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  1. #436
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    Quote Originally Posted by iceman View Post
    I think you're stretching the truth a bit Aaron by saying they flattened the progressive tax system when all tax brackets were reduced, fairly evenly http://taxpolicy.ird.govt.nz/publica...sonal-tax-cuts
    We still have a very progressive income tax, unfortunately !
    I stand corrected. Poor wording on my part. The progressive income tax rates were reduced not flattened, while the regressive GST tax was increased.

  2. #437
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    Looks like labour has worked out how elections are won and lost.

    https://www.msn.com/en-nz/money/pers...cid=spartandhp

    I do recall Winner69 gloating about this sometime ago but it would be hilarious if people were up in arms about $20-$30 per week when those wealthy superannuitants are already getting $350-$450 per week that they don't need.

  3. #438
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    Aug 2012
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    Quote Originally Posted by iceman View Post
    I think you're stretching the truth a bit Aaron by saying they flattened the progressive tax system when all tax brackets were reduced, fairly evenly http://taxpolicy.ird.govt.nz/publica...sonal-tax-cuts
    We still have a very progressive income tax, unfortunately !
    Income tax is still progressive. Wealthier people tend to have capital gains. Homeowners are in effect subsidised by those who are not.
    Last edited by Bjauck; 24-05-2018 at 12:07 PM.

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