Comments on: Tax cut bizzaro world

By: SPC

SPC — Mon, 15 Mar 2010 11:21:51 +0000

Property investors are providing some of the money for the income tax cuts.

Estimates of the gains people make based on tax cuts greater than the hiked GST – do not take account of possible higher rent costs.

By: tc

tc — Sun, 14 Mar 2010 23:51:13 +0000

Quite Vivienne…..that’s $50m made as a banker/currency trader and haven’t those professions proven to be honest hardworking philanthropic folk who have the holistic interests of society at their core values…..we’re so screwed if they blag another term.

By: Vivienne

Vivienne — Sun, 14 Mar 2010 19:41:49 +0000

Many people especially those who are blue have not yet become aware that The Emperor has no clothes on. They are blinded by the fact he has $50million and thus he can be trusted and is very knowledgeable and will never do anything nasty to another human being, the environment or the economy. Go figure!

By: tc

tc — Sun, 14 Mar 2010 17:49:06 +0000

Talkin to me Freedom? Stratos TV, about the last week or so In february on Beatson’s regular section, came across it channel surfing. Both Goff/Key were on separately….Phil’s uninspiring…..Blinglish simply arrogant and Beatson gaving him the old 1-2 and made you realise how pathetic the msm are.

By: freedom

freedom — Sun, 14 Mar 2010 08:17:30 +0000

or you could stay and help take your country back

By: infused

infused — Sun, 14 Mar 2010 07:53:55 +0000

Time to skill up or move to aussie then eh?

By: Jim Nald

Jim Nald — Sun, 14 Mar 2010 06:52:17 +0000

So the 15% GST hike will actually make most of us worse off

By: freedom

freedom — Sun, 14 Mar 2010 04:42:22 +0000

i would like a date/source on this please. thanks

By: tc

tc — Sun, 14 Mar 2010 01:29:04 +0000

More unsubstantiated slogans they get away with…..beatson nailed blinglish on this simple question “have you done any research on how much GST is bourne by middle/lower incomes groups..” Blinglish’s reply ‘No’….then how on earth can you claim you’ve got in covered via tax/welfare/pension tweaks.

It’s such a basic concept but as you can see, no interest from the Nats if those are worse off, just guess a value/give out a token and laugh all the way to the bank.

By: spot

spot — Sun, 14 Mar 2010 01:11:06 +0000

Bill

Only other range less was an “under $19.6k” which had Cut of $8, GST inc. of $7 for net $0.

Cut assumptions – 12.5% to 10%, 21% to 19%, and 38% to 33%.

By: r0b

r0b — Sat, 13 Mar 2010 23:57:35 +0000

Recall also that most New Zealanders have incomes that are well below the average wage.

http://www.thestandard.org.nz/the-rights-blindness-towards-middle-new-zealand/

“The vast majority of New Zealanders” are going to get 3/5 of bugger all from these changes.

By: Bill

Bill — Sat, 13 Mar 2010 23:55:48 +0000

So the $5 and $10 figures in the post should be $18 and $24 respectively?

Okay.

But the GST costs giving a $5 to $10 gain seem to be based on 2007 household costs.

“Lifting the tax to 15% will add $21.25 to the average weekly household bill.

In 2007 the average Kiwi household spent around $950 a week, including groceries, fuel, clothing and healthcare, around $106 of which was GST”.

I haven’t done the sums, but why else have that paragraph referring to 2007 expenditure following directly after the $21.25 increase to household bills if it doesn’t form the basis for the GST calculation?

Also, can somebody post the figures for the average wage? $25K ish?

By: Ms X

Ms X — Sat, 13 Mar 2010 23:50:19 +0000

Why would they do it if it was ‘fiscally neutral’? Or if the average person was better off? Does anyone actually believe them?

By: Lanthanide

Lanthanide — Sat, 13 Mar 2010 23:49:22 +0000

Yeah, seems pretty straight forward that the first figure is the net difference of the whole package (being a net increase), while the GST part is talking only about the gross reduction portion of the package.

By: spot

spot — Sat, 13 Mar 2010 23:32:24 +0000

Online article is missing the table included in the paper (page A2), figures sourced via NZIER.

$37-49K has a cut of $18, a GST inc. of $14, “in the pocket” of $5
$49-62k has a cut of $24, a GST inc. of $15, “in the pocket” of $10