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Not possible because it's not legal, Jom. Why not stick to what's legal AND profitable over the long term? Forget this messing around with PPOR exemptions. Build a portfolio instead. Alex

Definitely not the wealthy people I know. The wealthy people I know do everything they can to reduce their tax legally. If I managed to reduce my share of taxes to Packer levels, I would be happy to pay it too! I still don't get why the two have to be mixed. Just because I don't defraud the...

Dictatorships might be ok if I am the dictator. Alex

Yes, optimally I would have a different set of laws that applied only to me and mine. Alex

Ideally, of course, I would prefer the govt tax other people but not me. I'd just prefer that I don't pay tax. Realistically that won't be possible. Still, if I can keep my assets growing without having to pay tax until I sell, that's not bad. Alex

Does that mean if the government levies a tax to use in a manner that I morally object to, it's ok NOT to pay it, even though I legally have to? Would I be jusfied to lie about something in order to avoid paying such a tax? I would answer no, because I base these things only on legal...

I don't plan on doing anything illegal with taxes, only because I don't think the returns are worthwhile. However, if it is within the law, I WILL manipulate my circumstances to minimise my tax. And I'm too selfish to care about the common good. I do not get a warm feeling when paying taxes...

You're not claiming all the deductions available to you under the law in order to provide more money for the common good, then? Alex

What asdf is saying is that if they only live as 'housemates' then they might not be considered defacto. I doubt this arrangement would survive an actual ATO inspection, though. Alex