I disagree that my house is generating income
I pay council rates which is a tax. I purchase services such as water, phone and power on which I pay GST. I maintain and improve my property with my time which is a form of sweat equity. Over any given year I spend a countless amount on DIY goods on which I pay GST. I pay interest to the bank for the privilege of living in my own home and on top of all this you want to tax me? Sorry you lost my vote. Egalitarianism is a fallacy. If you want to make this country fair get rid of Working for Families. Make the first $25K of income tax free and drop corporate tax to 15%.
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