Proposed tax cuts

[Deano]

$15 in the hand of every worker each week ???????????

Wouldn't it be fairer to adjust the salary tax bands ?

When were they last adjusted ?

Shouldn't they be 'inflation adjusted' or is this simplistic ?

I mean, a six figure salary nowadays is not worth as much as say, ten years ago.

Also, given that working for families is now topping up working families (top ups for up to $71,000 salary and one child, more for more kids), doesn't it seem that the middle class are now getting screwed ?

The middle class are paying the tax that the 'rich' were paying ten years ago, and lower class paying middle class tax of ten years ago.

Excuse any generalisations on my part - but wouldn't rescaling the tax bands be a more equitable means of divvying up tax cuts ?

[Hitcher]

Hopefully the death throes of a fatally wounded administration trying to divert attention from the Electoral Finance Bill. Tax cuts should be only the half of it, but I can't see this lot and their camp followers being brave enough to slash and obese and comfortable bureaucracy.

[Usarka]

Rescaling the bands doesn't help the poor. it is all about the poor.

[Deano]

Hopefully the death throes of a fatally wounded administration trying to divert attention from the Electoral Finance Bill. Tax cuts should be only the half of it, but I can't see this lot and their camp followers being brave enough to slash and obese and comfortable bureaucracy.

Personally, I'd like to see the $15 be put to GOOD use in health, education or policing.

$15 doesn't last long in my fuel tank.

[Jantar]

Rescaling the bands doesn't help the poor. it is all about the poor.

Damn right. I never considered myself poor untill I started earning more than $70,000 pa. Now I'm on considerably more than that and see people on the average wage with much more discretionary spending. The low paid are the new rich.

[Highlander]

Rescaling the bands doesn't help the poor. it is all about the poor.

Unless my maths is wrong, does it not help every tax payer if it is the bottom band that is moved, and caps the benifit for every one on the higher bands?

edit: Obviously I am assuming the band is moved upward or the tax rate reduced.

[cowpoos]

$15 in the hand of every worker each week ???????????

Wouldn't it be fairer to adjust the salary tax bands ?

When were they last adjusted ?

Shouldn't they be 'inflation adjusted' or is this simplistic ?

I mean, a six figure salary nowadays is not worth as much as say, ten years ago.

Also, given that working for families is now topping up working families (top ups for up to $71,000 salary and one child, more for more kids), doesn't it seem that the middle class are now getting screwed ?

The middle class are paying the tax that the 'rich' were paying ten years ago, and lower class paying middle class tax of ten years ago.

Excuse any generalisations on my part - but wouldn't rescaling the tax bands be a more equitable means of divvying up tax cuts ?

adjust them in what way?? they havn't moved for years...but what is the point of that?? are the people that are rich no deserving of keeping just as much money as those that are poor??? I sure as hell don't understand why it is the more sucsessful a person is the more they have to contribute to society...they don't get any more voting rights?? or privilages?? same goes with lower income people?? why should they pay less tax?? why can't we just have a flat tax rate?? why is it the family's in any income braket deserve this working for families rubbish??? shit...I wanna go hire purchase a new jet ski too!!! so why can't the government pay me some money for being hopeless with what I already earn in order to pay for my new jetski???

[Hitcher]

Rescaling the bands doesn't help the poor. it is all about the poor.

Redistributing wealth through a tax system is an extremely blunt and inefficient instrument. People who have the means will find ways to avoid paying punitive taxes. Meanwhile middle-income earners get sodomised by the gummint, mortgage lenders and all other manner of fees and charges. The poor, like death and taxes, will always be with us. If people want to become philanthropic with their own money and contribute more to the poor, there's nothing to stop them. A frustrating phenomenon is when the poor get the same voting rights as the unpoor and vote in lame Labour administrations who are wedded to crushing the life out of enterprise, educational excellence and endeavour. And protecting their sorry arses by passing travesties like the Electoral Finance Bill.

[Deano]

adjust them in what way??

Up and maybe more of them - like Aussie - the place a lot of Kiwi's seems to be heading. Incidentally, if I was to move I would only benefit by about 5K per year. Dunno about the cost of living though.

why can't we just have a flat tax rate??

How would that work bro ? Would it be so high that the poor could not pay it and be shot ?

Would it be so low that there would not be enough $$ to pay for health, police, infrastructure etc ?

Anyways, if you adjusted them proportionally, you could effectively give everyone $15 each. But, with all the benefits the 'poor' can receive, it seems the 'middle class' are proportionally more 'out of pocket' than historically.

[Swoop]

Tax cuts??

Today was about some labourite tosser saying "sorry" after being convicted in court.
This was a person who didn't use dodgy labour to tile his houses...


Labour. Pack your bags and fuck off.

[NighthawkNZ:Me]

$15 in the hand of every worker each week ???????????

yeah half a tank of gas extra a week...

Then again since I am on a lower wage bracket I'll probably only $5 a month extra...

[rainman]

doesn't it seem that the middle class are now getting screwed ?

Thus it has been, and will always be... doesn't matter if the blue or red team is in the house.

[Coyote]

are the people that are rich no deserving of keeping just as much money as those that are poor??? I sure as hell don't understand why it is the more sucsessful a person is the more they have to contribute to society...they don't get any more voting rights?? or privilages?? same goes with lower income people?? why should they pay less tax??

Depends. Considering a lot of the richer people don't really earn their money by working. Usually they're managerial types that force people around and hardly lift a finger themselves, or they're the investors that move their money to where it can make them more money, and they usually get a money manager to do it for them.

People with more money have the money to make life more comfortable. Poorer people don't so much. A flat tax rate could starve lower income families whereas a richer family may not be able to buy their daughter the higher spec mercedes she wanted for her 16th birthday.

As for voting, if some people were to have a vote that meant more than others, who'd decide who does have more voting power? I don't want the types that want to bring down minimum wage get more say, nor do I want to hug a tree every day.

Disclaimer: this is a generalisation. Of course there are exceptions like with everything.

Richest 2 percent own half the worlds wealth

[homer]

how about a real saving

Lets say you work 50 hrs a week
now lets go with the idea that a working week is 40 hrs
so now lets all pay 24 % tax ....in other word increase it slightly .....

Hang on im geting to the good bit

So you work what ever hrs you work or want to work ok
you pay tax on a 40 hr week
thats it

you dont pay any tax on any hrs after the first 40 hrs
or any secondary tax if you have 2 jobs

so it tax on 40 and any other hrs you work its all yours

Now isnt that fair

[homer]

how did it even come about asking for a tax cut
we all know you get nothing