Opinion: High earners fleeing to Australia would pay even more tax

I'm very confused by people who go around saying all our problems are because our wages are to low but then in the same breath say tax people who earn more..

Why are our earnings low, because we have lost manufacturing over the past 30 years. And what do the left hate, manufacturing (mining & farming mainly).

Aust is a 1 trick pony, mining.

I would like to see more manufacturing in NZ and real dirty stuff too, like mining, heavy industry (servicing things like mining).

Tourism is not the answer to generate wealth, I know of no country that is rich based on tourism.

The question Id be asking is,  'will the new tax laws lead to an increase in opportunity in our economy'? The reason Im asking this is because I belive the lack of oportunity is whats driving kiwis off-shore.  If the high tax rate leads to an increase in goverment spending when logicaly it should be decreasing, then Id say its going to be very bad for us all.

spot on andrew. people leave because of a lack of opportunity.

i think that any time a new tax proposed anywhere in the world the people most likely to be hit say "if this happens i'm gonna pack up my toys and leave the playground" but i suspect that by and large they are bluffing.

"investors will find a nasty shock when they get their capital to Australia: A somewhat higher capital gains tax than is proposed for New Zealand". 

This is somewhat incorrect. In Australia, profit from selling a property, 50% will be tax free, the other 50% will be treated as personal income - so in most cases it will be the same or less than what NZ proposed for CGT.  The only situation it will be higher is when someone earns above 180K a year and even that it will only be marginally higher! 

Is this media sensationalisation or what!

I'm not personally against higher personal income tax, or higher tax rate on top bracket.

The problem is how the tax money is spent.

Labour's track record, and their current attitude, is to tax the "rich pricks" and give hand out to the "poor".

In the process, Labour is encouraging low income families to stay low income and raise more kids, arguably irresponsibly, accompanied by child neglect and abuse quite often.

A family with combined income of 55k and 2 kids, would literally pay zero tax on all 55k. If they got 5 kids, they grab another 10k or so from everyone else - those with higher income or less/no kids.

Ironic that, we spend those time working and saving, when we finally feel safe financially to raise a kid, we are no longer entitled to WFF.

If we dare to buy some share or an investment property with our savings, we'd be punished with a CGT.

So what kind of message from Labour is that?

It's not just the tax rate sending ppl to OZ, it's the lower income, bad government spending, and in a whole a poor attitude of laziness sending ppl away. higher tax rate could be the last straw for some.

Would Trusts be taxed at 39% too?

What hysterical nonsense from the spoilt brat lawyer, Plunket. Someone on $180,000 (650% of the median wage) would pay an additional 6 cents on the dollar over $150K or $1800 per year. Less the $5,000 tax free threshold and any saving from their fresh fruit and veg. purchases.

Contrast that with someone in the median wage ($27,500) under National - no real income tax reduction and a 20% hike in the GST rate, power, food, fuel, stealth taxes all up. Good thing if he does go elsewhere, we've got more than enough lawyers as it is.

Australia: the land of higher taxes!!!

Current Income tax rates:

0 – $6,000         0%

$6,001 – $37,000     15%

$37,001 – $80,000     30%

$80,001 – $180,000     37%

$180,001 and over     45%

PLUS Payroll tax

State     

New South Wales            5.55%

Queensland            4.75%

South Australia         4.95%

Australian Capital Territory     6.85%

Victoria             4.95%

Western Australia          5.50%

Tasmania           6.10%

PLUS

CGT -- net gains treated as taxable income in the tax year an asset is sold or otherwise disposed of. (less the 1 year discount)

Lets have income tax parity with Australia Mr Key :-)

Politicians - trustworthy or not?

Have you ever wondered why it is that when you elect a politician to power, he never seems to keep his pre-election promises? Why is this?

Many of them are decent people yet or are they ,when they arrive at the halls of power, they are quietly taken to one side and given a list of the conditionalities policies to read.

WALKING THE TIGHTROPE

Politicians today are trapped and therefore are merely allowed to decide on such menial subjects as: 

1) Should shops be allowed to stay open on Sundays? 
2) Should all baby prams and carriages be fitted with seat belts? 
3) Should we increase the benefit to unwed mothers? etc. etc.

