@AvidCommentator Re-implementing negative gearing would be a big mistake from Pauline and may cause her wave of support to decline. Just bring back CGT discount on other assets, businesses & stocks. Scrap Trust tax changes.
@fieldo85@hamsammichs6@AvidCommentator Small business owners - Australia's wealthy π
These people employ. Increased taxes reduces their ability to do that. There are wider economic impacts. This is not a good change in its current form.
@fieldo85@hamsammichs6@AvidCommentator Ahh. Believing treasury forecasts. Because all their other forecasts about economic impacts of their changes have been spot on!
It's way more than 5% of small business owners using a trust. It's closer to 1 in 6, and 3 out of 5 for small businesses in housing industry.
@fieldo85@hamsammichs6@AvidCommentator You're the one who lives in a bubble if you think these are only used by the wealthy. The majority of small business owners have one.
@John_Speed That really isn't much for a deal to fall through on. ~2 months of rev assuming no growth. Less if its growing. What price band was the deal in if you don't mind? < $100K, $100-$500K, $500K-$1M, $1M+
@Footballtweet He says its not that they're not running as much, it's just that they aren't aggressive with it. While on the screen there are stats showing they've been outrun in all but one game π
@Potstirrer111 It's still more people than we have today. Unless the number of rental properties increases more than what those people need, rents aren't going down.