TOP Party one to watch in this election

[clearasmud]

Yep, first $15,000 of income tax free but tax rate for anyone earning $15,000-$80,000 moves to 20%. Which, for those at the lower/middle of that income bracket, pretty much negates the "tax free" amount.

Not to mention the new Land Tax, which doesn't effect me obviously, but if it did, I sure wouldn't be happy about it.

A land value tax at 0.75% of the value of urban residential land, paid annually.

• Commercial, rural, conservation and Māori land would be excluded.
• Superannuants could opt to defer payment until there is a change in ownership of the property

Then there is Phase 2:

Universal Basic Income:

• Introduce a $16,500 annual tax-free income to all citizens and residents aged between 18 and 65 years, paid weekly. There won’t be any changes to superannuation.

A UBI will enable people to take time out to invest in themselves (e.g. study or retrain). And, it will free many Kiwis from the welfare trap where they are subject to an undignified, punitive and expensive welfare system. Those on welfare transfers larger than the UBI will be topped up to the original.
The introduction of a Universal Basic Income will grow New Zealand's economy, and it is estimated to be fiscally neutral (within 1% of GDP).

Alongside our plan to introduce a Universal Basic Income, we will also introduce several targeted reforms to create a highly progressive tax system:

• Remove tax loopholes and simplify the tax system with a single income tax rate of 35% (for personal, company and trust income).
• Increase the annual land value tax on residential land (established in Phase 1) to 1.25%.

You going to vote for this? I sure as hell wouldn't.

Yes I could.

[justakiwi]

Why? Serious question.

A single tax rate of 35%??????

Yes I could.

[clearasmud]

Why? Serious question.

A single tax rate of 35%??????

I thought you said 15k tax free then 20% to 80k plus a Universal income of 16.5k

[justakiwi]

Read the rest of what I posted under Phase 2 of their plan.

I thought you said 15k tax free then 20% to 80k plus a Universal income of 16.5k

[clearasmud]

Read the rest of what I posted under Phase 2 of their plan.

I'm quite keen and curious about a land tax.
I hate what high land and building costs have done to the standard of living.