look at percentages.

    The top 10% of earners claim half the tax benefits from negative gearing.

    I don't actually have a problem with negative gearing but I think the number of properties people can claim negative gearing on should be 2 or 3 at most.

    ETA - and when you include capital gains tax, the benefits of the top increase to 66%
    Last edited by BigRedV; 27-04-2016 at 19:52.

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  9. #257
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    Default Negative Gearing - Politics talk

    And these are the largest 10 net rental loss per electorate.

    No surprises here...all very wealthy electorates. In comparison to a nurse or teacher's rental loss of about $2k

    ImageUploadedByThe Bub Hub1461751250.134304.jpg

  10. #258
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    Quote Originally Posted by BigRedV View Post
    And these are the largest 10 net rental loss per electorate.

    No surprises here...all very wealthy electorates. In comparison to a nurse or teacher's rental loss of about $2k

    Attachment 80738
    Nurses and teachers must be making very smart investments then

  11. #259
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    About the CGT discount I agree that it should change, but if it's reduced to 25% then taxpayers should have the option of using the indexation method. If you've held a property for 20 years, it wouldn't be fair to have to pay tax on 75% of the gain without taking into account inflation. The indexation method just makes sense, and I don't understand why they scrapped it in the first place.

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    Quote Originally Posted by witherwings View Post
    Nurses and teachers must be making very smart investments then
    I don't think you really believe that.


 

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