Ian McGinley

DM's disabled due to spam - Bit of riding, bit of weightlifting, bit of crossfit.

[Ian McGinley @parawolf]

@CraigSarg73 > Australians buying their first investment property after Budget night

Don’t buy established property then if you are going to rely on cgt/NG as a point of investment.

Tax benefits should only be allowed where it reduces the need of the government to fund something.

[Ian McGinley @parawolf]

@alanwilldo @TheLege2 @CryptoMorry @Sauronlordking And adjusted for inflation. Before tax is applied.

[Ian McGinley @parawolf]

Yet another Zeekr review (@carsales 7GT this time) without any mentioning of the racking up of software defects in the 2.0 release and the constant delays of the promised 2.1 release https://t.co/I9E736TnEI

[Ian McGinley @parawolf]

@Timothy81923887 @martopedia @therealrukshan And has sold out to vested interested parties more than most. American gun lobby, mining, just to name two

[Ian McGinley @parawolf]

@SimonCotter62 Income from wealth should be taxed at the same rate as income from labour.

Negative gearing should be only available on productive investment that avoids government expenditure (major roads, new housing, etc).

GST is severely regressive to the poor.

[Ian McGinley @parawolf]

@greenytrades Take away for me from the local fish and chip burger joint, including two burgers with the lot, a minimum chips to share and a 1.25L pepsi max is under $40 for call the store and pick it up. No fancy apps, no migrant delivery worker.

You are crazy.

[Ian McGinley @parawolf]

@DaveSharma Why should income derived from investment be taxed at a different rate to income derived from personal labour? Just become an unproductive society, cross investing, selling to other investors, buying from other investors. Not producing anything to make a productive society.

[Ian McGinley @parawolf]

@MickamiousG Superfunds already do build to rent commercial buildings. Doing build to rent just like the defense department does make a bit of sense.

[Ian McGinley @parawolf]

Wow. Huge profit taking out of CBA.

[Ian McGinley @parawolf]

Top tip to self; Always do DDP for parcels over AUD$1000 vs DDU.

What a terrible experience.

[Ian McGinley @parawolf]

@disco___cat Negative Gearing - use private money to fund things that the government would otherwise have to fund, and hence a tax break.

Toll (roads), housing, nbn, etc

assessable and transferrable objects to other investors that (should) bring public good that increase capacity in society

[Ian McGinley @parawolf]

@facepalm8355 @7NewsBrisbane They put spanning reo between the printed uprights (eg inside wall and external wall, or both sides of an internal wall). Also the concrete is likely fibreglass reinforced in the mix also for support.

This is not some primary school project.

[Ian McGinley @parawolf]

@MickamiousG Negative gearing should only be available on new assets to foster development and investment to grow a market. Negative gearing on an existing family home that is 20years old does nothing to build the economy and thus isn’t worthy of attracting tax benefits.

[Ian McGinley @parawolf]

@aaronsmith Move them from VPS roles into private/outsourced contracts. And then watch the system fail as well.

[Ian McGinley @parawolf]

@cardwell_graham @MaximumAttackDT That MK3 RS is an absolute weapon of a vehicle. Had one of those, absolutely a hoot to drive. So quick, so much grip, point and shoot steering that was amazing when pushing hard.

It deserved so much more than what it got.

[Ian McGinley @parawolf]

@MaximumAttackDT I have one of these. And it’s amazing. Excellent 6 speed gearbox, LSD helps with front end grip and steer, lift off oversteer, and all the creature comforts (heated seats, steer wheel, front and rear windscreens).

[Ian McGinley @parawolf]

@robb_j_m 160metres to fttp NBN in the pit. And nbnco wants $42k to connect me to it. $5k worth of materials, labour, project planning and documentation update would be more realistic.

[Ian McGinley @parawolf]

Back to interest rates of November 2023. Should never have had those cuts. 20:20 hindsight I guess.

[Ian McGinley @parawolf]

@AutherCorneliu1 @G0ku8l4ck @38divan You really don't. The only market you dominate is military/armament. And even that you are losing market share in.

[Ian McGinley @parawolf]

@noplaceforsheep It’s all AI too