Yes of course it's been happenin & is right now, Trying to understand & rationalize issues without accepting this is futile. Ive been puttin links up for days , citing books commentators etc.
Only people can stop this now, we have all the power but until enough folk can accept the facts then we all get to suffer with the outcomes. I have so much stuff it will make your head spin.
Note it's old too. G7 & G10, now G8 & G20. Same old people still involved though in all the positions of power.

Until the year 1961 when New Zealand borrowed from the I.M.F., we had not only full employment, but were seeking workers from outside this country to assist us.

2. Who are the best known money lenders?

The Bank for International Settlements. Within this group we have the G10 and the G7. For information on these groups, please read our book 'Final Notice', pages 242-244. N.B. G7 is the main power group. They meet in the main in Basle, Switzerland.
The World Bank.
The International Monetary Fund.
Forget about the G10, they are relatively unimportant. The Group of Seven (G7) are the key players.

Should the IMF (International Monetary Fund) or the World Bank wish to lend money, they must come to the G7, 'cap in hand' for the authorisation to do so.

3. This is the most important point of all. Do you remember ever borrowing money from a bank or a finance company? Did they require security? Yes, of course. It is called collateral.

When national governments borrow from the money lenders, do they require security? Yes, of course.

Take note now. Their security lies in 'Conditionalities Policies', all signed and sealed at the time the money was borrowed by previous, sometimes forgotten, or even deceased, politicians. In the case of New Zealand, 17th April 1961.

 Former senior Labour party strategist John Pagani............so why is Bernard giving this spin doctor a free window to spout the wonders of the Labour party...?

As a Former senior Labour party strategist...Pagani must have been involved in masterminding the brilliant Labour strategy that brought bugger all real growth and ended  9 years of stupidity with recession and massive forward liabilities......I wouldn't employ him to make the tea.

Cactus Kate and Olly Newland are just 2 prominent Labour party members us commies have cunningly allowed to place pinko disinformation on this secret bolshevik black-ops site. You've also been reprogrammed to love chardonnay and lesbian rugby Wol.

Cactus Kate is ACT.. that's what 2% if youre lucky of representation..

yeah ,  2% sums up nicely how many voters are not mesmerised by  smile,borrow and wave policies

Stage 1 - We awoke one morning in the early 1980's to find that 6 government departments had been targeted for "restructuring".

Stage 2 - The catch word was 'corporatisation'. The clever folk explained to the not so clever folk that this would increase efficiency. Any old fool knows of course that government departments worldwide are notoriously inefficient. All the Kiwis (New Zealanders) said "Oh good!"

A gardener, an architect and a public servant had a debate as to who was the most important.

Gardener: "The first man that was created became a gardener therefore, I am the most important."

Architect: "The great architect of the Universe designed this world of order out of chaos, therefore, I am the most important."

Public Servant: "And who do you think created the chaos?"

Stage 3 - We woke a few mornings later to see a new word in the paper. It was 'privatisation'. The learned ones told the non-learned ones that this would increase efficiency, and all the Kiwis said "Oh good!"

Stage 4 - We awake and upon reading the morning paper, see a new word appear- 'shares'. At this point, we smell a rat, and quickly write letters to our leaders asking whether they are selling these shares to overseas people.

"Oh no", is the hasty reply. "We are only selling 49% overseas and thus the remaining major shareholding stays in New Zealand, and all the unsuspecting Kiwis said, "Oh good."

Stage 5 - By a further act of Parliament, or by hostile share takeovers, the overseas investors buy up 51% of the ex-government departments with their assets and those valuable commodities, often called the 'family silver', bought with the tax money paid for through my grandfather's sweat, my father's sweat, and my sweat, go overseas, never to return again. And all the Kiwis said, "Oh dear".

In future therefore, when you read the word 'privatisation', please add the word 'goodbye' and another word 'forever'.

Overseas readers may be interested to read that the Christchurch 'Mail', 20th December 1993, reported "New Zealand 40% foreign owned." Also note a 'Press' headline 10 December 1994, "Most of major firms' shares, foreign owned." 

