Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4
86 posts

Master Geek
+1 received by user: 29


  Reply # 1862595 12-Sep-2017 06:42
One person supports this post
Send private message quote this post

They also produced discussion documents for the last two elections based on the Capital Gains Tax. They were capable of doing it then. They are deliberately choosing not to now. 




531 posts

Ultimate Geek
+1 received by user: 46


  Reply # 1862633 12-Sep-2017 09:02
Send private message quote this post

GV27:

 

They also produced discussion documents for the last two elections based on the Capital Gains Tax. They were capable of doing it then. They are deliberately choosing not to now. 

 

 

Perhaps someone could tell us what types of taxes Labour could introduce that could be a problem for some voters.

 

I can think of a few, such as a tax on inheritance money, a tax on share market and other investment gains, a tax on gains from a second home, a tax on gains from investment properties, and a land tax.

 

But there must be quite a few other types of taxes that could be of concern, such as raising the rate of GST which National did. Are there any other types of new taxes that could be of real concern to you or is this really a non-issue?

 

 

 

 


 
 
 
 


152 posts

Master Geek
+1 received by user: 50


  Reply # 1862636 12-Sep-2017 09:06
One person supports this post
Send private message quote this post

Some interesting reading in the NZ Herald from business leaders Several articles

 

here is a link to one of them

 

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11920984


9482 posts

Uber Geek
+1 received by user: 1458

Trusted

  Reply # 1862639 12-Sep-2017 09:17
Send private message quote this post

frednz:

 

GV27:

 

They also produced discussion documents for the last two elections based on the Capital Gains Tax. They were capable of doing it then. They are deliberately choosing not to now. 

 

 

Perhaps someone could tell us what types of taxes Labour could introduce that could be a problem for some voters.

 

I can think of a few, such as a tax on inheritance money, a tax on share market and other investment gains, a tax on gains from a second home, a tax on gains from investment properties, and a land tax.

 

But there must be quite a few other types of taxes that could be of concern, such as raising the rate of GST which National did. Are there any other types of new taxes that could be of real concern to you or is this really a non-issue?

 

 

 

 

 

 

GST is out, Income Tax is out. As I see it, other taxes are targetted, affect a small number, or a few or a reasonable number, but I doubt any other taxes would affect everyone. Although no GST on fruit and veges is I guess is possible




531 posts

Ultimate Geek
+1 received by user: 46


  Reply # 1862640 12-Sep-2017 09:17
Send private message quote this post

gulfa:

 

Some interesting reading in the NZ Herald from business leaders Several articles

 

here is a link to one of them

 

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11920984

 

 

Thanks, this article about why Kiwis are divided about capital gains taxes is also of interest:

 

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11918930

 

Here's an extract from this article:

 

Labour campaigned on a comprehensive capital gains tax in 2011 and 2014 before ditching it when Andrew Little became leader after the 2014 election.

 

The previous policy was a capital gains tax of 15 per cent on housing and other assets, with an exemption for the family home, retirement savings, and small business assets sold to pay for retirement.

 

It would have captured houses held in trusts, and would also have captured farms - except for the main residence and the immediate surrounding land.

 

It might be a bit of a concern if a capital gains tax were to capture houses held in trusts. Farmers would also need clarification of any new Labour taxes that could affect them.


9482 posts

Uber Geek
+1 received by user: 1458

Trusted

  Reply # 1862641 12-Sep-2017 09:19
Send private message quote this post

gulfa:

 

Some interesting reading in the NZ Herald from business leaders Several articles

 

here is a link to one of them

 

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11920984

 

 

Very

 

This is Nationals target market. Echoing the same as the polls, as in " we will accept no tax cuts and we want things brought up to date" Bear in mind that Labours policy includes help for the lower paid with children, so that demographic being the neediest is being assisted


86 posts

Master Geek
+1 received by user: 29


  Reply # 1862662 12-Sep-2017 10:03
Send private message quote this post

tdgeek:

 

gulfa:

 

Some interesting reading in the NZ Herald from business leaders Several articles

 

here is a link to one of them

 

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11920984

 

 

Very

 

This is Nationals target market. Echoing the same as the polls, as in " we will accept no tax cuts and we want things brought up to date" Bear in mind that Labours policy includes help for the lower paid with children, so that demographic being the neediest is being assisted

 

 

And if everyone was earning boardroom level salaries then that would be relevant. They are more than welcome to pay extra voluntary tax if they want, but not all of us have six figure incomes or anything close to it. 

 

Not having a family until I can afford to house and take care of them means that I will distinctly worse off under Labour, which is interesting given Grant Robertson happened to name my income level specifically as "lower earners" in this morning's speeches. So which is it? Either I need a leg up, or I don't.


