web analytics

Spending up large

Written By: - Date published: 11:25 am, March 24th, 2011 - 24 comments
Categories: class, tax - Tags: ,

So what are you gonna do with the 9K of tax cuts you got with your 400K pa job since October? Why not pay 7K to shack up with 65 of the elite and eat a 6 course meal from foreign chefs?… What do you mean you’re not on 400K, you haven’t pocketed 9K in the last 5 months, and price rises ate your ‘tax cut’?  You need a real job.

24 comments on “Spending up large”

  1. higherstandard 1

    Ya know the tax debate on righty blogs and lefty blogs is mostly boring dishonest drivel.

    I’m still waiting for a blog to put up a table of individuals income and the tax paid on that income after WFF and the like, along with the total government tax take and where the various proportions come from – than let’s all have real debate about where the country needs to go in terms of where the government should be getting its revenue from.

    • Lanthanide 1.1

      “than let’s all have real debate about where the country needs to go in terms of where the government should be getting its revenue from.”

      The government should be getting it’s revenue from:
      1. Capital gains tax
      2. A populace whose median full time wage is $40,000, instead of $27,500.

      Pretty easy.

    • Bunji 1.2

      That’s an enormously complicated table hs.

      Keith Ng probably has come closest with is pies. Needs Flash.

    • Bright Red 1.3

      I don’t get it. Is HS arguing that Key really really really needed $9,000 of tax cuts on his PM salary in five months alone and is putting it to good use or isn’t he?

    • Peter 1.4

      This is interesting

      http://www.treasury.govt.nz/budget/2007/taxpayers/01.htm

      The few appear to pay for the many.

      • Blondie 1.4.1

        Um, that’s 2007? PRE tax cuts and GST rises?

        Think things are kinda different nowadays…..

        • Peter 1.4.1.1

          Agreed, but I would be very surprised if the big picture is really much different. The contribution of the top 10% of earners is something like 40% of the tax take. I doubt if its dropped to something less than 35%.

          Meanwhile I am trying to get an updated stat.

          • Peter 1.4.1.1.1

            That was quick, some very efficient Public Servants.

            They are Budget forecasts so it will be interesting to see how 2011 stack up.
            Without the relatively small percentage of $70000 plus earners a big piece of the tax take disappears!

            Who pays how much? Links below

            Key Facts for Taxpayers 2010

            http://www.treasury.govt.nz/budget/2010/taxpayers/

            Key Facts for Taxpayers 2009
            http://www.treasury.govt.nz/budget/2009/taxpayers

            Key Facts for Taxpayers 2008
            http://www.treasury.govt.nz/budget/2008/taxpayers

            • higherstandard 1.4.1.1.1.1

              Thanks Peter that’s exactly what I was looking for.

              • Peter

                Do The Math Bill – Get Your Napkin Out

                Using the Treasury Information Bill could raise his 5 billion for Christchurch over five years by:

                The top 12%, earning over $70,000 a year, paying $25.00 a week
                The next 53%, earning over $20000 a year, paying $7.00 a week
                The bottom 35% earning less than $20000 would not be levied.

                For the top 12% of wage and salary earners to raise 5 billion over 5 years he would need to levy $51.50 per week – the equivalent of some wine and a few coffees.

                If he does not raise a levy he needs to borrow/print $19,792,000 a week which might be of interest to the future generations he expresses concern for.

                Any takers?

            • KJT 1.4.1.1.1.2

              This proves what we have been saying. The bulk of tax is paid by middle income earners.
              30k to 80k.

              The top 2%, who have grabbed most of the income, pay only 17%.

              • Peter

                Correct, the bulk of tax is paid by those earning 30-80k. 1,178,000 taxpayers pay 10.9 billion. What might be surprising is that 264,000 people earning over 80k pay almost as much at 9.6 billion.

                Those over 80k pay about $36000 on average in PAYE while those under 80k pay about $9000 per head.

