The treasurer is emphasising the number of people with a negatively geared property rather than who benefits most financially A Grattan Institute report on negative gearing says the main beneficiaries of the housing investment strategy are not – as the treasurer,Scott Morrison, claims – low-paid workers such as nurses, and teachers,hairdressers and sales assistants.[br]Instead, the report says surgeons, or doctors,finance managers and lawyers are the overwhelming beneficiaries, with the top 10% of income earners before rental deductions getting nearly 50% of the tax benefits.
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Source: theguardian.com