re: tax losses and the ato - [intent]
The government has to protect is revenues - my opinion is if you can aim to pay $1M in tax a year you must be making $2M in income _ if you can do this off the sharemarket you are a bloody genious - so one should aim to pay more tax via more income - it also improves the national standard of living.
But yes goblin valid point the government will tax any area where they can gte the revenue from the populace.
NSW new 2.25% property tax is a prime example
Negative gearing to go next.
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