                As you point out the top 51000 (2%) people pay 17% of PAYE. They are paying $72000 per person on average, about 8 times as much as the bulk of middle income earners. The are contributing about the same as 400000 middle income earners. If I was a NAct supporter I’d want to know how much more you would want the wealthier people to pay?

                • felix

                  Quite a bit more actually Peter.

                  Needs to be brought into line with the proportion of the nation’s wealth they hold (i.e. quite a bit more than 17%)

      • r0b 1.4.2

        This is interesting

        http://publicaddress.net/onpoint/table-62-rich-pricks-others/

        The few appear to take more than the many.

  2. felix 2

    As CV pointed out the other day, it just shows that Key is an ordinary kiwi who can like totally relate.

    • The Baron 2.1

      And yet relate they do, in far greater proportions than “Who the fuck is that – oh, Phil Goff”, champion of everyman NZ that he is.

      Out of interest, when do you think we will next see the Philin straddling that motorcycle?

  3. Kevin Welsh 3

    Typical RWNJ. Expecting someone else to do the work for you.

    If you feel so strongly about it HS, how ’bout you get off yer arse, do it yourself and submit a Guest Post?

    Capcha: arise – You have the floor HS.

  4. tc 4

    Yet again Sideshow John shows he’s a bloke in touch with average people…..average in his world that is being a world of the wealthy and elite.

    Either says heaps about the image CT are happy to allow portrayed OR little johnny’s doing what he does best which’s whatever he damm well likes.

  5. Samuel Hill 5

    I just want to know where I can get that image that linked me to here of John Key doing some txt speak..

