National - FFS!

[Blue Skies]

The thing you haven't picked up on is that 1. this isn't about Luxon, it's about EVERY earner paying less tax by fairer tax thresholds linked to CPI, and 2. strangely you choose the number $18,000 when Luxon's tax payable is unknowable, unless you know his total taxable income.

So where did you get $18,000 from, just make it up, parroting some journalist? Show us your workings.

You serious BB ?
Let me explain. It's an exercise to illustrate the consequences of policy.
You didn't seem to know National plan to scrap the 39% top tax rate on income over $180,000.

Now the PM' s salary is set at $471,049 so the PM & anyone on that salary will save $18,500 per year if National's tax policies with adjusted tax bands are applied & that top tax rate is scrapped.

By comparison anyone on an average income of $55,000 will save $800 in tax and someone on $45,000 will get about $112.

If you were Minister of Finance would you use that tax revenue to give someone like Luxon (if he becomes PM ) who says he doesn't need it an extra $18,000,
or would you do something like allocate that $18,000 tax revenue to, $6,000 towards nurses pay, $6,000 to Police budget & $6,000 tax credit to a hard working low income family with 2 children struggling with the cost of living?
Ask yourself, where's it going to give the most benefit for the country ?


Not only that, but he's going to have to borrow, increase our debt to do it. There's no way he can find $6 billion to pay for it without major cuts to either Health, Education or Social Services.


https://www.newshub.co.nz/home/polit...-minister.html

[Baa_Baa]

You serious BB ?
Let me explain. It's an exercise to illustrate the consequences of policy.
You didn't seem to know National plan to scrap the 39% top tax rate on income over $180,000.

Now the PM' s salary is set at $471,049 so the PM & anyone on that salary will save $18,500 per year if National's tax policies with adjusted tax bands are applied & that top tax rate is scrapped.

Well, despite Nicola saying the $180k tax rate will be scrapped, it's odd then that National propose the very same rate, unchanged, in their new tax rates https://assets.nationbuilder.com/nat...pdf?1646515541

So you admit that your $18k for Luxon is wrong, firstly because he's not the PM on $471k, and secondly he has a far larger taxable income than his Opposition salary. And it's unknowable as no one knows his taxable income. Just another soundbite from the indoctrinated Labourites.

Anyway, I'll leave you with the thought that imo more NZ'rs would prefer to have less tax, more money in their pocket that they have discretion over, than tax tax tax the Labour route and more and more handouts handouts handouts to those who don't or can't work, paid for by excessive taxes.

"No more taxes", "most transparent government ever". Bald face liars. It will be their undoing. Trust Labour with the country purse, yeah right, there's Tui Ad right there.

[Balance]

Study hard, work hard and save hard.

Arden & her mob will tax the hell of you to redistribute to those who don’t.

Labour has zero idea how to create wealth but sure knows how to tax the heck out of those who do and spend, spend with zero accountability and results.

Solution - migrate to Australia which more & more NZers are doing.

[Baa_Baa]

Study hard, work hard and save hard.

Arden & her mob will tax the hell of you to redistribute to those who don’t.

Labour has zero idea how to create wealth but sure knows how to tax the heck out of those who do and spend, spend with zero accountability and results.

Solution - migrate to Australia which more & more NZers are doing.

I'm worried that my son, only 19, might never come back to NZ to work or build a life, hopefully he might visit us from time to time. Why would he work here? He got a 50% increase in salary on day one in Melbourne, fat bonuses already banked and is looking to an adventure in the UK. Might never come back to work or live here, the Kiwi dream seems to be over under this oppressive government taxing taxing taxing. Why work or live here?

"no new taxes", "most transparent government ever".

Lies, all of it has been lies. Despicable, driving our younger generation out of the country in search of prosperity as there is no chance for them here under the current regime.

[Panda-NZ-]

The thing you haven't picked up on is that 1. this isn't about Luxon, it's about EVERY earner paying less tax by fairer tax thresholds linked to CPI, and 2. strangely you choose the number $18,000 when Luxon's tax payable is unknowable, unless you know his total taxable income.

So where did you get $18,000 from, just make it up, parroting some journalist? Show us your workings.

Raise our wages rather than rely on this tax cut and income subsidy crap (the govt gets more income tax this way, rather than loses revenue ). I think we've done enough WFF, family tax credits, accommodation supplements etc.

The Fair pay agreements proposal by this govt is a start along with encouraging productivity by restricting immigration.

[Panda-NZ-]

With higher wages, you can increase funding to health, rather than cut it under the alternative idea.

