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Through the proposed DTC / GST legislations, the government has acknowledged the demand of new revenue system however the proposed new laws apparently appear staying even more complicated then the prevailing one.

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For example, if you get under $100,000 annually, approximately $25,000 of rental income losses qualify as deductible, and can save thousands of dollars on other income origins through this price reduction. However, if you earn over $100,000 a year, this deduction begins to phase out, until can completely gone for taxpayers earning $150,000 and above annually.

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