9482 posts

Uber Geek
+1 received by user: 1458

Trusted

  Reply # 1862667 12-Sep-2017 10:15
Send private message quote this post

GV27:

 

tdgeek:

 

gulfa:

 

Some interesting reading in the NZ Herald from business leaders Several articles

 

here is a link to one of them

 

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11920984

 

 

Very

 

This is Nationals target market. Echoing the same as the polls, as in " we will accept no tax cuts and we want things brought up to date" Bear in mind that Labours policy includes help for the lower paid with children, so that demographic being the neediest is being assisted

 

 

And if everyone was earning boardroom level salaries then that would be relevant. They are more than welcome to pay extra voluntary tax if they want, but not all of us have six figure incomes or anything close to it. 

 

Not having a family until I can afford to house and take care of them means that I will distinctly worse off under Labour, which is interesting given Grant Robertson happened to name my income level specifically as "lower earners" in this morning's speeches. So which is it? Either I need a leg up, or I don't.

 

 

The point is, is that "I always vote National" people are saying this. I believe that lower income families get good help under Labour so the tax cust isn't as issue, but for singles that are low earners you will be worse off. Bill said that so I don't know the numbers or if worse of means worse off or just less gain over others

 

You can vote National, thats the point of an election. Only lower earners should get a tax cut. Should NZ be in a position where everything is fine or getting fine, and the tax take is higher than needed, then an across the board cut


86 posts

Master Geek
+1 received by user: 29


  Reply # 1862712 12-Sep-2017 10:53
Send private message quote this post

tdgeek:

 

 

 

The point is, is that "I always vote National" people are saying this. I believe that lower income families get good help under Labour so the tax cust isn't as issue, but for singles that are low earners you will be worse off. Bill said that so I don't know the numbers or if worse of means worse off or just less gain over others

 

You can vote National, thats the point of an election. Only lower earners should get a tax cut. Should NZ be in a position where everything is fine or getting fine, and the tax take is higher than needed, then an across the board cut

 

 

If only lower earners should get a tax cut, then why - if according to Robertson I am a lower earner - will Labour cancel mine? On top of this, I will also be paying a regional fuel tax because I live in Auckland. It doesn't add up to a very appealing proposition for people without kids, does it? 


9482 posts

Uber Geek
+1 received by user: 1458

Trusted

  Reply # 1862719 12-Sep-2017 11:01
Send private message quote this post

GV27:

 

tdgeek:

 

 

 

The point is, is that "I always vote National" people are saying this. I believe that lower income families get good help under Labour so the tax cust isn't as issue, but for singles that are low earners you will be worse off. Bill said that so I don't know the numbers or if worse of means worse off or just less gain over others

 

You can vote National, thats the point of an election. Only lower earners should get a tax cut. Should NZ be in a position where everything is fine or getting fine, and the tax take is higher than needed, then an across the board cut

 

 

If only lower earners should get a tax cut, then why - if according to Robertson I am a lower earner - will Labour cancel mine? On top of this, I will also be paying a regional fuel tax because I live in Auckland. It doesn't add up to a very appealing proposition for people without kids, does it? 

 

 

No, thats what Bill said. Have you checked Labours policy to see What the numbers are? Worse off might mean 50c. The medium and higher earners get zero, the lower with kids get help. The intention is to get your vote, so they seem to be having the desired effect


796 posts

Ultimate Geek
+1 received by user: 345


  Reply # 1862721 12-Sep-2017 11:05
One person supports this post
Send private message quote this post

The legislated tax cuts are really quite minor. What has been occurring every year as incomes increase is more and more people are finding themselves in a higher tax bracket and this paying more tax. (tax bracket creep). Without adjustment the actual tax take increases each year automatically. So getting tax cuts every few years does go a small way in addressing this, as does Nationals tax cut.

 

I suspect for Labour to fulfill all its promises, especially the free tertiary education, tax will need to be increased beyond simply removing Nationals cuts. 

 

Surely it is reasonable to want to know more detail about Labours taxation policies at an election? Taxing the rich is usually only a gesture, as we all know that usually doesnt generate enough revenue. If more revenue is needed it is always the middle in come earners who suffer the most.


9482 posts

Uber Geek
+1 received by user: 1458

Trusted

  Reply # 1862728 12-Sep-2017 11:21
One person supports this post
Send private message quote this post

Pumpedd:

 

The legislated tax cuts are really quite minor. What has been occurring every year as incomes increase is more and more people are finding themselves in a higher tax bracket and this paying more tax. (tax bracket creep). Without adjustment the actual tax take increases each year automatically. So getting tax cuts every few years does go a small way in addressing this, as does Nationals tax cut.

 

I suspect for Labour to fulfill all its promises, especially the free tertiary education, tax will need to be increased beyond simply removing Nationals cuts. 

 

Surely it is reasonable to want to know more detail about Labours taxation policies at an election? Taxing the rich is usually only a gesture, as we all know that usually doesnt generate enough revenue. If more revenue is needed it is always the middle in come earners who suffer the most.

