Shock horror! Investor property tax rorts benefit the rich

The Parliamentary Budget Office (PBO) has presented research on negative gearing and the capital gains tax (CGT) discount, which would have been useful in 2018-19.

According to the PBO, both tax lurks overwhelming benefit higher income earners – something MB has argued for years:

57 per cent of negative gearing deductions go to the top 20 per cent of income earners.

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