Written By: lprent - Date published: 11:49 am, March 27th, 2024 - 38 comments
Categories: Economy, infrastructure, tax
Tags: New Zealand Initiative, politik
I have to say that writing that title made me wonder about the topsy turvey world. I don't agree with people from New Zealand Initiative often. Mostly I just growl. But Oliver Hartwich who is the Initiative's Executive Director wrote a paywalled piece in …
The top 10% of earners pay 25% of all tax collected in NZ and the lowest 50% pay no net tax at all according to the Treasury (2021) So the rich are pulling their weight if this is correct That is only if you are very selective about considering what taxes...
Superannuation costs remain unaddressed. We used to have 8 workers to tax for each superannuitant. Today we have 2 and falling. Sure and that was completely obvious to me back in 1977 when National Superannuation was instigated by Muldoon. The basic ...
He cared enough to support the IGIS enquiry after he found out in 2020 that there was an issue. GCSB has 'a much different attitude' now - Andrew Little says after foreign op When Little found out about it he was concerned whether the operation was ...
FYI, trolls and the likes have an uncanny habit of outing themselves here, sooner or later. Yeah, a compulsive inability to think for themselves is what I attribute it to. They always wind up sounding a like parrot of something someone else said. Not so ...
Why was there no catch on the use of a name that had already been used? There is a 'catch'. But there isn't a foolproof check on that because people do change 'e-mails' occasionally, and they jump around IPs often. That is human checked by moderators. The...
The only conspiracy here is that the GCSB was very clearly not transparent and open (either with Little or with any previous Minister). Yeah right. Clearly you have been too lazy to read the IGIS report or the RNZ reporting of it. The IGIS report clearly ...
Are you going to ask for comments, not by you, to be removed from the search engine here? Well that isn't going to happen. The only comments and posts that aren't part of the sphinx search engine are private posts and comments on those private posts. ...
You really are a bit of conspiracy nutbar who tends to be completely ignorant of the limits of ministerial control. You also apparently cannot read links or prefer not to in case it destroys your half-arsed and completely incorrect insinuations. He ...
Oh, you mean that she only benefits from profits if some conditions are met. Like she turns 21 or the trust makes too much profit? After all it tends to be pretty wide open depending on the trust document In a discretionary trust, an individual may be ...
I have finished working on the site. Changed the CDN after getting a horrendous bill. This one has a local NZ node. So hopefully it will speed up some page loads and admin functions. Had some difficulties switching DNS and then getting the caching right. ...
Yeah. Kind of ridiculous. We're looking around for a 3 bedroom house at present. Or rather a one bedroom house with two offices. The only reason to do so is to get working space..... I think I should start looking to buy for commercial space in a mixed use...
Basically the rules about tax on property and property usage are completely arbitrary, and follow essentially no rules. I'm pretty sure that I could designate the apartment a rental and claim the deduction by simply charging myself rent. Our apartment is ...
It was worse than that. The NZ First chair of the select committee wanted to change their report after it had been passed to the house for the second reading. The clerk of the house had to inform him that it wasn't possible because of the rules of the ...
I rather suspect that you are blaming the wrong group. Read the post and quotes carefully. Basically the NZ First MP Andy Foster shouldn't be chair of the select committee The chair of the committee, NZ First’s Andy Foster, was informed by the clerk what ...
One is receiving assessable income from the property (the ‘business’), the other is not. It’s a clear and obvious distinction. Ha! you are just claiming a special role for "business" again. That is just an idiotic statement without looking at what makes a...
... start deducting interest from the lprent ltd. The company pays the... rent for lprent because they need me as...
Lots of headlines repeating. Essentially the house prices are .... The housing market seems to be moving sideways but at least picked up last month after a very slow January, economists say. Of course if you remember what last January was like - I do (I ...
Exactly. The primary micro-economic reason to rent is to make a loss (by having a large mortgage and considerable leverage). Then ideally claim the tax loss back against other income. Removing the deduction makes that easier. That allows continual ...
Therefore, house owners who, for whatever reason, have surplus housing, will likely be more motivated to rent out their surplus housing if they see it as a more profitable and less risky option. It hasn't been noticeable in the past in Auckland which ...
Yep. That is how the market reacts to a shortage in supply or a increase in demand. I live in a 60 apartment block of (originally) one bedroom 50-60sq m + 2 garage parks. Brought in there in 1998 because I was tired of having to pay to install ISDN lines (...
Not to mention that the demand is completely artificial because the government are the group that controls immigration and residency. In my long lifetime I have never seen a year with departures exceeding arrivals. What I have seen is that the state ...
You simply haven't bothered to think this through logically (I won't speculate as to why) by exactly the same logic. There is a reason that businesses and income taxes are roughly the same. Exactly the same tax break should also extend exactly the same to ...
I did some cleanup on the layout of the post, mostly because the youtube would show in block mode and will not in classic mode.
Written By: lprent - Date published: 2:06 pm, March 14th, 2024 - 30 comments
Categories: capitalism, Economy, housing, Social issues
Tags: economics, landlords, market failure, rent
I read the statement by our current PM Christopher Luxon about what landlords will do with his plan to reduce their costs from interest rates. I was incredulous that this lummox had ever paid attention during even a basic economics course. Landlords …
:) Sorry I left the post locked. Was in a rush to get down to the appointment to get the newly released covid XBB vaccine after it released on Thursday. On average since the start of the year, we have had at least one or two people per week telling us that...
Site has been having a lot of scanners running against it today. Seems to be slowing it down. I'll change the rules this evening to increase the lockouts to educate the newer bots that it isn't their site. Also looks like there are some new vulnerabilities...
Already underway. I read the judgement this morning. Just has to wait until after I do a meet this afternoon so that my mind is clear.
Took several hours to find an accidentally added empty line in the code that was blocking RSS and some other export options from being easily readable. It was also getting in the way of exporting options for a new theme. Fixed now.
Yeah Dolomedes III appears to be an advocate of "common sense" - when all of history shows that there is no such thing. It is invariably exposed later as a rort and/or scam Which basically means that they consider that they can make up rules about what ...
I do have a talent for getting under the skin of people who don't explain what their underlying rationale for their opinions is.
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