I FUCKING LOL'D in real life.. Sorry I'm not the real Clint.. that was a dig at the Greens/Gareth Hughes.
https://www.youtube.com/watch?v=AaOMGLINdpw
I am happy to criticise all parties especially Labour when there is clear wrong doing and they deserve it. I was as critical of Helen and her cronyism as I have been of Key and his.
TOP QUOTE: “The problem with socialism is that sooner or later you run out of other people’s money.”
I think your info is a bit outdate my friend.... Last years tax rates were basically the same as the upcoming years.
https://www.ato.gov.au/Rates/Individ...ome-tax-rates/
The following rates for 2014-15 apply from 1 July 2014.
Taxable income
Tax on this income 0 – $18,200 Nil
$18,201 – $37,000 19c for each $1 over $18,200
$37,001 – $80,000 $3,572 plus 32.5c for each $1 over $37,000
$80,001 – $180,000 $17,547 plus 37c for each $1 over $80,000
$180,001 and over $54,547 plus 45c for each $1 over $180,000
That doesn't even include the 2% levy for medicare - things are much more expensive if you are claiming not to be an "Australian resident" for tax purposes...![]()
Maybe you were meaning the UK?
Rate 2013-14 2014-15
Starting rate for savings: 10%* £0 - £2,790 £0 - £2,880
Basic rate: 20% £0 - £32,010 £0 - £31,865
Higher rate: 40% £32,011 - £150,000 £31,866 - £150,000
Additional rate: 50% N/A N/A
Additional rate: 45% from 6 April 2013 Over £150,000 Over £150,000
Unfortunately even Somalia has reintroduced tax...
Anyway, who cares for facts and politics... its the weekend - time for booze.
That's pretty much exactly what happened until recently isn't it? In spite of, as you point out some pretty serious disincentives to do so the cream of NZ's producers fucked off overseas. How much tax did we make from that lot? You have the smell of one who doesn't change his opinion in the face of evidence to the contrary.
Ignoring the schoolboy rhetoric, you're apparently wrong. Not only do all of those polls you claim are so inaccurate disagree with you but more specifically so did Wednesday's stuff poll, which in answer to the question "do you agree with Labour's policy to raise tax on income over $150k to 36%" answered "No, they pay enough already".
For what it's worth I agree, what possible reason would anyone have for demanding more from the 9% that already supply over 70% of tax revenue?
You'd have to be a right greedy bastard.
Go soothingly on the grease mud, as there lurks the skid demon
100% agree. What I want to know is why a lot of these Iwi entities, flush with taxpayer funded handouts ( on shonky historical pretext ) are paying no tax? Whats that about?
Far from decrying the huge amount of tax that the very wealthy pay we should be more concerned about the tax revenue that is not being enforced, such as the huge volume of internet purchasing that is arriving unlevied and untaxed. Tax is payed if you purchase goods locally, why should it not be the same if you purchase offshore?
That idiot Hollande in France ( will only be a one termer ) was taxing the rich at 75% and to date has scared away 4500 or so of them to other countries who will accept their revenue stream and tax them only ''politely'' at the same time. This socialist taxing muppett worked out that his tax revenue has actually fallen and that the French economy has stalled. He is now engaged in doing a 'u' turn. Of course like the hypocrites that socialist leaders largely are he is enjoying the trappings of a lavish lifestyle, totally at odds with the tired old rhetoric that rich people are evil...
For myself Im not rich but work bloody hard , up to 80 hours per week and am comfortable. I dont expect to be severely penalised for that by politicians who will promise the world to accept in part the guaranteed votes of some members of society ( I only said some! ) that are improvident
A flat consumption tax only is the very best solution for helping to instil a thriving economy that will benefit everyone
Work it out - the PAYE on 50k income is slightly less in Australia compared to NZ. However your comment comparing income tax rates is fairly silly as it doesn't take into account things like WFF and Aussie Medicare. It becomes even more nonsensical when the overall tax picture is taken into account, GST and such.
TOP QUOTE: “The problem with socialism is that sooner or later you run out of other people’s money.”
I do agree with your second sentence. Only a little over 1 % of land in NZ is used for housing. There is plenty of land that could have been / should be opened up for housing. Councils have had a feast with the unneccessary and parasitical fees they charge and the time they take. Moreover Ive personally developed a real distaste for the real estate industry who have feasted like the banks on this criminal step in making housing ownership a pipe dream for so many everyday people. This is an international problem with most western democracies and the Green parties have also had a hand in this.
In respect of your first sentence yes and yes but thats also about international pressures and our open slather economy. Multinationals will always find the countries with the cheapest labour so that they cannot neccessarily bring prices down but to maximise their returns. We are all collectively hypocrites because we all wear clothing produced by offshore sweatshop labour that has displaced jobs here and suppressed income increases. We also buy goods on the net instead of supporting local business and their employees. The whole situation ( irrespective of all whys and wherefores devoid of emotion ) just self compounds
But the solutions are not the socialist ones that time and again are a disaster. Common sense wouldnt go amiss.
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