Discussion
So anyone want to guess what Uncle Helen will tell Aunty Michael to put in the budget.
I reckon the surplus will be 'an illusion' and this will be no time to be so fiscally irresponsible to give any tax relief . . . which would only be squandered on consumer spending that would adversely impact the balance of payments.
There will be more for the Cullen Fund.
There will be some really stupid KiwiSaver BS that will be a nightmare for employers to administer.
There will be more 'Bribes for Families' that will try to make a Mum, Dad & two kids (Where 'Mum & Dad' is in no way to be taken as any indication of the gender or preferences of the two parental units) with a joint income of $125,000 plus p.a. a beneficiary.
And millions for central/local government social-housing initiatives.
If I spend 27 weeks in Oz and 25 weeks here each year will I be an Australian tax resident?
I reckon the surplus will be 'an illusion' and this will be no time to be so fiscally irresponsible to give any tax relief . . . which would only be squandered on consumer spending that would adversely impact the balance of payments.
There will be more for the Cullen Fund.
There will be some really stupid KiwiSaver BS that will be a nightmare for employers to administer.
There will be more 'Bribes for Families' that will try to make a Mum, Dad & two kids (Where 'Mum & Dad' is in no way to be taken as any indication of the gender or preferences of the two parental units) with a joint income of $125,000 plus p.a. a beneficiary.
And millions for central/local government social-housing initiatives.
If I spend 27 weeks in Oz and 25 weeks here each year will I be an Australian tax resident?
Well Labour will NEVER EVER give tax cuts.... Labour will only ever give "targeted tax relief" which means more for the working for (other people's ) families scheme.
Labour's plan is to gradually ramp this up over the next couple of years so that those revceiving it become DEPENDANT on it... so that if National think about restructuring it, Labour will work the "you've got no choice, you won't be able to afford to live under National" card.
As Harry Endield once said.... L is for Labour, L is for Lice.
Labour's plan is to gradually ramp this up over the next couple of years so that those revceiving it become DEPENDANT on it... so that if National think about restructuring it, Labour will work the "you've got no choice, you won't be able to afford to live under National" card.
As Harry Endield once said.... L is for Labour, L is for Lice.
Esprit said:
Well Labour will NEVER EVER give tax cuts.... Labour will only ever give "targeted tax relief" which means more for the working for (other people's ) families scheme.
Labour's plan is to gradually ramp this up over the next couple of years so that those revceiving it become DEPENDANT on it... so that if National think about restructuring it, Labour will work the "you've got no choice, you won't be able to afford to live under National" card.
As Harry Endield once said.... L is for Labour, L is for Lice.
Labour's plan is to gradually ramp this up over the next couple of years so that those revceiving it become DEPENDANT on it... so that if National think about restructuring it, Labour will work the "you've got no choice, you won't be able to afford to live under National" card.
As Harry Endield once said.... L is for Labour, L is for Lice.
and
L is for Ludicrous
L is for Leech
L is for Loo - oooser
that's quite fun, I feel better already
The word 'politics' comes from 'poly' meaning many, and 'ticks' meaning small bloodsucking creatures.I think the tax cuts over here were more symbolic than useful- the surplus Australia is running really is insane. Of course, I live in the state with the highest stamp duty in conjunction with the highest house prices (and expensive cars too!) so the income tax doesn't tell the whole story. Thats what you get when you have commies in state govt and conservatives in federal govt.
What sold me on Australia is the fact that I started on 50-70% more than the average NZ engineering graduate, and had 3 pay raises in 3 months at the start of this year.
What sold me on Australia is the fact that I started on 50-70% more than the average NZ engineering graduate, and had 3 pay raises in 3 months at the start of this year.
Consumer spending : put interest rates up to stop people spending lots of money at the shops. OK, what percentage amongst these people who have shed loads of disposable income actually have a mortgage? I suspect it's not going to be 50% (given that there's only 70% of the population who own their own homes) so why should a minority have to be punished for the majority? How many of these people have disposable incomes AND live in Auckland? I know we struggle to just pay the bills so it's not us out spending up large!
The simplistic view of upping interest rates to stop people spending, whilst allowing unchecked foreign investment is foolish in the extreme.
I haven't got a problem with the working income thing even if I don't qualify. At least people qualifying for it are actually working, not claiming benefits. People who stay home to look after their children whilst their partner works don't get anything otherwise and they're not being a burdon on society. IMHO we should be encouraging people to raise their children in this more traditional manner rather than having to leave them in day care so they can make ends meet.
A lot of european countries have a married-man (or woman) tax allowance which wouldn't be a bad idea for all of those with high-rent partners!
Don't get me started on all the fake beneficeries.......
The simplistic view of upping interest rates to stop people spending, whilst allowing unchecked foreign investment is foolish in the extreme.
