“About two-thirds of those with negative geared properties have a taxable income of less than $80,000 ...”
What RMIT ABC Fact Check found
Mr Frydenberg's claim is misleading. Experts contacted by Fact Check took issue with Mr Frydenberg's use of taxable income to define wealth, due to the very nature of negative gearing, which is a tax deduction that reduces taxable income. They suggested removing the effects of negative gearing from a person's total income and applying a threshold to that figure. On this measure, only 52.3 per cent of negative gearers have an income below $80,000. This is out of proportion with the number of t...
Their words, from the summary they publish with the rating.
In short
Josh Frydenberg (Treasurer) made this claim around 7 October 2018. RMIT ABC Fact Check (Australia) looked into it and published its finding on 16 November 2018, 40 days later. Its rating was “Misleading”.
Josh Frydenberg has 9 checked claims in this archive. Fact-checking organisations rated 0 of them false or fake, 7 misleading or mixed and 2 true.
Where the claim appeared
- joshfrydenberg.com.auhttps://joshfrydenberg.com.au/latest-news/labor-has-a-plan-to-rewrite-the-good-news-on-th…
Links recorded by RMIT ABC Fact Check. Some posts may have been deleted since.
This check was done by RMIT ABC Fact Check, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.