family assistance rates?

[jrandom]

You get the same amount, split between two of you, just as frequently and the Tax Dept gets a little less...

ok - there has to be a glaring problem with that approach... anyone care to point it out

The glaring problem is that fact that if your wife isn't actually working for the boss, with the 'salary' representing a sane market rate for the job, it's tax evasion and fraud. *Criminal* offenses.

And it will get picked up as soon as the IRD audits the boss's company.

And then everyone will be walking funny for *years* afterwards.

[jrandom]

So let me get this straight, they give a family, that all ready gets $75,000 a year a benefit.

No, you're not getting it straight.

They are giving that family a tax cut. It just happens to be in the form of the family paying standard income tax amounts, and the Gummint giving a portion back. The family is still a net contributor to the country's tax income, not a burden on it.

And it works that way because it's a FAMILY. And they need the money, and this country needs the working middle class to be breeding, not getting vasectomies because they can't afford kids, which would mean that the next generation would be comprised entirely of career beneficiaries and immigrants. You want *that*?

$75,000 a year before tax sounds like a lot, but it's not. Not in every situation. Trust me. If it was a lot, I wouldn't be riding around on a 12-year-old motorcycle and having to scrimp cash to afford a new brake lever so that it could get a WOF.

[soundbeltfarm]

My tax is rate is the maximum one.
I didn't say you were bludging, although you do seem to be pretty defensive about something. My beef (excuse the pun) is with the farming sector as a whole, they always seem to be bleating (another pun) about something or another which involves preserving their nice life style. In a nutshell, farmers seem to think they have a god given right to reduce their tax, pay bugger all toward ACC, yet have a fully equipped hospital five minutes away down a sealed road where-ever they happen to live. They also crap on about being the backbone of this country's economy, but are a buncha NIMBY's when it comes to power lines...

And since you appear to have missed my original point - if your accountant is so smart, why are you asking for tax advise on a motorcycle board?

everyone has a right to reduce their tax and i dont feel bad about trying to lower it at all.
we try to pay bugger all ACC because when you get injured ACC are to dumb to see how the farming system works.
the cows still get milked ( they have to)
so income is still coming in.
even though you are not doing it.
thats why i went to a trust (well part of it)\
my wife got injured and ACC wouldnt pay 10% what she is worth because i done all the workload so ACC said she wasnt worth what we were wanting.
i know you can get cover plus extra but its cheaper to go private.
you also go on about our lifestyle.
would you be o.k with me walking all over your property with you being able to do anything about it.
and if i got injured you are liable?
i doubt it.
but if you agree thats cool i'll come onto your property get injured then you will pay for my rehab therefore i dont need ACC.
also with the powerline issue thats cool to
they devalue property.
so is it o.k if i come put a maxi powerpole and line with huge current running through your backyard?
o.k the poles arnt going to be put in our yard , but the point im making is
the valuation of land will decrase in both scenarios.

[750Y]

http://www.workingforfamilies.govt.nz

my understanding is that any income derived from any source is factored into your 'income' calculation. this means that trust income is not included in a family's income unless the benefits paid out to the household are above the threshold for the particular benefit in question. call the ird to clarify this.

also, there are benefits which are avaliable to taxpayers such as 'accommodation allowance' which provided Your earnings are under a certain level people can qualify for it.

ring them to find out.

[ManDownUnder]

http://www.workingforfamilies.govt.nz

my understanding is that any income derived from any source is factored into your 'income' calculation. this means that trust income is not included in a family's income unless the benefits paid out to the household are above the threshold for the particular benefit in question. call the ird to clarify this.

also, there are benefits which are avaliable to taxpayers such as 'accommodation allowance' which provided Your earnings are under a certain level people can qualify for it.

ring them to find out.

Trusts - lots (and LOTS) of rules.... benefits derived from, earnings of, sham trusts etc etc etc. I'm expecting the tax commissioner to start hauling them in and examining them REAL close soon... and declare a lot of them shams... then strip the otherwise protected assets from them (i.e. those that couldn't previously be accessed because of their protected status...)

Good luck with them, and make sure you get good advice.

I did!
MDU