 

 

Why do you suspect that? If they have more spending they also have a few billion etc from tax cuts.

 

Tax creep has always been an issue and still is. The tax tables should be inflation adjust every year. In periods of low wage increases the creep is much less though

 

Given that the taxes that aren't known are not GST or Income tax you can assume they wont be everywhere and far reaching. It seems those that always vote National see the tax reforms as only tax increases

 

If more revenue is needed then either Labour has too many policies that are not important, or has to catchup.


866 posts

Ultimate Geek
+1 received by user: 311


  Reply # 1863077 12-Sep-2017 22:03
One person supports this post
Send private message quote this post

tdgeek:

 

 

 

You can vote National, thats the point of an election. Only lower earners should get a tax cut. Should NZ be in a position where everything is fine or getting fine, and the tax take is higher than needed, then an across the board cut

 

 

You keep barking up this same tree, but the truth is that kind of statement will never win votes in NZ.

 

Reminds me of this one I read a few months back:

 

 

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this…

 

  • The first four men (the poorest) would pay nothing
  • The fifth would pay $1
  • The sixth would pay $3
  • The seventh would pay $7
  • The eighth would pay $12
  • The ninth would pay $18
  • The tenth man (the richest) would pay $59

So, that’s what they decided to do.

 

The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball.

 

“Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily beer by $20″. Drinks for the ten men would now cost just $80.

 

The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still drink for free. But what about the other six men ? How could they divide the $20 windfall so that everyone would get his fair share?

 

The bar owner suggested that it would be fair to reduce each man’s bill by a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.

 

  • And so the fifth man, like the first four, now paid nothing (100% saving).
  • The sixth now paid $2 instead of $3 (33% saving).
  • The seventh now paid $5 instead of $7 (28% saving).
  • The eighth now paid $9 instead of $12 (25% saving).
  • The ninth now paid $14 instead of $18 (22% saving).
  • The tenth now paid $49 instead of $59 (16% saving).

Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.

 

“I only got a dollar out of the $20 saving,” declared the sixth man. He pointed to the tenth man,”but he got $10!”

 

“Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar too. It’s unfair that he got ten times more benefit than me!”

 

“That’s true!” shouted the seventh man. “Why should he get $10 back, when I got only $2? The wealthy get all the breaks!”

 

“Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax system exploits the poor!”

 

The nine men surrounded the tenth and beat him up.

 

The next night the tenth man didn’t show up for drinks so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!

 

And that, boys and girls, journalists and government ministers, is how our tax system works. The people who already pay the highest taxes will naturally get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.

 

 


86 posts

Master Geek
+1 received by user: 29


  Reply # 1863173 13-Sep-2017 08:08
Send private message quote this post

Looks like there is a big hole in Labour's costings - but it's in National's as well. ATAP has a big funding hole in it and it gets bigger if you throw light rail into the mix.


9482 posts

Uber Geek
+1 received by user: 1458

Trusted

  Reply # 1863176 13-Sep-2017 08:16
Send private message quote this post

GV27:

 

Looks like there is a big hole in Labour's costings - but it's in National's as well. ATAP has a big funding hole in it and it gets bigger if you throw light rail into the mix.

 

 

Once the dust settles, it will be a "we have got more detailed reports and not viable now" Youd have to expect that as both threw too many new policies at us, although some were cheap, sounded good, but would have low take up


1 | 2 | 3 | 4
View this topic in a long page with up to 500 replies per page Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Symantec protects data everywhere with Information Centric Security
Posted 21-Sep-2017 15:33


FUJIFILM introduces X-E3 mirrorless camera with wireless connectivity
Posted 18-Sep-2017 13:53


Vodafone announces new plans with bigger data bundles
Posted 15-Sep-2017 10:51


Skinny launches phone with support for te reo Maori
Posted 14-Sep-2017 08:39


If Vodafone dropping mail worries you, you’re doing online wrong
Posted 11-Sep-2017 13:54


Vodafone New Zealand deploy live 400 gigabit system
Posted 11-Sep-2017 11:07


OPPO camera phones now available at PB Tech
Posted 11-Sep-2017 09:56


Norton Wi-Fi Privacy — Easy, flawed VPN
Posted 11-Sep-2017 09:48


Lenovo reveals new ThinkPad A Series
Posted 8-Sep-2017 14:37


Huawei passes Apple for the first time to capture the second spot globally
Posted 8-Sep-2017 10:45


Vodafone initiative enhances te reo Maori pronunciation on Google Maps
Posted 8-Sep-2017 10:40


Voyager Internet expand local internet phone services company with Conversant acquisition
Posted 6-Sep-2017 18:27


NOW Expands in to Tauranga
Posted 5-Sep-2017 18:16


Windows 10 Fall Creators Update coming Oct. 17
Posted 4-Sep-2017 14:10


Garmin introduce Garmin vivoactive 3
Posted 1-Sep-2017 18:38



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.