"But Gillard needs the $9 billion per annum revenue from taxing existing mines at 40 per cent because she can?t now go to an election with a deficit for any more than another two years. That means Swan and Treasury Secretary Ken Henry must find the money from somewhere else."
Hey Henry, I found your billions!
"NEGATIVE gearing by rental investors has become Australia's biggest tax break, with landlords claiming $12.75 billion of net losses in 2007-08 to reduce their tax."
http://www.theage.com.au/national/negative-gearing-top-tax-break-20100326-r377.html
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