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View Poll Results: Should there be a Capital Gains Tax on Property

Voters
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  • No

    213 100.00%
  • Yes

    74 56.49%
  • Goff is just an idiot

    2,147,483,658 100.00%
  • Epic fail for Labour

    1,935 100.00%
Multiple Choice Poll.
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  1. #411
    IMO
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    Many do just that ,thats a cert.
    A set of cake knifes coming your way

  2. #412
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    Quote Originally Posted by Joshuatree View Post
    Good riddance to dodgy rip off tax avoiding users. A clean out of the trough is great.
    Are you implying the top 20% are tax dodgers? Have a reality check. We live in a globalised economy where currency flows freely. Should NZ be at the forefront of discouraging foreign investment? I'm not hopeful there's enough domestic $ to shake a stick. Anotherwords, can NZ survive without investment from abroad (albeit $ that is dirty or clean) ?

    As 777 implied - not all rich people are out to rip off the system. I would say it would be a very very small %. If the farming operations of NZ were operating at a loss, i'm sure the results would be reflected well on Fonterra's books - it's just not the case.

  3. #413
    IMO
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    Not all rich people are out to rip off the system but enough are and they employ experts to do just that with loopholes etc etc. Fact.

  4. #414
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Joshuatree View Post
    Not all rich people are out to rip off the system but enough are and they employ experts to do just that with loopholes etc etc. Fact.
    People are not better or worse depending on their bank balance. There is a certain percentage of people trying to rip of the system, and this percentage does not change whether they are rich (tax avoidance) or poor (tax and benefit fraud). Plenty of poor people like to work without paying taxes "you don't need a tax receipt - do you?" - not different to a rich (wo)man trying to hide their income overseas. Not sure about the non-performers, though - they might be worse in terms of ripping off the system.

    This constant rich people bashing is revolting and dumb. How do you think our (not so) Santa (but) Taxinda is paying all the lollies she distributed if the people paying the tax are going away?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  5. #415
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    Quote Originally Posted by Joshuatree View Post
    Not all rich people are out to rip off the system but enough are and they employ experts to do just that with loopholes etc etc. Fact.
    If a loophole exists it is perfectly legal to use it. It is not ripping off anything or anyone. It would be plain daft not to apply tax law to the best advantage, whether you are rich or poor.

  6. #416
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    Quote Originally Posted by Joshuatree View Post
    Many do just that ,thats a cert.
    A set of cake knifes coming your way
    Another moronic reply from you.

  7. #417
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    Share a little before you go it will come back in spades. Cake knives your way.Learn and use.Never too late to become a giver 777
    Last edited by Joshuatree; 01-03-2019 at 05:37 PM.

  8. #418
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    Quote Originally Posted by Joshuatree View Post
    Share a little before you go it will come back in spades. Cake knives your way.Learn and use.Never too late to become a giver 777
    What has your post got to do with the argument. You simply run off on a tangent to some weird part of your mind. Any way I can't be bothered continuing with this stupid exchange.

    You have just become the second person on my ignore list. Congratulations.

  9. #419
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    Quote Originally Posted by BlackPeter View Post
    People are not better or worse depending on their bank balance. There is a certain percentage of people trying to rip of the system, and this percentage does not change whether they are rich (tax avoidance) or poor (tax and benefit fraud). Plenty of poor people like to work without paying taxes "you don't need a tax receipt - do you?" - not different to a rich (wo)man trying to hide their income overseas. Not sure about the non-performers, though - they might be worse in terms of ripping off the system.

    This constant rich people bashing is revolting and dumb. How do you think our (not so) Santa (but) Taxinda is paying all the lollies she distributed if the people paying the tax are going away?

    More revolting and dumb is your consistently snide comments re the PM as if she is personally responsible for all Labour policy. Criticise the policies not the messenger.

    The discussion is about whether higher income earners should pay more tax and whether CGT should be paid on unearned income. Not about rubbishing rich people.
    In my view NZ at the higher income levels has low taxation compared with other developed countries. As FP says loopholes in taxation are legitimate but wage and salary earners have little access to them. Whether wealthy immigrants are of value to NZ is questionable, A family with a couple of kids is possibly of more value.
    Also I think most of the arguments about CGT have little foundation in fact and are more personal objections to CGT especially seeing nothing has been set in concrete.

    westerly

  10. #420
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    Quote Originally Posted by westerly View Post
    Maximum Tax Rates

    NZ 33% +15% gst
    Australia 45% +10% gst
    USA 50% (37% Fed 13% State)
    UK 47% + 20% vat

    All of these countries except NZ have CGT plus death and property taxes of some sort.

    Their share markets are thriving yet NZ with low taxes is excited because a locally owned port may list some of its shares. The wealthy immigrants buying sheep stations which are then run at a loss for taxation purposes are sure doing a lot for NZ.

    Seems to me the top 20% who supposedly own 80% of the assets have little to complain about in NZ.

    westerly
    May be worth remembering also westerly that about 75% of "taxpayers" in NZ get equal or more from the Government in various subsidies than they pay in tax. So the Government's income is nearly entirely borne by the top 20% of earners and businesses (they also pay most of the GST). It is ridiculous to claim as has been done on this thread that most of them don't pay tax. So I totally disagree with you and suggest they in fact do have something to complain about if their tax burden is to be increased even further.

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