goodbye middle class welfare, page-3

http://www.ato.gov.au/individuals/content.asp?doc=/content/00189164.htm

try this link then.

as well as welfare, its a major kick for those who heavily negatively gear investments, creating a very low income level and therefore paying little tax.

and the one i like - separation of rental investment & financial investments - no longer merging the interest deductions - if one has a loss, it is added back, irrespective of the result of the other.

a lot of folk who have relied on tax credits over the years are getting a rude shocj beginning with the 2010 tax return - visit your financial plan now.