Sorry Foxy, I just dont buy what your suggesting.
As Saul Eslake has pointed out, a mother returning to the workforce,pays a higher rate of tax,than "some one " who has the ability to negative gear on a property-for the former part, see margin loan for the latter.
The government should be IMHO be about rewarding work,not tax minimisation,as it stands ,IMHO the tax narrative is aaaaarse about face.
By all means create the environment for all Australian's to make money,but not in the process minimise their tax liabilities.
For me Foxy, should a company such as BYR reach a certain share price, I will happily be glad to pay my full share of the prevailing tax rate.
Disclosure I own the stock I have mentioned.
Raider
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