Australian Politics Forum - Greens Propose New Tax On Commercial Property

freediver Gold Member Offline www.ozpolitic.com Posts: 49367 At my desk.	Re: Greens Propose New Tax On Commercial Property Reply #30 - Jan 29^th, 2025 at 7:51am John would you also say that not paying income tax is a "tax perk" from losing your job?
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Jasin Gold Member Offline Posts: 49317 Gender:	Re: Greens Propose New Tax On Commercial Property Reply #31 - Jan 29^th, 2025 at 7:53am Smith got his economics degree at Dapto Dog races
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John Smith Gold Member Online Australian Politics Posts: 75023 Gender:	Re: Greens Propose New Tax On Commercial Property Reply #32 - Jan 29^th, 2025 at 7:54am freediver wrote on Jan 29^th, 2025 at 7:51am: John would you also say that not paying income tax is a "tax perk" from losing your job? No need to go to stupid now just because I showed how ignorant you are
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freediver

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Re: Greens Propose New Tax On Commercial Property
Reply #33 - Jan 29^th, 2025 at 7:56am

John Smith wrote on Jan 29^th, 2025 at 7:54am:

freediver wrote on Jan 29^th, 2025 at 7:51am:

John would you also say that not paying income tax is a "tax perk" from losing your job?

No need to go to stupid now just because I showed how ignorant you are Grin

You keep thinking you are proving something about other people - landlords, me etc. But it is only proving that you share the Greens mentality. Yes it is a stupid question, just as stupid as you trying to spin loss of rental income as a tax perk. But I would still like to know.

Would you also say that not paying income tax is a "tax perk" from losing your job?

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John Smith

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Re: Greens Propose New Tax On Commercial Property
Reply #34 - Jan 29^th, 2025 at 9:07am

freediver wrote on Jan 29^th, 2025 at 7:56am:

John Smith wrote on Jan 29^th, 2025 at 7:54am:

freediver wrote on Jan 29^th, 2025 at 7:51am:

John would you also say that not paying income tax is a "tax perk" from losing your job?

No need to go to stupid now just because I showed how ignorant you are Grin

You keep thinking you are proving something about other people - landlords, me etc. But it is only proving that you share the Greens mentality. Yes it is a stupid question, just as stupid as you trying to spin loss of rental income as a tax perk. But I would still like to know.

Would you also say that not paying income tax is a "tax perk" from losing your job?

I know it's your default setting, but you were told not to go to stupid.

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freediver Gold Member Offline www.ozpolitic.com Posts: 49367 At my desk.	Re: Greens Propose New Tax On Commercial Property Reply #35 - Jan 29^th, 2025 at 9:12am Does it depend on who is losing their job? If they are "them" rather than "us" does losing your job become a cunning tax perk?
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John Smith Gold Member Online Australian Politics Posts: 75023 Gender:	Re: Greens Propose New Tax On Commercial Property Reply #36 - Jan 29^th, 2025 at 9:15am freediver wrote on Jan 29^th, 2025 at 9:12am: Does it depend on who is losing their job? If they are "them" rather than "us" does losing your job become a cunning tax perk? Is deflection all you got left FD?
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Leroy

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Re: Greens Propose New Tax On Commercial Property
Reply #37 - Jan 29^th, 2025 at 9:27am

John Smith wrote on Jan 29^th, 2025 at 7:50am:

freediver wrote on Jan 29^th, 2025 at 7:45am:

Rich people with their cunning plans get "tax perks" from losing money on their investment.

But they don't lose money. Their profit comes from their capital gains. Instead of paying taxes, they pay the interest on acquiring the property. For them the cost is the same but instead of it going to the tax man, it goes to building up their portfolio

I thought you said you understood economics? Cheesy

Owning a commercial property costs about 8-12,000 per yr when you pay insurance, rates, services, (strata fees, parking levies, ect ) and capitol gains.
some commercial owners don't want to ean money they just need somewhere to park money.

There is more to owning a property than just buying it and getting rent.