[fungus pudding]

You serious BB ?
Let me explain. It's an exercise to illustrate the consequences of policy.
You didn't seem to know National plan to scrap the 39% top tax rate on income over $180,000.

Now the PM' s salary is set at $471,049 so the PM & anyone on that salary will save $18,500 per year if National's tax policies with adjusted tax bands are applied & that top tax rate is scrapped.

Progressive tax rates contribute much more to the range of salaries. IOW there is little point in giving someone on 39% marginal tax a 10,000 increase, wheres someone on a lower rate will pocket a lot more - so the 10k increase for the higher paid, creeps up to 15k'
A flat tax rate is fairer all round and will reduce the gap between the avarage income and the higher salaries. Downside is it starts the bleating from the envious - who can't see they are screwing themselves.

[ynot]

I'm worried that my son, only 19, might never come back to NZ to work or build a life, hopefully he might visit us from time to time. Why would he work here? He got a 50% increase in salary on day one in Melbourne, fat bonuses already banked and is looking to an adventure in the UK. Might never come back to work or live here, the Kiwi dream seems to be over under this oppressive government taxing taxing taxing. Why work or live here?

"no new taxes", "most transparent government ever".

Lies, all of it has been lies. Despicable, driving our younger generation out of the country in search of prosperity as there is no chance for them here under the current regime.

Hats off to your son Baa Baa. For many young kiwis this is the best decision they may ever make.

[Blue Skies]

I'm worried that my son, only 19, might never come back to NZ to work or build a life, hopefully he might visit us from time to time. Why would he work here? He got a 50% increase in salary on day one in Melbourne, fat bonuses already banked and is looking to an adventure in the UK. Might never come back to work or live here, the Kiwi dream seems to be over under this oppressive government taxing taxing taxing. Why work or live here?

"no new taxes", "most transparent government ever".

Lies, all of it has been lies. Despicable, driving our younger generation out of the country in search of prosperity as there is no chance for them here under the current regime.

Please, in reality NZ does not have a high taxes compared to other OECD countries. It's lower wages here that's the problem.

In the UK even after Liz Truss's new top tax rate kicks in they are paying 40% on income over 50,000 UK pounds or NZD $100,000.
And the UK still has one of the lower top tax rates out of all European Countries with most EU countries having a top tax rate between 45% & 55%.

Australia's top tax rate is 45% on income over $180,000.

Ours is 39% on income over $180,000 & National disingenuously say we have too drop it to 33% to be competitive.
And unlike Australia & UK we don't have a CGT or Stamp Duty on property.

Our top tax rate is considerably below the UK, Australia, Japan, Canada, France, Ireland, US, Germany, Netherlands, Denmark, Sweden, etc.

Lower wages are the problem but National want to do away with Fair Pay agreements, fight Minimum Wage increases & import cheap migrant labour.
And the UK economy is a disaster, inflation at 10% & forecast to get to 13% by the Bank of England.
There's a fair number of people returning to NZ saying they can't believe how bad the moaning is here, & people don't realise just how bad things are in other countries.

[Baa_Baa]

Sobering stuff, when you see all the new Labour taxes in a list. Labour said and got elected on "No new taxes", "most transparent government ever". Tui Ad.

DELIVERING TAX RELIEF

More taxes and more spending leave everyone worse off. Unlike Labour, National believes Kiwis should keep more of what they earn.

Labour’s only approach to the economy has been to spend, spend, spend. And instead of finding savings or eliminating waste, Kiwis are being hit by a never-ending tide of new taxes.

And with inflation running rampant, everyone is being pulled into higher tax brackets, despite not being any better off. Kiwis are running faster only to keep falling further behind.

Unlike Labour, National trusts Kiwis to spend their own money better than the Government. That’s why we believe everyone should keep more of what they earn.

In just the past five years, Labour has dreamed up seven new taxes – and National will reverse them all:

• The Regional Fuel Tax in Auckland.
• A Light Rail Tax for Aucklanders.
• The 10-year bright-line test extension.
• The Tenant Tax removing interest deductibility on rental properties.
• The new 39 per cent top income tax rate.
• The Car Tax punishing anyone who needs a truck or ute.
• The Jobs Tax which targets employees and businesses to subsidise unemployment benefits.

National will present a fully-costed tax plan at the election. As part of this, we are committed to delivering New Zealanders a reduction in income taxes, including indexing tax thresholds for inflation.

Details of the plan we proposed earlier this year can be found here. This is what we will deliver at a minimum. We will take into account the economic and fiscal conditions at the election and if we can go even further in providing Kiwis with tax relief, we will.