Australia's largest stock trading and investment forum Australia's #1 stock forum

Hold on why are other tax payers putting in for that person...

First 54 Last

Share
Profile

Follow
skiptdouglas

8,560 Posts.

2

27/01/17

14:36

Post #: 22173143
Share

Originally posted by 9703yn ↑

from 87k to 180k, skip, the bracket is 37%, so any 'negative' position you have on property is discounted by 37%, if your 'taxable income' fits you in there. When you talk about tax free thresholds, and lower tax scales you pass through, yes you'd probably greatly reduce the % payable but the actual amount that other taxpayers put in for you, would be 37%. So, in that bracket, you are still carrying 63% of the cost, and if you are only doing it for the deduction, you are silly.

Expand

Hold on why are other tax payers putting in for that person claiming deductions ?
This is the individual PAYE , they dont have to pay extra tax do they ?

Now when i get my tax back for the year i dont look and go O look i paid 37 percent on this and 32 on this.
I look at the average i have paid for the year after deductions .

im going to ignore the silly comment

Last edited by skiptdouglas: 27/01/17
1 Upvote

Reply

There are more pages in this discussion • 81 more messages in this thread...

First 54 Last