Example , i buy three properties of $450,000 each in ten years all of them are now $600,000 each. i quit my job , zero income and sell the three properties , i pay $45k in tax due to 50% discount in cgt. Or do nothing, being the highest bracket i pay $105k each year for 10 years is $1,050,000 in taxes . Negative gearing has saved me $1,005,000
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How would you improve the Australian tax system?, page-281
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