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16-06-2022, 03:15 PM
#2181
Originally Posted by dobby41
Maybe you over-estimate the Laffer curve - "sometimes cutting tax rates can result in increased total tax revenue"
Correct. I didn't claim otherwise. My point is that increasing taxes to raise revenue - just isn't that simple.
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16-06-2022, 03:17 PM
#2182
Originally Posted by fungus pudding
Most high net worth individuals will.
Every time you mention the Laffer curve, people respond as if that theory has no merit at all. It is in fact plain to see in action currently since the government raised tax rate from 33% to 39% for earnings over $180k, where people who may have been happy to pay 33% over $180k are now finding ways to completely avoid paying any tax, or reducing tax over $180k - the net result being less tax to the government from that demographic than may have been had the tax rate not been raised.
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16-06-2022, 03:20 PM
#2183
Such entitlement when young people pay 50% when including gst and student loan repayments.
We need capital based taxes on the wealthy in NZ.
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16-06-2022, 03:23 PM
#2184
Originally Posted by Baa_Baa
Every time you mention the Laffer curve, people respond as if that theory has no merit at all. It is in fact plain to see in action currently since the government raised tax rate from 33% to 39% for earnings over $180k, where people who may have been happy to pay 33% over $180k are now finding ways to completely avoid paying any tax, or reducing tax over $180k - the net result being less tax to the government from that demographic than may have been had the tax rate not been raised.
That's exactly what happens.
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16-06-2022, 03:32 PM
#2185
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16-06-2022, 03:39 PM
#2186
Originally Posted by Panda-NZ-
Such entitlement when young people pay 50% when including gst and student loan repayments.
We need capital based taxes on the wealthy in NZ.
Whose choice was it to borrow to get an education ? .. certainly not the taxpayers at large for those personal
decisions
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16-06-2022, 03:41 PM
#2187
Originally Posted by dobby41
He looks like a thumb to be honest. Like his mate peter dutton in Aust.
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16-06-2022, 03:42 PM
#2188
Last edited by nztx; 16-06-2022 at 03:46 PM.
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16-06-2022, 03:46 PM
#2189
Originally Posted by fungus pudding
Most high net worth individuals will.
Fun---, please qualify "high net worth individuals ", is that someone who owns a house ?
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16-06-2022, 03:48 PM
#2190
Originally Posted by Panda-NZ-
Such entitlement when young people pay 50% when including gst and student loan repayments.
We need capital based taxes on the wealthy in NZ.
Panda, Please qualify what is and who are the " wealthy " sums please ?
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