Cullen claims significant tax cut policy

[steved]

The old dog is trying to buy the voters (http://www.nzherald.co.nz/section/1/story.cfm?c_id=1&objectid=10501509) and reduce the sting of National's totally awesome tax cut 'policies', which admittedly are unstated at this time. I don't care who gives me tax cuts as long as someone does soon and keeps them coming.

My question is, what do you think Cullen will actually put out in his budget in May in regards to the tax cuts he has in mind for October 2008, April 2009 and April 2010?

[Finn]

What ever it is it won't be enough to stimulate the economy but it may enough for a Steak & Cheese pie.

[Nasty]

He did this last election and we are still waiting ... and once again I see those who voted for him last time believing in this shite again!

[Badcat]

What ever it is it won't be enough to stimulate the economy but it may enough for a Steak & Cheese pie.


mmmm- pie.......

[Storm]

He did this last election and we are still waiting ... and once again I see those who voted for him last time believing in this shite again!

So, voting for Labour IS an indication of a certain "intelligence level" then?







*runs for cover before the Red Bridgade shows up*

[ManDownUnder]

What ever it is it won't be enough to stimulate the economy but it may enough for a Steak & Cheese pie.

Now THAT's a bloody good way to put it (the double entendre was deliberate right?)

So, voting for Labour IS an indication of a certain "intelligence level" then?
More of an indication of individual potential, much like Union Membership.

I personally am a high flier - I back myswelf and don't want limpets hanging off me to limit my potential. Unions do exactly that - fuck 'em - they're not for me

Those needing the protectorate of a union are often (not always) unable or unwilling to deliver real value and thereby are unable to command real value... i.e. they get paid fuck all coz they do as little as they need to just to scrape by year on year.

[Tank]

What ever it is it won't be enough to stimulate the economy but it may enough for a Steak & Cheese pie.

or another packet of chewing gum.

[Tank]

He did this last election and we are still waiting ... and once again I see those who voted for him last time believing in this shite again!

I still haven't actually met anyone who voted labour (or will say they did publicly).

I one met someone who voted Green, but I made them cry and now we are no longer friends.

True story tho - at dinner the other night my daughter said "yay- I can vote this year" She then actually said she was going to vote Labour or Green because they were her favorite colours. When I hit the roof, spat dinner everywhere and got terribly upset with this she said it was funny that her vote was worth as much as mine.

Fucken democracy. When I become PM - all this shit is over!

[bungbung]

mmmm- pie.......

http://www.weebls-stuff.com/wab/pie/

[Marmoot]

National Story
Cullen hints at fast-track tax cuts (+video)
5:00AM Wednesday April 02, 2008
By Paula Oliver




But yesterday Dr Cullen couldn't resist baiting his political rivals in the House by saying he would deliver a three-year programme of significant tax changes, and they would be bigger than what he had previously offered in 2005.


You'd be stupid to believe that

[Grumpy Gnomb]

as soon as we get rid of this govt the better off we will be, so tax cuts or no tax cuts they just have to go

[homer]

we keep hearing tax cuts
have for ages , we all know it wont do shit
so what i really want to know , is who the fuck even asked to get tax cuts.

I sure didnt

[geoffm]

we keep hearing tax cuts
have for ages , we all know it wont do shit
so what i really want to know , is who the fuck even asked to get tax cuts.

I sure didnt

I did. I am sick of paying tax and getting nothing back - over hald my income goes on tax of one sort or another, and I have had enough of supporting no hopers and bludgers in Wellington. No dole-for-families here. Not even paid parental leave (wif e self employed for less than minimum wage). Don't forget the insidious hidden leveies, charges and of course, local body property taxes.
I would be $8300/year better off in Australia - about $5k from higher pay rates, and $3300 from the difference in tax rates. Just waiting for my registration...

[Jantar]

... is who the fuck even asked to get tax cuts....
I certainly DID.

