Post #2524032
2026-05-14 01:54 UTC
Amy Remeikis
'Anyone who currently owns an investment property will be able to continue to negatively gear it or, put another way, have the taxpayer subsidise them for their loss...you can only do it if you are making a loss. So you have to be prepared to make a loss, which the taxpayer will then subsidise'
#housing #ausPol #federalBudget #negativeGearing
https://www.thenewdaily.com.au/finance/news-federal-budget/2026/05/13/federal-budget-tax-broke-promises
Replies (1)
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@oscarjiminy@aus.social 2026-05-14 01:56
'if tilting tax settings that have had a demonstrable effect in increasing inequity is communism, someone needs to read a few books...But the bigger revelation in all of this is that the right has been left with nothing but faux cries of communism because, for the most part, it agrees with the budget'