GST hike to 15%

[Jonno.]

Oh here the thread is, yep it has become a rant & rave, I thought it had been censored out of existance.
As I see it the first attack on a person came in post No 9, attributing YOUR thoughts to me, a bit arrogant eh bro? Just like you feel I need to prove myself, I don't not to you or anybody else. As Popeye said IYAM WOT IYAM So fucking what if I travelled within or outside of Australia.
You seem to contradict yourself there if YOU could laugh at yoursef you wouldn't be offended by the third world joke(toughen up princess), or was there something else offensive in the first post too?
The point of my first post was & is that NZ is being right royally screwed by it politicians/government. There are some valid arguments for & against a consumption tax and some of the less precious posters have actually addressed those issues intelligently., & raised some pertinant points. The actual raising of GST is a twice broken promise, enough to warrant a rant & a rave.
But hey go ahead & shoot the messenger.
If that's all it takes to get kicked out of a forum then Kiwibitcher has a well earned reputation, yep as always the few spoil it for the many.
DILLIGAFF

You're a fucking idiot.

[peasea]

You're a fucking idiot.

The village type or the international type?

[davereid]

according to the ird/govt site quick new tax calc, i will save 24 dollars week. if i buy a new bike worth 20g, its gonna cost an extra 800-1000$. thats a lot of weeks saving my 24$ to get there! Nothing mentioned about the rapage to my wallet, when everything else i spend my money on, costs an extra 2.5% also.
One reason me and a lot of people get into bikes is to be frugal with travel expenses. i admit the initial outlay (mostly for weather and maintaintence costs) have been high, but the weather here in nth waikato is just plain annoying.
Ok i can ride in dense as fog, or noahs flood type rain, or arctic chills, but fark me, i think i'd rather be riding in the lovely sun of Oz.

Without defending the increase in GST for a microsecond...

The idea is that if you have an income of X and you spend 100% of it, you will pay GST of Y. If your income tax decrease is Y, you have at worst broken even. If you use credit to buy a motorcycle that you don't have the money for, you will pay the GST on the day of purchase.. you will get your income tax back, as you earn it.

If you don't spend all your money, and you save it, you will be better off, as you will not have paid the income tax, although the government is assured of collecting its take should you ever decide to spend it...

If you are renting your house, or have a mortgage, you just became a winner... as you no longer pay (the same) income tax on what you earn.. nor do you pay GST on those items.

[Mudfart]

no, we have only just got into a position for both of us to work, and unfortunatelty despite being able to afford to pay a mortgage and some, the banks wont loan coz we dont have any parents alive to act as garantors. currently living in this area, saving the equivalent of a mortgage minus our current rent costs, we are looking at approx 8-12 yrs to save up the deposit. so i guess we just got hit below the belt, which had already been lowered after the last election and recession.
the bright side is they didn't hit me in the nuts, they got my foot.
fark it, im buying a new bike, second hand of course! screw brand new anymore. and im taking out the baffles/silencers.

[Jantar]

according to the ird/govt site quick new tax calc, i will save 24 dollars week. if i buy a new bike worth 20g, its gonna cost an extra 800-1000$. thats a lot of weeks saving my 24$ to get there! Nothing mentioned about the rapage to my wallet, when everything else i spend my money on, costs an extra 2.5% also.
One reason me and a lot of people get into bikes is to be frugal with travel expenses. i admit the initial outlay (mostly for weather and maintaintence costs) have been high, but the weather here in nth waikato is just plain annoying.
Ok i can ride in dense as fog, or noahs flood type rain, or arctic chills, but fark me, i think i'd rather be riding in the lovely sun of Oz.

That $20K less GST is $17777 add on 15% GST and you get $20443. So that extra $443 due to GST will take you 18m weeks to pay for. I'm sure you're not going to buy a $20K bike every 18 weeks. So even with your large purchase you are still better off.

[fuknKIWI]

You're a fucking idiot.

A well thought & intelligent response (for you)

[Blackflagged]

We are never going to beat Aussie - they dig their wealth out of the ground.

We can only play to our strengths and try and mitigate our weaknesses.

Our strength is that we are an inherently fair society and that we are politically, socially and economically one of the freest nations in the world.

One of our weaknesses is an inability to save/invest in our own economy. This budget appears to be an attempt to fix that problem (including our unhealthy obsession with property investment to the exclusion of other markets).

Agree with you on the Housing.
Unfortunately re Property there not many alternatives in our Great but small economically free country.
Interest in the bank, compared to inflation this year, doubt you would be a big winner there.
Don`t know about gst encouraging savings. Didn`t happen when we went to 10% or 12.5%

[willytheekid]

Its the same all around the world...the rich stay rich, and the poor stay poor...its just the gap thats increasing.

[Oscar]

Agree with you on the Housing.
Unfortunately re Property there not many alternatives in our Great but small economically free country.
Interest in the bank, compared to inflation this year, doubt you would be a big winner there.
Don`t know about gst encouraging savings. Didn`t happen when we went to 10% or 12.5%

It's not the GST increase that is supposed to encourage savings, it's the tax cut that goes with it.

[mashman]

If you are renting your house, or have a mortgage, you just became a winner... as you no longer pay income tax on what you earn.. nor do you pay GST on those items.

Sorry, I had a blackout during the budget and missed quite a few things... serious question from a dumb arse how does that work? no income tax or GST on my mortgage payments?

[davereid]

Sorry, I had a blackout during the budget and missed quite a few things... serious question from a dumb arse how does that work? no income tax or GST on my mortgage payments?

Yeah, I didn't mean no income tax.. you just pay income tax at the new (lower) rate. But your mortgage repayments dont have GST charged on them. So although GST will go up, your mortgage repayments wont. (Well, not as a result of the GST anyway).

Same for domestic rentals. The landlord does not charge you GST, so an increase in GST will not change your rent.

Unfortunately for renters, the landlord will be putting the rent up anyway, as he can no longer claim depreciation on his appreciating assets he will seek to recover this from the tenant !

[Pixie]

Don't give up your day job you just don't crack it as a mindreader not a bad flame job though.
As for the travelling I went through the Panama Canal 3 times possibly before you were born, there was no other way to England back then. Did USA, Europe Scandi early 80's Asia in the 90's & NZ 6 times in the last 20 years. Last time back in NZ I was shocked at the price of food.
You must be pretty fit though jumping to conclusions, flying off the handle & supple enough to put your foot in your mouth.
Don't forget that it was nearly put in the original legislation that GST would PERMANENTLY stay at 10%, of course they baulked at that 17.5% here we come...

Funny,Last year Australia's 9 Network flew to Auckland,bought the same trolley load of Aussie manufactured supermarket staples from an Aussie owned supermarket chain (Woolworths) as they did in Sydney and flew home.
It cost less,airfares included, than the Sydney groceries did.

[Pixie]

He's just pissed off that Aussie has GST now and Revin' Krudd will surely put it up in the future.

[peasea]

Funny,Last year Australia's 9 Network flew to Auckland,bought the same trolley load of Aussie manufactured supermarket staples from an Aussie owned supermarket chain (Woolworths) as they did in Sydney and flew home.
It cost less,airfares included, than the Sydney groceries did.

And people are moving there in droves, why?

[firefighter]

You're a fucking idiot.

Yep, I ca'nt be bothered with rebutting the fool. It's like arguing with an illiterate five year old with a grammar deficiency, at least the five year old has a reason for it.

It's amazing with his child-like mentality he actually had the gall to have a go at you describing a lack of intelligence with your reply, I thought it was quite fitting and all it deserved.