30th May 2014, 08:01 PM
|
Member
|
|
Join Date: May 2013
Posts: 102
|
|
Thanks Beton, that's a very good idea.
CP you are right that it is utterly ridiculous for the ATO to tax winners they deem to be "business like". Every long-term loser need only produce a spreadsheet where they have balanced their accounts, and voila it's a tax right off. Problem is that they have taxed a few punters already. Say it's a 1% chance of happening to me - well I can handle a 3 month recovery time, but that 1% risk of being taxed is too much for me to stomach.
|