Capital Gains Tax? Keep related posts in this thread, please.

[Perry]

So he wouldn't want a CGT?

His surrogate PI status is an unsubstantiated bit of info.

However, with a certain expected outcome, [nudge, wink] he was paid a thousand dollars a day now for a pointless grouptalkfest, plus a golden parachute to follow. That should more than offset any possible future CGT, shouldn't it?

[Bob Kane]

So he wouldn't want a CGT?

He never introduced one when he had the chance in government.
Funny how he changed his opinion on CGT when he retired from politics.

[Don't believe the Hype]

Right Bob... not to mention the CGT would disproportionately impact the young as the older you are the more tax free gain you could have (or have) made. Me for instance have made on paper at least millions of tax free gains, while the you guy or gal starting under a CGT will have to make 30% more profit to achieve the same result driven ONLY by the tax payable.

This cullen fella... he's a young bloke right? one who is willing to take the same impact of the tax he suggests on the chin and cop it like all others?

[Perry]

He never introduced one when he had the chance in government.

Comrade Commissar Cullen probably had more regard to Lange's "lose this election and the next however many" on his mind and how it would have an adverse impact on his pay.

[Bob Kane]

It seems Jacinda wants to stay as PM hence she canned the CGT proposal.
This has upset many of her loyal devotees.
What can a millenium (aged between 23 and 3 do besides chant a few 'it's only fair' slogans?

[Bluekiwi]

It seems Jacinda wants to stay as PM hence she canned the CGT proposal.
This has upset many of her loyal devotees.
What can a millenium (aged between 23 and 3 do besides chant a few 'it's only fair' slogans?

I think she really wanted a CGT.

Then someone tried to explain to her what a capital gains tax actually was and it got too hard.

If she didn't understand it then her voters weren't going to either.

[Wayne]

I think she really wanted a CGT.

Then someone tried to explain to her what a capital gains tax actually was and it got too hard.

If she didn't understand it then her voters weren't going to either.

I'm amazed that people are still going on about it!
It's done and dusted - yesterdays news now.

[Perry]

I'm amazed that people are still going on about it!

Agreed.
The brain-dead media are still anally analysing it to death, too.
Gets a bit nauseating, after a while.

[Bluekiwi]

Nope its todays news that she speaks well and is full of good intentions.

And its certainly todays news that she has no idea about business or tax or CGT as she is still PM and likely to be so for the next 4 years.

[Perry]

Nope its today's news that she speaks well and is full of good intentions.

And its certainly today's news that she has no idea about business or tax or CGT as she is still PM and likely to be so for the next 4 years.

Really? You jest.

Any non socialist-diehard with half a brain is already aware of the PM's (road-to-hell) good intentions and that she no idea about business and tax.

Hardly news.

[AlFa]

What can a millenium (aged between 23 and 38 ) do besides chant a few 'it's only fair' slogans?

Quietly working their arses off, renovating, buying well, thinking outside the box and building $5M property portfolio within 4 years by the age of 38
Oh wait...

[Bob Kane]

Quietly working their arses off, renovating, buying well, thinking outside the box and building $5M property portfolio within 4 years by the age of 38
Oh wait...

LOL
That's the behaviour that Labour and the Greens are trying to stop.
Those hard working renovators have caused the property price increases and are forcing the homeless to sleep on footpaths.
They must be stopped!
Let's tax them.
Oh wait....

[Don't believe the Hype]

Quietly working their arses off, renovating, buying well, thinking outside the box and building $5M property portfolio within 4 years by the age of 38
Oh wait...

Wait... what? I've read in the newspaper many times that it can't be done. So therefore it can't be done.



BTW - my wife fits within that age range and I'm just outside. Both retired from our chosen careers, travel as much as we want (currently on a 6 month European trip with our 2 kids) do whatever we want. Work when we want (often at no charge). Buy whatever we like ... which sounds fantastic but strangely once we could afford some things you decide you really don't need them.

[artemis]

LOL
That's the behaviour that Labour and the Greens are trying to stop.
Those hard working renovators have caused the property price increases and are forcing the homeless to sleep on footpaths.
They must be stopped!
Let's tax them.
Oh wait....

If building a property portfolio means owning some rentals, then Labour and Greens, with spot of help from Mr Peters, are doing quite well with their plan. It is the year of delivery so they will be very happy.

[AlFa]

If building a property portfolio means owning some rentals, then Labour and Greens, with spot of help from Mr Peters, are doing quite well with their plan. It is the year of delivery so they will be very happy.

I'm definitely very happy replacing headaches with $110k luxury vehicle.