Well, that went around in a circle?
So you have tax obligations and your company doesn't.
29-09-2021, 02:30 PM
dobby41
deleted deleted
29-09-2021, 02:52 PM
TeslaGod
Quote:
Originally Posted by dobby41
Well, that went around in a circle?
So you have tax obligations and your company doesn't.
Your over thinking things.
Some years I have tax to pay most years I have none, sometimes I even get tax rebates lol..the point to the original question is your a mug if you're paying 39% and 15% in gst . Thats 54% sent straight to the Wellington coffers.
29-09-2021, 03:08 PM
dobby41
Quote:
Originally Posted by TeslaGod
Your over thinking things.
Some years I have tax to pay most years I have none, sometimes I even get tax rebates lol..the point to the original question is your a mug if you're paying 39% and 15% in gst . Thats 54% sent straight to the Wellington coffers.
So you do (sometimes) have tax obligations rather than
Quote:
Originally Posted by TeslaGod
The LTC has tax obligations , I don't.
29-09-2021, 03:25 PM
TeslaGod
Quote:
Originally Posted by dobby41
So you do (sometimes) have tax obligations rather than
Correct and I don't really on the income.
Although I reiterate, I have access to 7 figures in credit and margin facilities between 2.5% and 5% interest.
No tax, definitely not 39%
29-09-2021, 03:27 PM
fungus pudding
Quote:
Originally Posted by TeslaGod
Correct and I don't really on the income.
Although I reiterate, I have access to 7 figures in credit and margin facilities between 2.5% and 5% interest.
No tax, definitely not 39%
A LTC will not save you from that marginal tax rate if the income is there, nor will access to credit - which almost everyone has. And I'm not sure what that's got to do with your tax.
29-09-2021, 03:29 PM
TeslaGod
Quote:
Originally Posted by fungus pudding
A LTC will not save you from that marginal tax rate if the income is there.
I don't earn an income.
29-09-2021, 03:31 PM
TeslaGod
Quote:
Originally Posted by TeslaGod
I don't earn an income.
Working for an income is sooo 1998
29-09-2021, 03:34 PM
fungus pudding
Quote:
Originally Posted by TeslaGod
Working for an income is sooo 1998
If you or your LTC earn an income, one or the other will pay tax.
29-09-2021, 03:35 PM
TeslaGod
Quote:
Originally Posted by fungus pudding
If you or your LTC earn an income, one or the other will pay tax.