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UniversalTrader

21,772 Posts.

56

28/04/24

10:39

Post #: 73542198
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Originally posted by blueballs: ↑

According to the media release, PBO analysis shows that the fiscal cost of negative gearing will reach $97 billion over the next decade, while the cost of the CGT will reach $60 billion over the next 10 years, a total of $157 billion over the decade. s 22 s 22 s 22 Page 6 QB23-000076 HOUSING AUSTRALIA Negative

Lost income subsidising property flippers

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And even more money would be lost to the taxation system from share flippers so dont give us that crap.

As for ng $10bil is cheap given it is helping house millions and ultimately the same investors return even more tax to the system on average
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