Once again you prove you have no understanding. Just because the tax rate is 99%. It does not mean that is how much tax you pay. Heard of Tax free threshold, tax brackets Building allowance and depreciation, FMDs, DPPs, supperannuation, LVRs, defered income, warehousing, EQUITY it is tax free at 99% tax rate great deduction. As you cant mount a sensible argument to justify your posistion, you have to resort to nonsense. Dont tell people who have done it, it cant be done. You can put brains in a pumpkin but you cant make them think.
I never said it can't be done. So you bring in irrelevant stuff. We didn't say the top tax bracket was 99% we said that the tax rate ended up being 99%.
You can't just bring in all this complicated stuff to a simple example and try and claim the underlying principle is wrong without backing it up.
Next you'll be telling me there was a global recession and interest rates fell ! What about that !
The point was that the price of the house relevant to your displosable income after tax does matter. In the second example the payments were probably more than you'd earn. Where the previous poster was claiming that it didn't matter what the multiple was because if the tax rate was 99% the house would be basically free.
I don't even know what the hell you're trying to say ? Are you saying property is not expensive ? That price of a property doesn't matter because you just get a tax break ? I'd like to see you start over again today at todays prices.. you bought in 1990, well done.