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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 | ||
| 861634 | 2010-02-26 03:38:00 | 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 |
tut (12033) | ||
| 861635 | 2010-02-26 03:48:00 | As usual | gary67 (56) | ||
| 861636 | 2010-02-26 04:19:00 | The tax benefits actually kick in pretty strongly once you can get your pension over $600,000.00 p.a. Until then, please be patient and trust that Lord Key and his merry Dukes will be looking out for you. |
R2x1 (4628) | ||
| 861637 | 2010-02-26 04:23:00 | home.nzcity.co.nz | Sweep (90) | ||
| 861638 | 2010-02-26 04:23:00 | ................and don't forget that your RWT (resident withholding tax) will increase from 19.5% to 21% from 1 April if your earnings exceed $14500 pa. Edit; the lord giveth, and the lord key taketh......... |
Terry Porritt (14) | ||
| 861639 | 2010-02-26 04:24:00 | And don't forget the new Carbon taxes kicking in!! | Sweep (90) | ||
| 861640 | 2010-02-26 04:25:00 | Are we only going to get 2% :waughh: :crying | smithie 38 (6684) | ||
| 861641 | 2010-02-26 04:33:00 | He doesn't really say does he. Is it a 2% increase in the gross then also a reduced income tax or what? | Sweep (90) | ||
| 861642 | 2010-02-26 04:43:00 | ................and don't forget that your RWT (resident withholding tax) will increase from 19.5% to 21% from 1 April if your earnings exceed $14500 pa. Edit; the lord giveth, and the lord key taketh......... I have that slightly wrong, quote from bank " The current 19.5% RWT rate will change to 21% and we'll need to move all customers on 19.5% to this new rate on 1 April 2010." Also: " A new RWT rate of 12.5% will be available for individuals who have a reasonable expectation that their total anual income will be $14000 or less" |
Terry Porritt (14) | ||
| 861643 | 2010-02-26 04:55:00 | 2% is what Keys is promising if the GST goes to 15%. However he is also saying our income tax rate will drop. I havent seen how much or when that will happen.Bet it is not the same time the GST goes up. |
tut (12033) | ||
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