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Data Breakdown of Who Uses Negative Gearing

Discussion in 'General Property Chat' started by House, 12th May, 2016.

  1. House

    House Well-Known Member Premium Member

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    Last edited: 12th May, 2016
  2. Hodor

    Hodor Well-Known Member

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    You listed secondary school teachers twice, you trying to get them a bad rep?
     
  3. House

    House Well-Known Member Premium Member

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    Haha no. Uploading multiple similar looking files on an iPhone was a lot harder than expected. Edited to keep you happy @Hodor
     
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  4. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Geez. That's a fair spread of occupations and I wouldnt have thought the numbers would be that high.
     
  5. househuntn

    househuntn Well-Known Member

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    That's a lot of investors out there, if around 10-20% are claiming rental losses. That's not including positive geared properties
     
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  6. EN710

    EN710 Well-Known Member

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    What is practice manager? :confused:
     
  7. turk

    turk Well-Known Member

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    Would manage a Doctors private practice.
     
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  8. bob shovel

    bob shovel Well-Known Member

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    Manages practice of course
     
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  9. bob shovel

    bob shovel Well-Known Member

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    I must be listening to different news. I thought this was the negative gearers
    images.png
     
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  10. EN710

    EN710 Well-Known Member

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    Football practice? :rolleyes:
     
  11. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    What's really revealing is the percentage of people in each group that are negative gearing. It's generally about 18%. This would imply that the other 82% are neutrally geared or positively geared (and thus paying tax).
     
  12. Ed Barton

    Ed Barton Well-Known Member

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    You could be correct, but I doubt it. The way I read the stats is it is the number/% of that profession that are negatively geared, not the % of investors in each group.
     
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  13. LibGS

    LibGS Well-Known Member

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    The ATO dataset does not include occupation for about 2.5 million taxpayers - 192,537 of whom reported rental losses. Those taxpayers have been excluded from the table.

    Yes, 6.43% of this dataset is receptionists. Huge.
     
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  14. wylie

    wylie Moderator Staff Member

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    But you would agree, surely, that this list isn't made up of "rich" people or "high flyers"?
     
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  15. LibGS

    LibGS Well-Known Member

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    No one has ever made that claim. People distinctly use qualifiers like predominantly. Nice strawman though. Would you care to rephrase your claim?
     
    Last edited: 12th May, 2016
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  16. MBowen

    MBowen Active Member

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    Negative gearing is bad. The receptionist at my dentist has two properties and she is 40. My children will never own a property ever because of her!
     
  17. Joynz

    Joynz Well-Known Member

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    I don't agree. The post above by House is a bit ( inadvertantly) deceptive due to what has been cut and pasted and what has been left out.

    Go to the news article and sort by the Average Rental Loss per Claiment - there's a button for this below the text.

    You will see that rich people ( using highly paid occupations as a proxy for wealth) are very well represented as making the most losses.
     
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  18. bob shovel

    bob shovel Well-Known Member

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    I noticed that too. Top 3 are still the "higher earner types" then there's a big presence of the middle class type jobs
     
  19. Azazel

    Azazel Well-Known Member

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    Crikey moses, did you copy and paste each small image from your phone?
    Super keen ;)
     
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  20. propernewb

    propernewb Well-Known Member

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    It's deceptive to judge someone's wealth based on their occupation. I am sure that many on here would be asset rich but still work jobs that society in general would consider to be for "poorer folk"
     
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