Who really uses Negative Gearing, page-2

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acorn

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26/04/15

15:35

Post #: 15157823
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Originally posted by empror ↑

It appears that there are a lot of false assumptions about the users of this tax vehicle

Reading the threads being published by most the false assumptions being made is that it is a tax vehicle that only assist the rich end of the populace.
It's almost as if the rhetoric has a hidden socialist agenda to it

Some interesting facts

91% of people using negative gearing earn less than $80,000 per annum hardly real estate barons

The composition of the users is as follows
Emergency service workers. 12315

Teachers and child care workers 61500

Cleaners and house keepers 6940

Clerical staff 83280

Hospitality Trades 21555

Hair dressers 1645

Sales assistant 46450

Transport workers 15525

Trades 34395......etc

Now I can't see the above as being filthy rich if anything it appear that the majority of users on negative gearing are actually hard working individuals or families that are trying to get ahead and not burden the Australian economy by putting in place a strategy to avoid the the pension

The above figures are for the 2011-2012 stats looking at some of the more up date stats the number have nearly doubled

How pathetic that we have people with hidden political agenda talking about a topic that actually so many hard working Australian participate in, to try get ahead and not burden the Australian economy

It seems to me that the current system is actually working and requires a more effective way to educate those who are not participating to understand the advantages and start participating

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So , working on the theory that most of the negative gearers are on 80k or less , that means they are spending a dollar to get , at best , 32 cents back .

I wonder how much economic activity is generated for their investment vs the tax refund ?
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