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Results from Nick Xenophon Team
Last answered 3 weeks ago
Distribution of answers submitted by Nick Xenophon Team.
Data includes total votes submitted by visitors since Apr 28, 2016. For users that answer more than once (yes we know), only their most recent answer is counted in the total results. Total percentages may not add up to exactly 100% as we allow users to submit "grey area" stances that may not be categorised into yes/no stances.
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Data based on 30-day moving average to reduce daily variance from traffic sources. Totals may not add up to exactly 100% as we allow users to submit "grey area" stances that may not be categorized into yes/no stances.
Learn more about Negative Gearing
Negative gearing is the practice of using losses on property investments to reduce taxable income. In 2013, approximately 1.3 million Australians used the concession. Data shows that high income earners write off much larger percentages of their taxes than those who earn lower wages. In 2012, surgeons wrote off $4,161 of their taxes using negative gearing while teachers wrote off $327. Proponents, including Malcolm Turnbull, argue that the practice has been part of Australian tax law since 1915 and is not a tax break since the real estate investor is taking a loss to their assets. Opponents argue that the policy disproportionately benefits Australians in high-paying occupations, not those of average incomes, since they are much more likely to own investment properties. See recent negative gearing news