Posts Tagged ‘income splitting’

‘Crisis’ but tax cuts for the rich keep coming

Written By: - Date published: 11:00 am, March 23rd, 2011 - 41 comments

The Nats want us to believe there is no other option than massive cuts to government spending. Roughly, a third of the cuts covers the earthquake rebuilding, another third covers the Nats’ tax cuts for the rich, and the last third covers the revenue loss from this neverending recession. So, how come the Nats can afford another round of tax cuts for the rich?

Income splitting – all bad?

Written By: - Date published: 11:41 am, August 25th, 2010 - 23 comments

Can income splitting be made to work? Funding people to stay at home with children isn’t such a bad idea…

More tax cuts for the elite coming

Written By: - Date published: 10:13 am, August 14th, 2010 - 39 comments

The Government is set to announce income splitting. Effectively, it allows a taxpayer to assign part of their income for taxation purposes to their partner on a lower income, the transferred income will be taxed at a lower rate. This will benefit a select group: wealthy nuclear families, especially those with a stay at home parent. An unaffordable, unfair, unnecessary policy.

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