In a desperate attempt to justify whacking the “rich” with higher taxes, Rob Salmond comes up with a new form of maths – when a figure is negative you count it as zero, rather than include it in the calculation.
According to Rob if you had assets and liabilities of (for example):
- Term Deposit – $200,000
- Shares – $100,000
- Loan – $50,000
Then your term deposit is only 67% of your net assets ($200,000/$300,000) rather than
75% 80% ($200,000/$250,000).
Hilarious. And desperate.Tags: Rob Salmond, tax