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.
The full text of this article is available to MacroBusiness subscribers
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
