RS> Looks rather more like another massive brain fart.

PE> Well imagine this:

PE> 1. Wage of $50k
PE> 2. Borrow $500k at 10% interest rates.
PE> 3. Pay $50k interest
PE> 4. Have income of 0.
PE> 5. Make capital gain of $250k on the $500k
PE> 6. Divide $250k by 5, as per CGT rules
PE> 7. Bingo, you make $250k per year, on the same tax
PE>    rate as you had when you had an income of $50k.

RS> Soorree, if you realise $250K capital gains every
RS> year, you wont be paying tax on $50K income.

No, I said the same rate.  E.g. on $50k income, you would probably
be paying 1/3 tax, whilst on $250k income, you would be paying 
closer to 1/2 tax (on average).  This way, you pay 1/3 tax on 
$250k instead of 1/2 on $250k.

RS> And if it was that simple, dont you think someone
RS> would have already calculated that and done that ?

They may well have done, and realised that with the volume they
require (AMP etc), they can not get into mining stocks, because
they would totally swamp the market.  BFN.  Paul.
@EOT:

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