-
29-09-2021, 02:17 PM
#2301
Originally Posted by TeslaGod
Tell me something I don't know dobby41
Well, that went around in a circle?
So you have tax obligations and your company doesn't.
-
29-09-2021, 02:30 PM
#2302
-
29-09-2021, 02:52 PM
#2303
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.
Last edited by TeslaGod; 29-09-2021 at 02:55 PM.
-
29-09-2021, 03:08 PM
#2304
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
Originally Posted by TeslaGod
The LTC has tax obligations , I don't.
-
29-09-2021, 03:25 PM
#2305
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
#2306
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.
Last edited by fungus pudding; 29-09-2021 at 03:32 PM.
-
29-09-2021, 03:29 PM
#2307
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
#2308
Originally Posted by TeslaGod
I don't earn an income.
Working for an income is sooo 1998
-
29-09-2021, 03:34 PM
#2309
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
#2310
Originally Posted by fungus pudding
If you or your LTC earn an income, one or the other will pay tax.
Tell that to my accountant.
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks