If they want to stop speculation in housing they need to remove the inordinate tax on normal savings accounts.
Tax on savings and securities to be on the basis of real earnings.
Tax on on 8% interest is up to 4% of the capital, and with inflation at 3-4% you are making nothing.
This is how asset bubbles are created. They are the only protection against govt poor management of inflation, and bank fees.
Tax paid on securities needs to be normalised and rebated to adjust for inflation.
This would level the playing field across alternative investments
- Forums
- ASX - General
- one in five will lose homes
one in five will lose homes, page-17
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)