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| Thread ID: 107251 | 2010-02-10 00:09:00 | Nothing much changed in the tax. | Nomad (952) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 856790 | 2010-02-10 00:09:00 | A raise in GST and a reduction of tax rate for higher earners maybe compensated for lower earners . You may not be able to offset as much, but one can probably still can . Maybe not property to day job . If they have 2 rentals, they can offset as much as they want there (between he 2 houses) . . . even if no work was intended one might be a fool not to . Keep a property for 5+ yrs and no CGT . Then esp self employers once they have minimalised their income they can apply to WFF and those who have properties no but income they can still get the benefit as it's not asset tested . |
Nomad (952) | ||
| 856791 | 2010-02-10 00:14:00 | Read on Stuff this morning that JK made a promise in 2008 NOT to raise GST. What a liar! LL |
lakewoodlady (103) | ||
| 856792 | 2010-02-10 00:21:00 | Give with one hand while taking it all back and probably a little bit more with the other. Why increase GST and then *give* it all back with higher WFF, Benefits etc. |
PinoyKiw (9675) | ||
| 856793 | 2010-02-10 00:26:00 | Read on Stuff this morning that JK made a promise in 2008 NOT to raise GST. What a liar! LL Sure did! www.nzherald.co.nz |
Sweep (90) | ||
| 856794 | 2010-02-10 00:26:00 | In the future should I get a property to rent, hey I can spruce it up offset it within that property, aha, but (probably) not to the day job. Rent it out, raise my rents due to GST. Sell 5yrs after and get free CGT. Should I lose my job and still have a big asset, I can get the dole :cool: If my future partner does not work, maybe we can get the WFF :rolleyes: |
Nomad (952) | ||
| 856795 | 2010-02-10 01:19:00 | That's what you get when you vote for National... | Agent_24 (57) | ||
| 856796 | 2010-02-10 01:26:00 | They are all liars so hes in good company. In principle I agree, that huge investment in property is unproductive and long term you sink as a country. | pkm (13527) | ||
| 856797 | 2010-02-10 01:27:00 | The tax system is not broken, leave the friggin thing alone Whats broken is govt spending, but who is going to stand up and get shot to do something about it |
Gobe1 (6290) | ||
| 856798 | 2010-02-10 02:00:00 | The tax system is not broken, leave the friggin thing alone Whats broken is govt spending, but who is going to stand up and get shot to do something about it That is not correct. The tax working group has proved that the NZ tax system it is very broken. It is far too biased towards property. However because so many of national voters are multi property owners, introducing major property taxes will make them a one term government. Therefore they are planning to only target property investors, but I assume that property investors will simply rearrange their finances to get around any changes. Yes government spending is far too high, as there is one person in the public sector, for every person in the private sector, hence it is a 1:1 ratio of private supporting the public. However it would be better to increase NZs productivity by earning more money overseas, than cutting spending. Cutting health spending will negatively affect those people most vulnerable. |
robbyp (2751) | ||
| 856799 | 2010-02-10 02:05:00 | Its good to hear the landlords squeal, for 10 years the governors of the reserve bank have pleaded with NZ investors to invest in other than property. The greedy huas payed no heed, tax the living **** out of them and then some more. Putting up gst will hurt people who dont save ie spend every penny they get. Solution save some money. |
prefect (6291) | ||
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