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  1. #2301
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    Quote Originally Posted by TeslaGod View Post
    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.

  2. #2302
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    deleted deleted

  3. #2303
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    Quote Originally Posted by dobby41 View Post
    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 01:55 PM.

  4. #2304
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    Quote Originally Posted by TeslaGod View Post
    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
    Quote Originally Posted by TeslaGod View Post
    The LTC has tax obligations , I don't.

  5. #2305
    Senior Member TeslaGod's Avatar
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    Quote Originally Posted by dobby41 View Post
    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%

  6. #2306
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    Quote Originally Posted by TeslaGod View Post
    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 02:32 PM.

  7. #2307
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    Quote Originally Posted by fungus pudding View Post
    A LTC will not save you from that marginal tax rate if the income is there.
    I don't earn an income.

  8. #2308
    Senior Member TeslaGod's Avatar
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    Quote Originally Posted by TeslaGod View Post
    I don't earn an income.
    Working for an income is sooo 1998

  9. #2309
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    Quote Originally Posted by TeslaGod View Post
    Working for an income is sooo 1998
    If you or your LTC earn an income, one or the other will pay tax.

  10. #2310
    Senior Member TeslaGod's Avatar
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    Quote Originally Posted by fungus pudding View Post
    If you or your LTC earn an income, one or the other will pay tax.
    Tell that to my accountant.

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