New Zealand Railways - U.S. owned 
New Zealand Ferry Service - U.S. owned 
Wellington Buses - Scottish owned 
New Zealand Herald - Irish owned 
Wellington Electricity - Canadian owned

Now should there be a neighbouring Australian laughing up his sleeve and saying "New Zealand, you only have 11% to go and you've lost your sovereignty and independence, let us turn to the Austrade figures reported from a magazine called "Fight", dated July 1994. These were the levels of foreign ownership in various areas at that time.

Processed food 95%
Motor vehicles 100%
Pharmaceuticals 100%
Confectionery and Beverages 84%
Manufacturing 57%
Building Materials 88%
Mining 97%
Electrical 98%
Banking 86%
Chemicals 98%
Insurance 82%
Hotels 75%
Oil and Gas 92%

And that is not all - read on.

Anyone wonder how or why so many of our former PMs , senior politicians end up like Mike Moore in charge of the WTO, Helen at the UN , & Geoff Palmer I recall getting a commissioners role at the UN. He was knighted before all that. So the order is David Lange , Rogernomics era , followed by Sir Geoff Palmer , followed by Mike Moore , followed by Helen Clarke, well I never.
I'll use the Nats as an interlude later.

On a diffrent note, I got this email today, has anyone try it?  Be honest and don't look at the movie list below till you  have done the

math!

Try this test and find out what movie is likely to become your favourite.

This amazing math quiz can likely predict which of 18 movies you would enjoy

the most.

It really works!  .....for MOST of us anyway!

Movie Quiz:

1. Pick a number from 1-9.

2. Multiply by 3.

3. Add 3.

4. Multiply by 3 again.

5. Now add the two digits of your answer together

6. The number you are left with will predict your favorite movie

in the list of 18 movies below.

Movie List:

1.  Gone With the Wind

2.  E.T.

3.  Blazing Saddles

4.  Star Wars

5.  Forrest Gump

6.  The Good, the Bad, and the Ugly

7.  Jaws

8.  Grease

9.  Phil Goff’s Speech on proposed Capital Gain Tax!

10.  Casablanca

11.  Jurassic Park

12.  Shrek

13.  Pirates of the Caribbean

14.  Titanic

15.  Raiders of the Lost Ark

16.  Home Alone

17.  Mrs. Doubtfire

Chaiman Moa,

Only mining jobs are earning good coin in Aussy.  Tell  that to the Kiwi doctors and dentists etc.  Some even go over for long weekends, earn a mint and come back smiling all the way to the bank

I think talk that taxing those earning over 150K, 39 cents cents in the dollar, will drive away hordes of kiwis is an absolute load of bollocks

what will drive away kiwis is our crap / limited economy, low wages, and limited opportunities

And in my case, having accepted a job in Aus today, the knowledge that I am going to a place where things happen, there is a greater pro-activeness, and its a country that is not one significant disaster away from total basket-case territory   

Ok here we go again.

Believe it or not, in the little country of New Zealand in the year 1994 some of the leaders in this diabolical plot, along with their cohorts, are trying to set up a political party to finish the job; some may even say "To finish us off!"

We suspect that they will still do well in the polls as apparently only elephants have good memories.

A good analogy in this case could be 'the battered wife syndrome' - 'Hit me again, I needed that'.

A further note from the role model country of New Zealand. We originally had two major political parties who took turns at the helm of our country's politics.

M.M.P.

Today, on 27th April 1995, the leadership of the country is further weakened by setting up a mass of little parties, none of them with any 'clout' (power). Remember the old phrase - "United we stand, divided we fall."

The new system is called M.M.P. (Mixed Member Proportional).

We need help, and we need it urgently.

"Such a tax rate would make it more attractive for people to work in Australia," said Mr Plunket, who works for Chapman Tripp. "Most of them will still be paying tax in Australia at higher rates but they will be earning much higher incomes.

"We need every advantage we can over Australia to keep our higher-earning and more-productive people in the country."

So how about we have exemptions for, "... more-productive people in the country." 

I guess he means non-parasitic types that are the backbone of the real economy? 

Do we have a YES from the other 268,999 "more-productive people"....