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| Thread ID: 107690 | 2010-02-26 03:38:00 | screw the pensioners | tut (12033) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 861664 | 2010-02-26 22:55:00 | I am not a maths wizard so this might be wrong but if my pension is $300/week of which I spend every cent of that, then with GST at 12.5% I donate to the Government $37.50 I have purchased good to the value of $262.50 If my pension is increased by 2% I now get $306. When GST goes up to 15% then I donate to the government $45.90 I have purchased goods to the value of $260.10. A net loss of $2.40 in my spending power. And of course the costs of all goods will rise Screw the pensioners Your figures are slightly wrong. At $300 per week, you give the Govt $33.33 ($300/1.125), at 12.5%, and therefore, purchased $266.67 in pre-GST prices. To compensate for an increase to 15% GST, you need an increase of $6.67, (or 2.22%). $266.67 +15%=$306.67. Therefore increase required is $6.67. $6.67/$300=.022235, or 2.22%. I think the PM said "a bit over 2%". What I can't see why a one off rise of about 2%, isn't cancelled by maintaining the rate @ 66% of averge after tax income. |
Brucem (8688) | ||
| 861665 | 2010-02-27 00:35:00 | You have just successfully highlighted why I chose to retire in Australia - Australian retirees don't pay tax on their first $13,500 income (for a couple $27,000) - The Australian aged pesnion is means tested, and is abated on a sliding scale as personal income increases, but this is fair enough why should the taxpayer dole out money to those who have sufficient resources to live comfortably - also while there are problems here with health services, at least as a pensioner one can get into a public hospital if one needs treatment. | KenESmith (6287) | ||
| 861666 | 2010-02-27 00:43:00 | The concept of age moves as you grow older. Most of the people I have met that are significantly richer than I have either worked a lot harder. No, you know when you are old. It sneaks up on you and then suddenly one day you get up and think, OMG. Health may hasten that affect...... As for rich people working harder or whatever. Some. Some on the other hand have done it through nefarious means. I've met one or two of those. You don't like thieves either? Well one of them comes into that category as well, thief is a bit of technical term, semi-legal theft was involved. |
pctek (84) | ||
| 861667 | 2010-02-27 00:44:00 | The concept of age moves as you grow older . Most of the people I have met that are significantly richer than I have either worked a lot harder . No, you know when you are old . It sneaks up on you and then suddenly one day you get up and think, OMG . Health status may hasten that affect . . . . . . As for rich people working harder or whatever . Some . Some on the other hand have done it through nefarious means . I've met one or two of those . You don't like thieves either? Well one of them comes into that category as well, thief is a bit of technical term, semi-legal theft was involved . |
pctek (84) | ||
| 861668 | 2010-02-27 01:17:00 | Your figures are slightly wrong. At $300 per week, you give the Govt $33.33 ($300/1.125), at 12.5%, and therefore, purchased $266.67 in pre-GST prices. To compensate for an increase to 15% GST, you need an increase of $6.67, (or 2.22%). $266.67 +15%=$306.67. Therefore increase required is $6.67. $6.67/$300=.022235, or 2.22%. I think the PM said "a bit over 2%". What I can't see why a one off rise of about 2%, isn't cancelled by maintaining the rate @ 66% of averge after tax income. John Key has not quantified anything much in the speech to Greypower. I am told that the average wage is now $46,000 gross BTW so why is my gross $18,954? Note also that pensioners get an annual cost of living allowance normally on the 1st April each year and note this is after the prices have already gone up. For me I'm prepared to wait and see what happens rather than screaming before the event. Key has not quantified the actual outcomes of the proposals at this time so therefore we can all sit around and speculate. |
Sweep (90) | ||
| 861669 | 2010-02-27 01:53:00 | Better get off your chuff and start driving trucks again. | prefect (6291) | ||
| 861670 | 2010-02-27 02:01:00 | Better get off your chuff and start driving trucks again. OK. Where and when do I start? |
Sweep (90) | ||
| 861671 | 2010-02-27 06:12:00 | I am working on the theory and hope I will get a massive heart attack and die early so I dont have to be old and live on a pension.There may be others who agree with you. | Greg (193) | ||
| 861672 | 2010-02-27 08:10:00 | You have just successfully highlighted why I chose to retire in Australia - Australian retirees don't pay tax on their first $13,500 income (for a couple $27,000) - The Australian aged pesnion is means tested, and is abated on a sliding scale as personal income increases, but this is fair enough why should the taxpayer dole out money to those who have sufficient resources to live comfortably - also while there are problems here with health services, at least as a pensioner one can get into a public hospital if one needs treatment. In the UK there's a similar system but it applies to everyone... you don't pay any tax on the first GBP6475, this goes up to 9490 if you are 65-74 then 9640 for 75+. The State Pension isn't means tested but you don't get the max. unless you've made National Insurance contributions for 40 years. So even if you're a multi-millionaire you get it if you've paid into it. Martynz |
martynz (5445) | ||
| 861673 | 2010-02-28 23:08:00 | I am told that the average wage is now $46,000 gross BTW so why is my gross $18,954? Because you are less than average! |
SolMiester (139) | ||
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