Social Services Minister, Scott Morrison’s claim (here and here) that negative gearing is used primarily by ‘battlers’ has received more punishment today, with new research from The Australia Institute (TAI) revealing that more than half the tax concessions from negative gearing are flowing to the richest 10% of households. From The Australian:
About $4.2bn of the [$8bn] annual tax break goes to households earning more than $206,000 a year, putting them in the top 10 per cent of the country by income…