Have a look at this thread and you'll understand why 40% of the people don't want tax cuts while the rest do. http://www.kiwibiker.co.nz/forums/showthread.php?t=16243

[homer]

I did. I am sick of paying tax and getting nothing back - over hald my income goes on tax of one sort or another, and I have had enough of supporting no hopers and bludgers in Wellington. No dole-for-families here. Not even paid parental leave (wif e self employed for less than minimum wage). Don't forget the insidious hidden leveies, charges and of course, local body property taxes.
I would be $8300/year better off in Australia - about $5k from higher pay rates, and $3300 from the difference in tax rates. Just waiting for my registration...

i wasnt meaning its not a good thing
just i dont want it or care about it , and dont know who was ever suggesting that we should get tax cuts .
it just seemed to be all talk and still seems to be .
btw ony about 8500 better off in aus?
even for me it would be about that amount or more .
i have to agree with no payed parental leave , but lets not start me on the whole payed leave thing
cause im not going there .

[homer]

The way the tax should work is .
you work 40 hrs a week , you pay income tax at about 15% on that
you pay gst at about 15 %
you only pay tax on the first 40 hrs you work
any more hours its tax free , "after all youve worked your 40 hr week" thats enough tax to cover the costs .
you then are also being basically offered a tax break and also asked to save money as well because the choice of spending is up to you
after all, then if you want to rush out and spend its up to you how much xtra tax you pay

[Swoop]

Cullen is a lying piece of crap that needs a good buggering by an AIDS ridden homo with bad breath and smelly feet.

Tossers have had how many YEARS to assist the population and yet do nothing!

BLATANT incompetence in treasury... "billions in surplus - oops, sorry, ""defecit""... oh no! we have it wrong, it was actually a surplus". Get real!

[Tank]

I certainly DID.

Have a look at this thread and you'll understand why 40% of the people don't want tax cuts while the rest do. http://www.kiwibiker.co.nz/forums/showthread.php?t=16243

THAT was a brilliant post.!

[yungatart]

The way the tax should work is .
you work 40 hrs a week , you pay income tax at about 15% on that
you pay gst at about 15 %
you only pay tax on the first 40 hrs you work
any more hours its tax free , "after all youve worked your 40 hr week" thats enough tax to cover the costs .
you then are also being basically offered a tax break and also asked to save money as well because the choice of spending is up to you
after all, then if you want to rush out and spend its up to you how much xtra tax you pay

What about students working two part time jobs, totalling say 18 hrs p/w..they pay secondary tax on the job with lesser hours!!
I reckon the first 10 hours should be tax exempt!

[homer]

What about students working two part time jobs, totalling say 18 hrs p/w..they pay secondary tax on the job with lesser hours!!
I reckon the first 10 hours should be tax exempt!

sorry . my point is you only pay tax on the first 40 hrs
you dont pay secondary tax
just 15 % up to 40 hrs
even if you had 10 jobs you pay 15 % tax on 40 hrs
if you work 2 hrs you pay 15 %

theres no tax brackets
its a win win
and you decide how much more tax you pay , depending on what you spend and what on .

your also already tax exempt on the first $2000 that you earn in a year

[Manxman]

I certainly DID.

Have a look at this thread and you'll understand why 40% of the people don't want tax cuts while the rest do. http://www.kiwibiker.co.nz/forums/showthread.php?t=16243

...good story. I'm particularly pissed that the tax band thresholds have not increased in line with inflation each year, thereby actually decreasing my take home pay and increasing - by stealth - the tax take. WTF.

This is worth a read too...http://en.wikipedia.org/wiki/Laffer_curve. Long story short, same outcome as the link above, ie the more you tax the less your take (ie people pish off to Oz). The Laffer Curve demonstrates that in some cases, it is actually better to reduce taxes and thereby increase tax take, by virtue of people working longer, and harder (a bit like the principle of low margin x high turnover = more revenue, compared to high margin x low turnover).

I used to (many, many moons ago) admire Cullen's staunch views on putting money away for the future, and back then didn't mind too much at being taxed more...but now I'm just blardy annoyed that he's dangled-then-denied us reductions in the past - then not followed through - and seriously misspent his (my & your) tax vault. Wealth transfer is what I think it's called...and I've had a gutsful of giving and getting feck all back. Why should I get continually penalised for putting in some effort at school and uni to get myself a decent job, only to see my salary get raped to pay some fecken bludger who doesn't lift a finger. Go figure that Mr Cullen.

