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Noel Whittaker has got it wrong on negative gearing

According to economist Ken Henry, deductions in the rental property sector now exceed income, making it not a net taxpayer. And in any case, a tax should be based on equity and unless youโ€™re talking through your pocket, everyone knows that negative gearing is a rort, one that seriously and unfairly impacts young people.
Western Australia United States Castle Cove Rose Bay New South Wales Bellevue Hill
Source: smh.com.au

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