sharetrader
Page 3 of 3 FirstFirst 123
Results 21 to 22 of 22
  1. #21
    Guru
    Join Date
    Feb 2020
    Location
    Nelson
    Posts
    4,504

    Default

    Quote Originally Posted by FTG View Post

    You are right on one thing though Ms Panda. Collins actively advocated for those working hard & earning better, to hand over even more of that money across to the State.
    That would be true even if it's a flat tax.

    Mind you a flat tax would be fairer than what we have if its applied to capital gains and dividends too (ACT says no though.. why might that be).

  2. #22
    Guru
    Join Date
    Feb 2020
    Location
    Nelson
    Posts
    4,504

    Default

    Quote Originally Posted by FTG View Post
    Only 21% of tax payers earn over $70,000, yet pay 68% of all income tax.
    The obvious flaw in this mindlessly repeated statistic.

    Assume a teenager who works part time pays 100% tax on 5k income... 5k paid
    A millionaire pays 1%... 10k tax paid.

    OMG, they pay 66% of all the income tax!
    Last edited by Panda-NZ-; 26-02-2024 at 07:48 AM.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •