I read most of the Stuff article, but not all. To me and my modest understanding, there is so much wrong with Geoff Simmons' diatribe.
Election 2020: Who'll gain from Labour's plan to tax the rich? The rich
11 Sep 2010
Overlooking the bad semantic construction of that last sentence, I do not see how that is or can be true that income from PI is taxed differently to income from shares, term deposits, etc. (Ignoring the deceptive family home sophistry, too.)
Suddenly, the word speculate pops up. What? The put less into business, jobs, exports is just the usual empty rhetoric.
We have unaffordable housing for a wide variety of reason, not the least of which is the failure in NZ wage growth and increase in regulatory and compliance costs.
Leaving aside the empty-headed nonsense about owner-occupied, how does anyone get a 50% reduction in tax rates on rental property income? Never mind that the 39% applies only to income over $180k.
As I see it, the item is one of the worst, most factually-inaccurate gutter-media opinions on this matter that the digital public has been STUFFed with, for quite a while.
Or have I missed something significant?
Election 2020: Who'll gain from Labour's plan to tax the rich? The rich
11 Sep 2010
Originally posted by Stuff
Originally posted by Stuff
We have unaffordable housing for a wide variety of reason, not the least of which is the failure in NZ wage growth and increase in regulatory and compliance costs.
Originally posted by Stuff
As I see it, the item is one of the worst, most factually-inaccurate gutter-media opinions on this matter that the digital public has been STUFFed with, for quite a while.
Or have I missed something significant?
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