Recent Comments

Recent Posts

  • Saudi sheep deal still stinks
    Documents released today confirm Treasury were not aware of any threat of legal action from a Saudi businessman to justify the Government handing over millions of dollars in taxpayers’ money, Labour MP David Parker says. “Almost $12 million has been ...
    1 day ago
  • Assaults up over the past year
    The Government needs to take a good look at the latest statistics  out today from the Statistics Department that shows there were 3,000 more assaults in 2015-16 than the previous year, says Labour’s Police spokesperson Stuart Nash.  “That  is a ...
    1 day ago
  • More last minute policy from a Government with no housing plan
    Paula Bennett’s policy to fund $9 million worth of support services is much-needed help for the homeless but smacks of yet another last minute, short-sighted and piecemeal decision, Leader of the Opposition Andrew Little says. “Funding services for two years ...
    1 day ago
  • SFO given more info on ex Ministry staffer
    More information on the background and past activities of a former senior Ministry of Transport manager, being investigated for alleged fraud, is coming to light, Labour’s Transport Spokesperson Sue Moroney says. “Today, I have ensured that information on Joanne Harrison’s ...
    1 day ago
  • Petition for free vote on Shop Trading Hours Bill
    “Labour is petitioning the Government to allow National Party MPs to have a free vote over Easter shop trading legislation, says Pacific Island Affairs spokesperson Su’a William Sio.  “The Bill which allows shop trading on Easter Sundays has just had ...
    2 days ago
  • Council must build on heritage, not destroy it
    Auckland Council must move to ensure there are heritage protections in place following recommendations that demolition restrictions be tossed out, Labour’s Arts, Culture and Heritage spokesperson Jacinda Ardern says. The panel considering the Unitary Plan has recommended removing partial protections ...
    2 days ago
  • Numbers of Māori waiting for homes grows
    With the number of Māori households waiting for homes increasing by more than 20 per cent in the past year, it’s time the Māori Party admits its support of the Government’s state house sell-off has made life worse for whānau, ...
    2 days ago
  • Children’s ministry, but only for some
    The Government is stigmatising a whole cohort of young New Zealanders while leaving others behind with its creation of a Ministry for Vulnerable Children, Labour’s Children’s spokesperson Jacinda Ardern says. “Confirmation of the move by Hekia Parata, an acting Minister, ...
    2 days ago
  • QUESTIONS FOR (ORAL) ANSWER – Thursday 28TH OF JULY
    While Parliament might be in recess, there are still plenty of things that Ministers need to answer for. So the Labour team has put together six of the best questions that the Government should be answering today (plus a special ...
    2 days ago
  • Fee fi fo fum…tax swindle comes undone
    At the same time the Government is looking to pump more cash into private schools the IRD is investigating several over a tax swindle which allows parents to falsely claim private school fees as donations and claim a rebate, Labour’s ...
    2 days ago
  • Government scuppers affordability requirements
    The Government must explain why the panel considering Auckland’s unitary plan removed affordability requirements at the behest of the Ministry of Business, Innovation and Employment and Housing NZ, Leader of the Opposition Andrew Little says. “Labour welcomes the Independent Hearing ...
    3 days ago
  • National pushes on with failed state house sell-off
    Merchant bankers, overseas companies and property developers will be lining up to buy 364 state houses in Horowhenua during two days of “market sounding” meetings starting tomorrow, Leader of the Opposition Andrew Little says. “Despite a housing crisis and families ...
    3 days ago
  • QUESTIONS FOR (ORAL) ANSWER- WEDNESDAY 27TH OF JULY
    While Parliament might be in recess, there are still plenty of things that Ministers need to answer for. So the Labour team has put together six of the best questions that the Government should be answering today (plus a special ...
    3 days ago
  • Andrew Little’s International Affairs Speech
    Tena Koutou Katoa Can I begin by acknowledging: Sir Doug Kidd, President, NZ Institute of International Affairs Maty Nikkhou-O’Brien, Executive Director, who did all the organising for today’s event. Labour’s foreign affairs spokesperson David Shearer. Victoria University of Wellington law ...
    3 days ago
  • Inquiry into surgical mesh needed now
    The Government must urgently launch a Ministerial inquiry into surgical mesh after more than 500 patients have lodged claims of complications with the ACC, say Labour’s Health spokesperson Annette King.  “This is the most widespread crisis involving surgical devices in ...
    3 days ago
  • Crime on the increase yet again
    Police Minister Judith Collins’ contention that crime is falling has proven to be wrong yet again, with latest Police statistics showing an increase in most crimes, Labour’s Police spokesperson Stuart Nash says. “Figures for June 2016 show an increase in ...
