- Thread starter
- #11,241
Ok, letās do it.Nice try at deflection Rick. Or maybe, just maybe, when even those traditionally big business are pointing out it's grossly unfair and promoting inequality (and I'll add in enriching the already rich and let's NOT forget about those poor, poor landlords with multiple properties), maybe, just maybe we need a capital gains tax.
End of story.
How do you see a CGT working?
- On rental properties?
- on holiday homes?
- on the personal house?
- on shares?
- on KiwiSaver?
And whatās to stop if from being extended once in? Eg:
- Brightline from 2 to 5 to 10 years
- GST 10 to 12.5 to 15%
- CGT - landlords to personal house?
And is it pay as you go (eg tax bill every year regardless of selling) or only upon selling?
And:
Do you see it being to raise more revenue for the government? (Political suicide)
Or do you see it as revenue neutral ie scrap income tax up to $15k? (Might be viable)