Tax cuts

[Hitcher]

And taxes... Never forget that PAYE is the thin edge of a very fat tax wedge. Remember GST, petrol tax, excise duty on tobacco and alcohol, rates, user charges, school fees, medical costs, yada yada yada. Tax cuts? The Government giveth, the Government taketh away. Blessed be the Government.

[SPman]

Real estate agents? Overpaid, lazy, disingenuous liars, extortionists and con artists. And those are the good ones. Their whole "profession" is all about them, not about their "clients". And they have the gall to think that Location, Location gives them bad press, when it probably shows them in too good a light. If anybody wants to line them up against the wall, can I please be in the firing squad?

Flattery will get you nowhere!

[SPman]

And taxes... Never forget that PAYE is the thin edge of a very fat tax wedge. Remember GST, petrol tax, excise duty on tobacco and alcohol, rates, user charges, school fees, medical costs, yada yada yada. Tax cuts? The Government giveth, the Government taketh away. Blessed be the Government.

No, the Govt taketh, the govt taketh more!
ACCwould be the kings of taketh, though, wouldn't they?

[Eurodave]

No, the Govt taketh, the govt taketh more!
ACCwould be the kings of taketh, though, wouldn't they?

Hell yeah!!!, these pricks are creaming it, with ACC levy on EVERY vehicle you own, although you can only drive ONE at a time!!!! & then ACC levy if your self employed on top of that as well.!!! Why the hell isnt there ONE levy just on your drivers licence????

[Hitcher]

Flattery will get you nowhere!

And philately should be stamped out...

[Jackrat]

Bought my house on "Trade me"
Reckon we payed $40,000 less than we would have if an Agent had been involved.
Know nothing about Taxes,land values ect ect,but I know we done OK!!!

[TwoSeven]

My point is that the majority of wage earners do not have a lot left over for a meaningful savings account, the taxcut will not make a blind bit of difference, selfemployed peoples probably won't see any benefit to them from the so-called cuts, large savings accounts *may* reduce inflation but I'm not alone in not having one and if I put my prices up (to pay myself more) then that would only fuel inflation. Seems pretty simple to me.

No-one is taking the labour tax cut seriously - thats why they are copping a huge amount of flack about it. It wasnt really a tax cut, it was just manipulation of funds. Remember that labours basic policy model works on the principle that they cant give unless they take from somewhere else first. They dont have an efficient enough government to do anything else.

Your business should be paying the corporate rate of tax, not the consumer rate. That means in order for you to get tax relief you need the 'corporate' tax level to come down. That means your business will take more 'profit' which means you can pay yourself more wages - which the government will then take in taxes

The labour govnt. has never said that it will cut business taxes - only national is doing that (the assumed intention is from 33% to 30%).

The problem with labour is that their spending has been increasing over the six years they have been in power (45% according to the debate the other night) which means they are increasing spending about 7.5% per annum. Thats why inflation is increasing - simply they are borrowing too much from their current account (examine the current account figures relased the other day and you will see - they are the worst ever). As I said earlier - borrowing from the current account increases the base interest rate.

On the otherhand, national want to decrease government spending (reduce costs) by increasing efficiency - that means there is leeway to reduce tax. However, the mechanism they are using is by turning the 'amount' of dollars saved into a year on year percentage which is what the final tax rate will be calculated off (and why they are having two tax drops). If we take what they are hinting at to be true, your business will be better off by 3% per-annum as the business rate drops and your wages (over the 33k threashold) will be better off by a 3% per annum on the personal tax drop. So you win on both principles.

Note that currently the average tax take is about 48% per person when you factor anything in. Personally, I cant see how anyone can justify this level.

[TwoSeven]

Hell yeah!!!, these pricks are creaming it, with ACC levy on EVERY vehicle you own, although you can only drive ONE at a time!!!! & then ACC levy if your self employed on top of that as well.!!! Why the hell isnt there ONE levy just on your drivers licence????

I understand petrol just went up again ACC levy.

[ajturbo]

I've just realised why there's a sudden clamour for tax cuts.
It's to pay for the increased mortage costs for those people who enjoyed our "economic boom" now that it's slipping away.
Economic boom being rising house values.

i am constantly being amazed at the things you think about durring the day...

some of the things are worth while, and some like this are...... well.... ummmm.. well it is a good thoery

and it is probbly not far from the truth, babyb and i were looking though the real estate books that you get in the mail .. and if you don't have 300k, don't even bother opening them!!!
now tell me how the hell do first home buyers get into a place around here????