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Jobseeker numbers are going down since we have a strong economy under labour & you would hope that there are experts advising the govt.
Last edited by Panda-NZ-; 10-02-2023 at 09:23 AM.
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 Originally Posted by Panda-NZ-
Jobseeker numbers are going down since we have a strong economy under labour & you would hope that there are experts advising the govt.
Same experts who advised Hipkins and Labour on Kiwibuild, emergency housing, child poverty and the bike bridge to nowhere.
What about Luxon not paying any tax according to you?
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Originally Posted by blackcap
I remember a time when our tax rates were similar (although different) when I was fresh eyed out of Uni and new grads started on $29,000 per annum. That is $15 per hour give or take. We were in the tax bracket below 30% or 33% or whatever it was. Now days, straight out of uni and you are already in the 30% bracket. That is just sillyness. The amounts need to be adjusted pronto. I would suggest:
0-$25 0%
$25k-$80K 17.5%
$80k-$200k 33%
$200k+ 39%
That would make things simpler (eliminating the stupid 30% and 33% rates and combining in one and realign for the effects of inflation.)
It would be a start Blackcap, but realistically, even that is just 'tinkering'. If we keep doing the same stupid things, we are going to keep getting the same stupid outcomes. As a country we need to be bold, brave, innovative & revolutionary with our fiscal set-up. As dramatic as it sounds, the harsh reality is we are on the slow, winding, bumpy pathway to Banana Republic status; if we aren't careful.
- "Flatten the (tax bracket) Curve".
- Standardise Individual, Company & Trust tax rates (& Lower!)
- Implement a Gross Revenue/Turnover Tax which will capture ALL economic activity. Which through implication will also capture 'capital gains' for non-productive transactions, e.g. casual residential property speculators.
Last edited by FTG; 10-02-2023 at 07:15 PM.
Success is a journey AND a destination!
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Originally Posted by iceman
The bracket creep over the last few years means we are literally getting income tax increases each year. It is getting ridiculous that an average salary for a person 2-3 years out of Uni is hitting the top tax rate, the one introduced to "tax the rich".
Even worse is the fact that someone working full time on the minimum wage and a few hours of OT a year, is about to hit the 30% tax rate.
So maybe it is time to seriously cut out wastage in the system and there is plenty to select from.
I agree that govt does rely on sly income tax increases by virtue of bracket creep, which is worse in a high inflationary environment. Increasing income tax also does not get to the rich, it just gets those who produce productive taxable incomes. To increase taxes from the “rich”, NZ would need to overhaul its tax system and introduce new taxes. Neither of the major parties have the stomach to do that.
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Originally Posted by blackcap
I remember a time when our tax rates were similar (although different) when I was fresh eyed out of Uni and new grads started on $29,000 per annum. That is $15 per hour give or take. We were in the tax bracket below 30% or 33% or whatever it was. Now days, straight out of uni and you are already in the 30% bracket. That is just sillyness. The amounts need to be adjusted pronto. I would suggest:
0-$25 0%
$25k-$80K 17.5%
$80k-$200k 33%
$200k+ 39%
That would make things simpler (eliminating the stupid 30% and 33% rates and combining in one and realign for the effects of inflation.)
It is ridiculous when starter salaries are already in higher tax brackets, while in the meantime property owners can receive untaxed capital gains from their homes and investment properties worth more than annual salaries. Do many of our young need to become exiles to get ahead whilst they wait to inherit their parents properties?
Last edited by Bjauck; 10-02-2023 at 11:31 AM.
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Originally Posted by Bjauck
It is ridiculous when starter salaries are already in higher tax brackets, while in the meantime property owners can receive untaxed capital gains from their homes and investment properties worth more than annual salaries. Do many of our young need to become exiles to get ahead whilst they wait to inherit their parents properties?
As Clueless Cindy is now politically a smelly corpse, her captain's call to can CGT is now invalid.
Why is Hipkins not pushing for the CGT to be introduced?
Or is he waiting for after the election to announce its introduction, win or lose?
Despicable hypocrite is the chip of Ardern block.
Last edited by Balance; 10-02-2023 at 11:55 AM.
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Originally Posted by Panda-NZ-
Jobseeker numbers are going down since we have a strong economy under labour & you would hope that there are experts advising the govt.
Yes they are slowly trending down after the huge spike in 2020-2021. But what you forget to mention is that they are still much higher than they were in 2019. That's despite job vacancies everywhere. Jobseeker support should be limited to 3 months,.
Last edited by iceman; 12-02-2023 at 09:04 AM.
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Originally Posted by iceman
Yes they are slowly trending down after the huge spike in 2020-2021. But what you forget to mention is that they are still much higher than they were in 2019. That's despite job vacancies everywhere. Jobseeker support should be limited to 3 months,.
Labour is the party which breeds beneficiaries - the more the better as they get hooked on welfare and stay Labour voters.
"Study hard, work hard and save hard so we can take from you to give to those who don't." Labour
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Originally Posted by Balance
Labour is the party which breeds beneficiaries - the more the better as they get hooked on welfare and stay Labour voters.
"Study hard, work hard and save hard so we can take from you to give to those who don't." Labour
The parrot is rattling his cage again.
westerly
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