this post was submitted on 17 Jul 2023
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[–] floodpants 5 points 1 year ago

Most landlords report a taxable income of less than $100,000 and there are more landlords in the $18,200 to $45,000 income bracket than the $120,000 to $180,000 range, recent tax data shows.

So, they earn shitloads more than that an minimise their tax down to nearly nothing via a complex web of trusts and companies?

Yet another Murdoch "you're not allowed to be angry about your situation, just shut up and keep transferring your wealth upwards" bullshit article.