    4 days ago
  • Major reform of careers and apprenticeships to meet Future of Work
    The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. “Today I am announcing the next Labour Government will commit to a major ...
    4 days ago
  • DOC struggles on the pest front undermine Nats’ predator-free promise
    The Government’s planned predator-free initiative comes at the same time as the Department of Conservation is facing major challenges to keep pest numbers down, says Labour’s Conservation spokesperson Nanaia Mahuta.  “DOC’s annual report shows it failed on 5 out of ...
    4 days ago
  • QUESTIONS FOR (ORAL) ANSWER- TUESDAY 26TH OF JULY
    While Parliament might be in recess, there are still plenty of things that Ministers need to answer for. So the Labour team has put together six of the best questions that the Government should be answering today (plus a special ...
    4 days ago
  • Unfunded CYF a ticking time bomb
    The Ministry of Social Development is sitting on a ticking time bomb with Child, Youth and Family out of pocket by $56 million despite increased demand for its services, Labour’s Children’s spokesperson Jacinda Ardern says. “The new entity that’s replacing ...
    4 days ago
  • Lack of any real funding in predator free proposal
    Predator Free New Zealand is a laudable idea but the Government has not committed any real money into killing New Zealand’s pests, says Labour’s Conservation spokesperson Nanaia Mahuta.  “The $28 million earmarked for this project is just to set up ...
    5 days ago
  • Andrew Little Speech to LGNZ Conference
    Thank you for having me here today. Local Government New Zealand’s work of advocating for New Zealand’s 78 local councils is critical as we upgrade New Zealand’s economy, and make sure it’s delivering for all our people. Whether in Auckland, ...
    5 days ago
  • John Key must sack out-of-depth Trade Minister
    The Prime Minister must sack Todd McClay for failing to do his job as Trade Minister and be on top of a significant potential threat to some of our biggest exporters, Opposition Leader Andrew Little says. “Todd McClay is clearly ...
    5 days ago
  • 45,000 Kiwis sent back to their GPs
    Last year nearly 45,000 Kiwis were sent back to their GPs without getting to see specialists they were referred to, says Labour’s Health spokesperson Annette King. “This is a shocking figure and underlines how far the cut of $1.7 billion ...
    5 days ago
  • Half a million smells like pure cronyism
    The National/ACT Government’s decision to pump hundreds of thousands of taxpayer dollars into a new lobby group to advocate for charter schools shows just how much of a failure their ideological experiment has become, Labour’s Education spokesperson Chris Hipkins says. ...
    5 days ago
  • Select committee changes Kermadec/Rangitāhua Ocean Sanctuary Bill
    Photo by Tom Hitchon Parliament’s Local Government and Environment Committee has made many changes to the Kermadec/Rangitāhua Ocean Sanctuary Bill in response to public submissions, particularly submissions from iwi authorities and Te Ohu Kaimoana.   Read the amended Bill and the ...
    GreensBy Eugenie Sage
    1 week ago
  • Housing map a hit as crisis spreads across NZ
    More than 55,000 New Zealanders have used Labour’s interactive housing map in its first week to see how the housing crisis is affecting their local community, Labour Housing spokesperson Phil Twyford says. “Our innovative map shows the housing crisis is ...
    1 week ago
  • Bridges must come clean about fraud within transport
    Hundreds of thousands of dollars of public money have gone missing and  the Minister of Transport, Simon Bridges must come clean after the Labour party revealed that a senior manager is being investigated for serious fraud, says Labour’s Transport Spokesperson ...
    1 week ago
  • Labour supports Spencer victory
    Labour congratulates Margaret Spencer for her tireless efforts in challenging the Government over family carer rights, says Labour’s Deputy Leader Annette King. ...
    1 week ago
  • US Warship visit welcomed by Labour
    Labour sees the United States warship visit as a red letter day for New Zealand’s non-nuclear status, which is core to our identity and has defined us a nation for 30 years, says Labour’s Deputy Leader Annette King. ...
    1 week ago
  • Time for honest dairy sector conversation
    ...
    1 week ago
  • What next? Dog kennels?
    Social Housing Minister Paula Bennett needs to explain why the Government thinks it is acceptable for it to refer families to live in garages and sheds, says Labour’s Housing spokesperson Phil Twyford. “This is a new low, just when you ...
    1 week ago
  • Banks bust a move, Government possum in the headlights
    Three of the big four banks have acted responsibly by bringing the shutters down on property speculators earlier than required by the Reserve Bank, says Labour’s housing spokesperson Phil Twyford. “It’s a shame the Government isn’t as motivated to act ...
    1 week ago
  • Latest OECD dairy forecast raises serious questions for economy
    The latest global dairy price forecast shows that New Zealand dairy farmers will not reach a break-even payout before 2019 at the earliest, and will not reach the dairy price factored into this year’s Budget until after 2025, Labour’s Finance spokesperson ...