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Leroy

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Re: Greens Propose New Tax On Commercial Property
Reply #38 - Jan 29^th, 2025 at 9:31am

freediver wrote on Jan 29^th, 2025 at 7:56am:

John Smith wrote on Jan 29^th, 2025 at 7:54am:

freediver wrote on Jan 29^th, 2025 at 7:51am:

John would you also say that not paying income tax is a "tax perk" from losing your job?

No need to go to stupid now just because I showed how ignorant you are Grin

You keep thinking you are proving something about other people - landlords, me etc. But it is only proving that you share the Greens mentality. Yes it is a stupid question, just as stupid as you trying to spin loss of rental income as a tax perk. But I would still like to know.

Would you also say that not paying income tax is a "tax perk" from losing your job?

I retired because I paid too much tax, I can maintain my lifestyle (I still make money to live from investments).

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John Smith

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Re: Greens Propose New Tax On Commercial Property
Reply #39 - Jan 29^th, 2025 at 9:56am

Leroy wrote on Jan 29^th, 2025 at 9:27am:

John Smith wrote on Jan 29^th, 2025 at 7:50am:

freediver wrote on Jan 29^th, 2025 at 7:45am:

Rich people with their cunning plans get "tax perks" from losing money on their investment.

But they don't lose money. Their profit comes from their capital gains. Instead of paying taxes, they pay the interest on acquiring the property. For them the cost is the same but instead of it going to the tax man, it goes to building up their portfolio

I thought you said you understood economics? Cheesy

Owning a commercial property costs about 8-12,000 per yr when you pay insurance, rates, services, (strata fees, parking levies, ect ) and capitol gains.
some commercial owners don't want to ean money they just need somewhere to park money.

There is more to owning a property than just buying it and getting rent.

you should let FD know

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Leroy

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Re: Greens Propose New Tax On Commercial Property
Reply #40 - Jan 29^th, 2025 at 10:15am

John Smith wrote on Jan 29^th, 2025 at 9:56am:

Leroy wrote on Jan 29^th, 2025 at 9:27am:

John Smith wrote on Jan 29^th, 2025 at 7:50am:

freediver wrote on Jan 29^th, 2025 at 7:45am:

Rich people with their cunning plans get "tax perks" from losing money on their investment.

But they don't lose money. Their profit comes from their capital gains. Instead of paying taxes, they pay the interest on acquiring the property. For them the cost is the same but instead of it going to the tax man, it goes to building up their portfolio

I thought you said you understood economics? Cheesy

Owning a commercial property costs about 8-12,000 per yr when you pay insurance, rates, services, (strata fees, parking levies, ect ) and capitol gains.
some commercial owners don't want to ean money they just need somewhere to park money.

There is more to owning a property than just buying it and getting rent.

you should let FD know

OK
FD read this.

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John Smith Gold Member Online Australian Politics Posts: 75023 Gender:	Re: Greens Propose New Tax On Commercial Property Reply #41 - Jan 29^th, 2025 at 11:29am Leroy wrote on Jan 29^th, 2025 at 10:15am: OK FD read this. Be prepared for him to come back with some stupid question
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freediver Gold Member Offline www.ozpolitic.com Posts: 49367 At my desk.	Re: Greens Propose New Tax On Commercial Property Reply #42 - Jan 29^th, 2025 at 11:33am So it's not a cunning tax perk, they simply don't want the rental income?
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Leroy Gold Member Online Australian Politics Posts: 1387 Gender:	Re: Greens Propose New Tax On Commercial Property Reply #43 - Jan 29^th, 2025 at 11:34am John Smith wrote on Jan 29^th, 2025 at 11:29am: Leroy wrote on Jan 29^th, 2025 at 10:15am: OK FD read this. Be prepared for him to come back with some stupid question (Checks all paperwork and database.) Preparations complete.
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Leroy

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Re: Greens Propose New Tax On Commercial Property
Reply #44 - Jan 29^th, 2025 at 11:39am

freediver wrote on Jan 29^th, 2025 at 11:33am:

So it's not a cunning tax perk, they simply don't want the rental income?

Roll Eyes

Well they are not all the same, some might be retired and don't want the income and have parked some money in property just in case the markets fall over.

Some might waiting for zoning changes.

Some might just have a pocket buy and will use it when the time is right.

Some could be bought in a trust for the future.

Some will be speculative.

There are hundreds of reasons.

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