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Why Negative Gearing should be scrapped, page-25

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lispingduck

7,302 Posts.

15

16/04/15

14:37

Post #: 15099695
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Originally posted by omeara29 ↑

The stats show that 80% of the people that negative gear properties are on incomes of $80,000 or less so that is hardly rich.
In fact for a lot of ordinary Australians it is their way of preparing and providing for their retirement.

This talk all resolves around getting the budget back into the black and the only way is to modify the GST.

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If that is the true case then the stats indicate that if the market corrects those 80% are probably going to hurt cause they have too much leverage and not enough income to cover..
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