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Probably just added 10% for GST.
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Originally Posted by 777
Probably just added 10% for GST.
Maybe but it is not an income tax as stated in the article heading. Fluff piece anyway so accuracy is probably not important.
Maybe they included capital gains tax as well and averaged it with the lower income tax rates. Who knows?
To me the article if accurate appears to further refute the low taxes, small govt better country argument.
Admittedly high taxes do not equal non-wasteful spending so personally I think the public service cuts are most probably a good idea in some cases, but not sure we need the tax cuts as well. Why not run a surplus, or start the journey with a new small tax free threshold that we would all enjoy and it would probably help those who are struggling the most. Probably a bit more complicated than that.
I wonder how much a zero to $5,000 tax free income threshold would compare with moving the current tax thresholds up. I know it is not Chris Ls target demographic but they have been hit hard with Adrian's and Labour's inflation.
I do not really oppose moving the tax thresholds up either as inflation has been running hot and even if Adrian could manage 3% it has been so long since these thresholds moved Labour was being a bit sneaky not beating national to the punch raising them.
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Not that I disagree with the proposals to get kids to school, education is important but David Seymour as a libertarian must be struggling with his ideals, forcing stupid/selfish parents to get their kids to school. Maybe they feel that a Fiji vacation is a better learning experience for their children.
https://www.nzherald.co.nz/nz/politi...B3L3MIPUIEKQM/
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Member
Originally Posted by Aaron
Not that I disagree with the proposals to get kids to school, education is important but David Seymour as a libertarian must be struggling with his ideals, forcing stupid/selfish parents to get their kids to school. Maybe they feel that a Fiji vacation is a better learning experience for their children.
https://www.nzherald.co.nz/nz/politi...B3L3MIPUIEKQM/
Just a throw away comment to let people know he can also put rich people on notice not just the disenfranchised pearls that the left will clutch to
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