[RD] Daily Graphs and Charts

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I think some languages use variants of Holland instead.
 
warpus said:
that include ethnic groups that shouldn't be there at all.

Tell this to people who organized these population censuses, I just copied-pasted their data and made graphs.

Out of curiosity - which are these and why they shouldn't be there at all?

warpus said:
blatantly incorrect "ethnic composition of country X" pie graphs

Once again - tell this to clerks who were responsible for these censuses. I copied-pasted like it was officially published.
 
Well, I'm not saying they were entirely correct.

Official censuses often aren't in perfect agreement with reality.

The category counted by 1897 census was actually "primary language" (
first_language.png
).

So not necessarily everyone who spoke German or Russian as "first language", was a German or a Russian. Etc.
 
Australian rental rights compared to some other countries

rental-right-infographic-small.ashx
 
Good of you 'strayans who do not cave in and surrender to Communism.
 
It's also at least one contributing reason why we have some of the world's most unaffordable housing. Everyone wants to buy, everyone wants to rent to suckers with no rights. The tax system also massively favours real estate investment.
 
Maybe that's the real reason why all 'stralians buy property in Bali? :scan:
 
It's also at least one contributing reason why we have some of the world's most unaffordable housing. Everyone wants to buy, everyone wants to rent to suckers with no rights. The tax system also massively favours real estate investment.
What about the tax system massively favours real estate investment?

We have the same laws in the UK btw. We do not have room to expand. Well, we do, but rampant NIMBYism prevents that... The "free market" solution might be to allow local governments a share of any tax revenue from increasing population (more than simply extra council tax, as this rarely covers the extra cost of provisioning public services - hence the extra grants and top-ups provided by central government). I think this would be preferable anyway as it creates the right incentives to maintain a balance between existing residents/taxpayers and potential new residents.
 
What about the tax system massively favours real estate investment?

We have the same laws in the UK btw. We do not have room to expand. Well, we do, but rampant NIMBYism prevents that... The "free market" solution might be to allow local governments a share of any tax revenue from increasing population (more than simply extra council tax, as this rarely covers the extra cost of provisioning public services - hence the extra grants and top-ups provided by central government). I think this would be preferable anyway as it creates the right incentives to maintain a balance between existing residents/taxpayers and potential new residents.

Negative gearing mostly. You can deduct from total taxable income all interest on a loan, if rental income is lower than that interest. Reduces personal income tax by well over 10 billion dollars each year meaning it's basically a subsidy to the rich. The treatment means real estate is a super attractive investment, drives speculation, draws investment away from productive assets, and is a pretty big driver of high prices. (Note that owner occupiers can't make such deductions.)

There is also a big cash grant for first home buyers.
 
I see, that's the same as in the UK. I don't think it's unfair though, as the interest is a real accounting cost. If you were to set up a company by taking out a bank loan, then the cost of the loan is a real actual cost of operating the business. You only pay tax on profits, so if your revenues don't exceed this cost (and any other costs) then you don't pay any taxes.

At the very least it's no more unfair than the tax treatment of debt in all other industries. That may or may not be unfair, but the thing it's unfair to is just equity financing.
 
I see, that's the same as in the UK. I don't think it's unfair though, as the interest is a real accounting cost. If you were to set up a company by taking out a bank loan, then the cost of the loan is a real actual cost of operating the business. You only pay tax on profits, so if your revenues don't exceed this cost (and any other costs) then you don't pay any taxes.

At the very least it's no more unfair than the tax treatment of debt in all other industries. That may or may not be unfair, but the thing it's unfair to is just equity financing.

This isn't to run a business though, it's the purchase of a nonproductive asset and being offset against all other income. It's just people borrowing more than they otherwise could to buy a house and then using that to reduce their tax bill.

In the UK you can't apply that deduction to your other income like your salary, most other places quarantine the deduction. In the UK "Losses from one activity source can only be offset against future income from the same source. Rental property losses are quarantined to income from real property under Schedule A" link
 
Oh, I didn't realise it was ALL other income, including your own personal salary... Yeah that's pretty shocking.
 
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