I haven't got a problem with the working income thing even if I don't qualify. At least people qualifying for it are actually working, not claiming benefits. People who stay home to look after their children whilst their partner works don't get anything otherwise and they're not being a burdon on society. IMHO we should be encouraging people to raise their children in this more traditional manner rather than having to leave them in day care so they can make ends meet.
A lot of european countries have a married-man (or woman) tax allowance which wouldn't be a bad idea for all of those with high-rent partners!
Don't get me started on all the fake beneficeries.......
One of the things that worries me as a young person is how far the average wage in New Zealand is falling behind its OECD, but this is just a reflection of whats going on underneath with little growth in productivity to feed wage increases.
I tend to think that complacency has lead to underinvestment within many companies, they tend to take the view that we are so far from anyone else that no one else could possibly compete (not true of course, as China and other industrialising economies in southeast asia will prove) and that exporting is impossible for the same reasons.
We seem to utilise the capital is available very poorly as well, this is at least in part due to governments protectionist policy that makes it difficult and innefficient for New Zealanders to invest outside of New Zealand. This leads to a situation where business opertunities may not be persued that could potentially bring a lot of money in and create many jobs in the tertiary sector. We tend to use a lot of capital that is available from other countries to fund private property sales which in themselves have no value to the general economy unless a foreign individual or company buys in. Again this is seems largely due to the tax structure regarding realestate.
What are your thoughts on the issue?
I tend to think that complacency has lead to underinvestment within many companies, they tend to take the view that we are so far from anyone else that no one else could possibly compete (not true of course, as China and other industrialising economies in southeast asia will prove) and that exporting is impossible for the same reasons.
We seem to utilise the capital is available very poorly as well, this is at least in part due to governments protectionist policy that makes it difficult and innefficient for New Zealanders to invest outside of New Zealand. This leads to a situation where business opertunities may not be persued that could potentially bring a lot of money in and create many jobs in the tertiary sector. We tend to use a lot of capital that is available from other countries to fund private property sales which in themselves have no value to the general economy unless a foreign individual or company buys in. Again this is seems largely due to the tax structure regarding realestate.
What are your thoughts on the issue?
speedy_thrills said:
We tend to use a lot of capital that is available from other countries to fund private property sales which in themselves have no value to the general economy unless a foreign individual or company buys in. Again this is seems largely due to the tax structure regarding realestate.
And just to add that I think one of the things that would best achieve this is a high rate of capital gains tax through the sale of property (Is this the first time that a PHer has argued for an increase in taxation?). This would make it seem less attractive (think of it as a “market correcting” tax) than it currently is and would free up some capital to be used by other more productive sectors of the economy.
Also maybe some of the taxation gained from this could be used to fund badly needed infastructural development.
jamieheasman said:
. . . A lot of european countries have a married-man (or woman) tax allowance which wouldn't be a bad idea for all of those with high-rent partners! . . .
. . .Just simple incoming-splitting would sort that.
I'd need to enter into a Civil Union with my car . . . costs about as much as a wife & kids
One of the things which annoys me is the age at which the all-knowing government decides to consider you independent of your parents -
If you're working, or a dole bludger, you're adult and independent when you turn 18. (AFAIK even if you still live with them)
If you're a student, no matter how far away from your parents you live, or even if you're married with kids, you're not independent until you're 25.
Why? so they can assess student allowances based on parents income, despite that fact that most students (well most of the ones I know anyway) get minimal if any support from parents, because generally they're being taxed to hell and have other kids to look after too.
And then they even tax me on the pittance of a student allowance I get! and say how worried they are about the 'brain drain', and how lucky we are to have interest-free loans if we don't leave to get better money, and how we should never actually think about anything anyway...
If you're working, or a dole bludger, you're adult and independent when you turn 18. (AFAIK even if you still live with them)
If you're a student, no matter how far away from your parents you live, or even if you're married with kids, you're not independent until you're 25.
Why? so they can assess student allowances based on parents income, despite that fact that most students (well most of the ones I know anyway) get minimal if any support from parents, because generally they're being taxed to hell and have other kids to look after too.
And then they even tax me on the pittance of a student allowance I get! and say how worried they are about the 'brain drain', and how lucky we are to have interest-free loans if we don't leave to get better money, and how we should never actually think about anything anyway...
Edited by GravelBen on Wednesday 16th May 07:08
Just to bring this thread back from the dead, I realised today that I'll be paying noticeably more in tax next year than what I'm getting to live on (from student loan+allowance together) this year!
Thievery I tells you.
http://youtube.com/watch?v=AnxPuidq1qQ
Thievery I tells you.
http://youtube.com/watch?v=AnxPuidq1qQ
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