www.rnz.co.nz
The 2024 accounts record the foundation made $4.7m in donations… and paid their founders $37m!
They should.... by increasing the top tax bracket and introducing an estate duty along side a gifting duty and properly taxing trusts.
Wealthiest paying tax at much lower rate than most other New Zealanders - IRD report
Revenue Minister David Parker says the report shows a "large differential between the tax rates ordinary New Zealanders pay on their full income compared with the super-wealthy".
So you’d agree that these should pay more tax too?
We should all pay the same tax rate under the law.Wealthiest paying tax at much lower rate than most other New Zealanders - IRD report
Revenue Minister David Parker says the report shows a "large differential between the tax rates ordinary New Zealanders pay on their full income compared with the super-wealthy".
So you’d agree that these should pay more tax too?
We should all pay the same tax rate under the law.
That was a blatant political review. The definition of income was incorrect. Capital gains are not income (find a definition from a dictionary that say it is).
The rich pay the same tax rate as you and me on income. Just a lot of manipulation using the greedy rich narrative the left pushed to justify a CGT.
I think you will find under the same assessment criteria over the past year with huge capital losses as house prices and business values dropped, that the rich paid a significantly higher tax rate than everyone else (huge tax paid on paper losses) when including capital losses. But you won’t see the left updating to reflect that
The tax report is flawed because it uses a made up ‘economic income’ as its basis. A report written in a way to give the desired outcome.IRD report shows wealthy NZers pay much lower tax rates than other earners
Inland Revenue research released today reveals a large differential between the tax rates ordinary New Zealanders pay on their full income compared with the super-wealthy.www.beehive.govt.nz
IRD report seems to differ from your narrative of we all pay the same from just last year
A report made up by ird to support labour’s pursuit of a cgt?The tax report is flawed because it uses a made up ‘economic income’ as its basis. A report written in a way to give the desired outcome.
Simple maths: income plus untaxed capital gains in 2022 = rich pay less.
Income plus untaxed capital losses in 2024 = rich pay more.
Lots of propaganda and making facts fit what Labour wanted - CGT/ wealth tax! Look at all the greedy rich paying less than us hard working poor people
But which part is wrong though Dean?
Ever heard of a social contract called Tax Frank? The things that are social need come from it. Important things, like infrastructure, health care etc.
The govt is spending billions by not having the tax rate at 100%. Thats how ridiculous your entire line of logic is.
Essentially, yes.A report made up by ird to support labour’s pursuit of a cgt?
It wasn’t just the “super rich” that were paying a lower tax on their “economic income” than a PAYE-only worker. It was anyone that owns assets that go up in value. I.e. homeowners, business owners, farm owners, family bach owners, Maori landowners etc.
Great ignorance Frank.
What are you inferring with your magnifying glass? Don’t like the look of the furrowed brow either
Just trying to get my head around it…
