Treasury analysis of Australian Taxation Office (ATO) data from 2015-16 suggests that people with taxable incomes of less than $80,000 a year would be hardest hit by Labor’s proposed negative gearing reforms. From The Australian:
Almost two-thirds of all investors who negatively geared property were on taxable incomes of less than $80,000 a year, according to new tax office data that suggests Labor’s policy to slash the widely used practice would hit more lower-income earners with only one investment property…