Political arrogance and disrespect at its worst. Essentially, he's turned into a typical third-term-no one-knows-better-than-me arrogant prat and unbelievably thinks that he's going to get voted back in <again> by lying. WTF II. However, completely losing touch with the real feelings of the electorate is actually a classic symptom of a power-drunk, self-serving government that has outstayed its welcome (and not being able to see that the light at the end of the tunnel is actually a big freight train heading straight for them).

BTW, 40% equates to a majority in Labour's tail-wagging-dog world...

National should romp home this time around, providing Key starts putting some meat on the bones of his policy.

I cannot imagine anything worse than a 4th term Labour government, supported by a Green Party (that would feck up the economy in about 2min 36.5sec if they were given any real power.) and I'll never forgive Sue Bradford for reaching into my home and telling me what I can and cannot do to discipline my kids...hey Sue, come closer, I've got some news for you....F*CK OFF. Btw, whilst I'm on the subject, s59 already covered child abuse. The problem lay in the inability of judges to use some common sense in applying it...that's all that was wrong with s59. Really. So why did you implement a law that cost millions to introduce and has created crims out of regular mums and dads? Because you so wanted to be seen to actually have done something whilst in power, and put Labour over a barrel in order to support it. Well bloomin well good on ya, what an achievement, you must feel sooo proud. Arse.

Incidentally, has the repealing of s59 actually prevented any kids being abused and having seven colours knocked out of them, er.....NO. Did you ever think about addressing the cause, instead of the symptom? Like invest some of that $3m it cost to change the law, to target at risk communities and e-d-u-c-a-t-e them on how to bring up kids in a loving way. Nah, cos that's too hard isn't it?

If anyone who supports the greens (*spit*) comes knocking on my door this election campaign, they'll leave not knowing WTF just hit them (figuratively speaking of course....or maybe not...:kick:).

Massive rant well and truly over/:spudgrr::calm: Sorry.

No I'm not.

[steved]

Whilst I am no lover of Labour and their policies, my original question I don't think has been answered.

What do you think Labour will put in the budget in May in regards to tax policy? Slight raise in thresholds? To what? Slight change in tax rate?

Cheers

[Sanx]

Budget 2005. Cullen announces upward adjustment in the tax band thresholds effective 2008. Not a per-inflation-since-they-were-last-adjusted adjustment, but that'd be way too much to ask for. The adjustment effectively gives a tax cuts to those persons that work.
Budget 2006. Cullen announces the pre-election promise of an adjustment has been cancelled.

Who cares what the lying slimy pretentious prick says or promises? He's lied and broken promises before, so he'll happily do it again. No-one should trust a word that comes out of his mouth.

Labour - if you're too lazy to work and want free money for sitting on your fat arse all day eating KFC, vote for us!

[steved]

Who cares what the lying slimy pretentious prick says or promises? He's lied and broken promises before, so he'll happily do it again. No-one should trust a word that comes out of his mouth.

I completely agree, and that goes for any politician, not just Cullen/Labour. However, you can still have an opinion of what you think he will do, if anything. I take it you think that the May budget will provide no change to the current PAYE tax policy?

I think Labour will feel 'forced' to offer some form of tax cuts as it seems to be a slam-dunk feeling amongst a great many of the voters. I am merely interested in what others think those tax cuts might be.

[Manxman]

I completely agree, and that goes for any politician, not just Cullen/Labour. However, you can still have an opinion of what you think he will do, if anything. I take it you think that the May budget will provide no change to the current PAYE tax policy?

I think Labour will feel 'forced' to offer some form of tax cuts as it seems to be a slam-dunk feeling amongst a great many of the voters. I am merely interested in what others think those tax cuts might be.

...ok, my punt. Tax cuts offered will be in the lower bands, not 39% band - and they'll be bloody meagre at that. Mr Cullen has a complete aversion to assisting the 'rich, middle New Zealanders', notwithstanding the fact that:
1) they are the ones who tend to generate most jobs for everyone else; and
2) actually, Mr Cullen (along with many other Labour Party high flyers) is a 'rich, middle New Zealander' himself. Bluddy hypocritter.:Oi:

[Sanx]

I completely agree, and that goes for any politician, not just Cullen/Labour. However, you can still have an opinion of what you think he will do, if anything. I take it you think that the May budget will provide no change to the current PAYE tax policy?