    1 week ago
  • National’s reckless, out of touch approach to economy exposed
    Today’s economic assessment from the Reserve Bank highlights the danger to the New Zealand economy from a National government that is recklessly complacent in the face of a housing crisis and a struggling export sector, Labour’s Finance spokesperson Grant Robertson says. ...
    1 week ago
  • GP’s visits get more expensive
      Visiting the GP is set to become more expensive after the Government ignored warnings that people were not receiving access to affordable  healthcare, says Labour’s Health spokesperson Annette King.  “Over 400,000 New Zealanders who should be able to access ...
    2 weeks ago
  • Farm prices bear brunt of dairy downturn
    The slump in dairy prices that has seen farm prices drop to their lowest level since 2012 and down a third from their peak in 2014 will be of concern to farmers, banks and our overall financial stability, Labour’s Finance ...
    2 weeks ago
  • Reserve Bank “gets on with it”, National carries on in denial
    The proposal by the Reserve Bank to tighten loan to value ratios for investors shows they are prepared to do their bit to crack down on speculators, while National is still stuck in denial mode, Labour’s Finance spokesperson Grant Robertson says. ...
    2 weeks ago
  • Housing crisis holds up interest rate cuts
    The housing crisis that National still wants to deny is stifling the New Zealand economy, says Labour’s Finance Spokesperson Grant Robertson. “The latest Consumers Price Index shows that all prices excluding housing and household utilities decreased 0.5 per cent – ...
    2 weeks ago
  • Housing crisis holds up interest rate cuts
    The housing crisis that National still wants to deny is stifling the New Zealand economy, says Labour’s Finance Spokesperson Grant Robertson. “The latest Consumers Price Index shows that all prices excluding housing and household utilities decreased 0.5 per cent – ...
    2 weeks ago
  • Govt’s state house sell-off ramping up
    Government plans to ramp up the state house sell-off by selling another 1000 houses in 2016/17 will mean more families in need missing out, says Leader of the Opposition Andrew Little. “New figures show the Government plans to sell 1000 ...
    2 weeks ago
  • Govt’s state house sell-off ramping up
    Government plans to ramp up the state house sell-off by selling another 1000 houses in 2016/17 will mean more families in need missing out, says Leader of the Opposition Andrew Little. “New figures show the Government plans to sell 1000 ...
    2 weeks ago
  • National must reassure exporters on dumping case
        The National Government needs to show our key exporters that they are in control of any anti-dumping case against China before it damages some of our most important industries, Labour’s Finance spokesperson Grant Robertson says.     ...
    2 weeks ago
  • National must reassure exporters on dumping case
        The National Government needs to show our key exporters that they are in control of any anti-dumping case against China before it damages some of our most important industries, Labour’s Finance spokesperson Grant Robertson says.     ...
    2 weeks ago
  • Papers describe litany of incredulity
    Treasury documents which slate the Government’s plans for a national bowel screening programme confirm the proposal was nothing more than a political stunt to cover up underfunding of the health sector, Labour’s Health spokesperson Annette Kings says.  The papers were ...
    2 weeks ago
  • Effect of rampant house prices widens
    The latest house price figures from REINZ show the housing crisis expanding throughout the country, says Labour’s Housing spokesperson Phil Twyford. “We are seeing steep increases in median house prices in Central Otago Lakes – up 42.4% in the last ...
    2 weeks ago
  • Public invited to have say on homelessness
    People who are homeless, those who were once homeless, those working with the homeless and concerned New Zealanders are being asked to share their experiences and solutions to this growing issue with the Cross-Party Homelessness Inquiry. This inquiry was launched ...
    2 weeks ago
  • Sorry seems to be the hardest word
    An apology from Hekia Parata to the people of Christchurch is long overdue, Labour's Education spokesperson Chris Hipkins says. "As if the earthquakes weren't traumatic enough, Hekia Parata and the Ministry of Education then attacked the one thing that had ...
    2 weeks ago
  • Housing crisis affecting more than 98 per cent of NZ
    Labour’s new housing map shows the housing crisis is now affecting more than 98 per cent of New Zealand, Leader of the Opposition Andrew Little says. “Housing pressures have seen house prices rise faster than wages in all but four ...
    2 weeks ago
  • Uber might not be a taxi firm but it must pay tax
    Uber needs to explain how it paid only $9000 in tax when it earned $1m in revenue and is one of the fastest growing companies in the country, says Labour’s Finance spokesperson Grant Robertson. “Uber New Zealand appears to be ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere