Tax breaks on rentals and super unfair to young
Tax breaks on investment properties and superannuation are costing the budget nearly $40 billion a year with almost none of the benefits going to the under 30s, who remain locked out of the game, according to new research.
The result has been described as a "double hit" on younger Australians, who are being sold a myth that the budget-busting concession regime is in place to help them get ahead. Instead, it is overwhelmingly older, wealthier people who access the breaks to buy and sell properties and to park income at discounted tax rates.
Read the full story at The Sydney Morning Herald.