Oh no - I think he will offer something. It's election year, after all. However, that something will be scheduled to come into effect in 2011, and they'll reverse it (should they still be in power, heaven forbid) in the 2009 budget.

[steved]

Well, I have to say I'm surprised at the extent of the announced tax cuts today. He must be feeling mighty scared.

[ManDownUnder]

Well, I have to say I'm surprised at the extent of the announced tax cuts today. He must be feeling mighty scared.

What's he promised?

[Brett]

Tui anyone???

[oldrider]

Well, I have to say I'm surprised at the extent of the announced tax cuts today. He must be feeling mighty scared.

Cullen has been in California, learning how to say, "I'll be back!" :eek:

Arnold Schwarzenegger has been coaching him and his budget was predictable. :sleep:

They (Labour) "will" be back! :crybaby: Damn it, John.

[Jantar]

What's he promised?
A block of cheese in the week imediately before the election, then nothing extra for two years when then is another block of cheese. And a final reasonable increase just in time for the 2011 election.

Looks generous, but very transparent. And plenty of time to can the next two steps should Labour be re-elected.

[ManDownUnder]

A block of cheese ...

Fark - a whole block??? That's $75 right there! LOL

Yeah - points taken. What a surprise.... promises made into the future to keep us all hanging on in there.

[Swoop]

Nice try cullen.
The "packet of chewing gum" promise, last election... still waiting.

The new and improved "packet of cheese" bribe this time.

The poor fools that get sucked in by this.

[1 Free Man]

I still haven't actually met anyone who voted labour (or will say they did publicly).

I one met someone who voted Green, but I made them cry and now we are no longer friends.

True story tho - at dinner the other night my daughter said "yay- I can vote this year" She then actually said she was going to vote Labour or Green because they were her favorite colours. When I hit the roof, spat dinner everywhere and got terribly upset with this she said it was funny that her vote was worth as much as mine.

Fucken democracy. When I become PM - all this shit is over!

YA TANK!!
GO TANK!!
TANK FOR PM!!!:rockon:
Hope your got bigger balls than Helen buddy. where do you think she gets that deep voice from.:niceone:

[Robert Taylor]

Nice try cullen.
The "packet of chewing gum" promise, last election... still waiting.

The new and improved "packet of cheese" bribe this time.

The poor fools that get sucked in by this.

Yeah but you cannot put brains where they are not supposed to be!

[fridayflash]

that budget was tantamount to a suicide note

[Maha]

Mark Sainsbury V John Keys....
Keys starting to sound like Clark in his response...
Question put to him about Nationals Tax cuts where Keys said ealier this week that...'' it will be the thicker end of $50''
Now he cant give a Yes/No answer...just the good old '' What I am sying is''
I still dont fully trust him...better the devil you know!
He owns a house up here at Omaha beach......on Success Dr....:eek:

[Conquiztador]

Fucken democracy. When I become PM - all this shit is over!

Now THAT is funny. Bling!!

[Conquiztador]

The way the tax should work is .
you work 40 hrs a week , you pay income tax at about 15% on that
you pay gst at about 15 %
you only pay tax on the first 40 hrs you work
any more hours its tax free , "after all youve worked your 40 hr week" thats enough tax to cover the costs .
you then are also being basically offered a tax break and also asked to save money as well because the choice of spending is up to you
after all, then if you want to rush out and spend its up to you how much xtra tax you pay

Homer, I vote 4 U!!. As long as U not in green or maori...

Oh shit, thats right, I stopped voting ages ago...

[homer]

and im not .....:niceone:

[Manxman]

You've probably seen this...

[homer]

Yeah but you cannot put brains where they are not supposed to be!

but you could take the brains that are there and put them where they should be ,
up there fuc*en ass

[homer]

Homer, I vote 4 U!!. As long as U not in green or maori...

Oh shit, thats right, I stopped voting ages ago...

yeah i dont vote either , like that bling sent

[Marmoot]

Labour vs National....

Tax Cut issue don;t mean shit when it comes to thinking about government who tells me what to do and not to do to my kids, what to eat and not to eat, and what to watch and not to watch!

I'm so sick of this.