Next Page: 10000

          Making The Tradies Pay.      Comment   Translate Page      
Crunching The Numbers: On the subject of the Capital Gains Tax, it is simply not sufficient to assert that all income is the same and, therefore, must be taxed the same. Those who say this ignore the fact that, as RNZ’s Guyon Espiner so rightly observed, not all income is made the same. The working life of the small business owner is very different from that of wage and salary earners. In addition to plying their trade and/or providing their service, they are saddled with a great many other responsibilities.

IT’S A CLASS WAR – of a most unusual kind. The looming battle over Labour’s Capital Gains Tax (CGT) pits a pampered and overpaid Professional and Managerial Class (PMC) against the constantly expanding class of tradespeople, service providers and independent contractors: the tens-of-thousands of small businesspeople whose daily labours continue to make, move and mend this country.

The PMC is determined to protect its cosy position in New Zealand society by making sure that any expansion of the state’s revenues is secured by taxing something other than their salaries.

They have been made aware of the rapidly rising incomes of the “tradies”. How could they not, with their brand new SUVs clogging the streets outside the local school every morning and afternoon? What’s more, they strongly suspect that all this new-found wealth is not being taxed in the same way that their incomes are taxed. They may not know much about running a business that isn’t funded by someone else’s money, but they’re pretty sure these nouveaux riche boofheads are dab hands at short-changing the IRD.

Clearly, these upstarts need to be taxed at the same rate as themselves – 33 cents in the dollar. And because, as the owners of small businesses, they can get away with paying themselves ludicrously low wages, they must be made to hand over to the IRD one-third of the currently tax-free capital gains they make when they sell their businesses.

They’ll squeal and moan, of course, but a CGT is by far the fairest fiscal solution. Capital gain is a form of income – and all income must be taxed. Besides, it’s just not right that people with nothing more than a trade certificate (or whatever they call it) and often with no qualifications whatsoever, should be making more money than someone who spent four or five years at a university getting properly qualified. A university, mind you, not a dreary polytechnic tucked away in some provincial hell-hole like Wanganui or Invercargill!

But simply saying that all income is the same, and must be taxed the same, ignores the fact that, as RNZ’s Guyon Espiner so rightly observed, not all income is made the same.

The impressively credentialled members of the PMC, large numbers of whom are employed by the state, turn up for work every day and are paid every fortnight. All the necessary deductions for tax and ACC have been taken care of by their employer. If they’re teachers, nurses, social-workers, or just plain, common-or-garden civil servants, there’s a very high probability they’ll be members of a union. Regular pay-rises and improved working conditions are expected – and delivered.

Life for the small business owner is very different. In addition to plying their trade and/or providing their service, they are saddled with a great many other responsibilities. They have to take care of their own tax payments – as well as the tax payments of any staff they may employ. Then there’s Kiwisaver and ACC payments to sort out. They must conform to the provisions of OSH legislation and deal with the infernal complexities of the RMA. For many, being able to pay their bills depends upon other people paying theirs – and getting some debtors to cough-up can be a nightmare.

So, Guyon is right. Not all income is made the same. Which is why not all income is taxed the same.

Which leaves the PMC with a problem. They are only too aware of the need for increased government spending on health, housing, education and the environment. After all, so many of their jobs are about providing these public goods. On the other hand, they have a lifestyle to maintain; overseas trips to pay for; kids to finance into university and home ownership. Yes, their salaries may be large – but they’re fully extended. They are not keen on paying higher income tax. Not keen at all.

It might not be so bad if all these tradies; these restaurateurs; these independent contractors were caring and responsible citizens. But dammit! What’s with all these monster SUVs? Haven’t they heard of global warming? And the things they say! Honestly, it borders on hate speech. Sexists, racists, homophobes: the whole kit and kaboodle. To call them “deplorables” would be to seriously understate the problem. And then they get to retire with a cool million bucks – tax-free.

No bloody way!

This essay was originally published in The Otago Daily Times and The Greymouth Star of Friday, 12 April 2019.

          readdy ware house 6000 sqft ghaziabad no Brokerage      Comment   Translate Page      
readdy ware house 6000 sqft ghaziabad no  Brokerage Modern world class warehouse at prime location Location:Murad Nagar,Ghaziabad- on Meerut Road Size:10,000 sq ft + 5000 sq ft + 1000 sq ft Can be taken together - total 16000 sq ft or in separate units COMBINED RENTAL OR SEPARATE RENTAL POSSIBLE RCC OFFICE (500 SQ FT) + 3 WESTERN TOILETS + 2 GAURD ROOMS CAMPUS SIZE : 25000 SQ FT Rest space high boundary wall concrete floor, iron sliding gate 20 ft wide, suitable for loading and unloading GREAT 16 WHEELER ROADABILITY AROUND THE ENTIRE WAREHOUSE CAMPUS FULL POWER BACK UP PROVIDED NO BROKERAGE TO BE PAID - DIRECT OWNER Best Engineering design with great lighting & Ventilation Price:Rs.14 Rs./sq ft (negotiable) accomodations.bangalore@gmail.com Contact : 9871665656 / 9591888873 houses for sale/rent, Bangalore
          readdy ware house 6000 sqft ghaziabad no Brokerage      Comment   Translate Page      
readdy ware house 6000 sqft ghaziabad no  Brokerage Modern world class warehouse at prime location Location:Murad Nagar,Ghaziabad- on Meerut Road Size:10,000 sq ft + 5000 sq ft + 1000 sq ft Can be taken together - total 16000 sq ft or in separate units COMBINED RENTAL OR SEPARATE RENTAL POSSIBLE RCC OFFICE (500 SQ FT) + 3 WESTERN TOILETS + 2 GAURD ROOMS CAMPUS SIZE : 25000 SQ FT Rest space high boundary wall concrete floor, iron sliding gate 20 ft wide, suitable for loading and unloading GREAT 16 WHEELER ROADABILITY AROUND THE ENTIRE WAREHOUSE CAMPUS FULL POWER BACK UP PROVIDED NO BROKERAGE TO BE PAID - DIRECT OWNER Best Engineering design with great lighting & Ventilation Price:Rs.14 Rs./sq ft (negotiable) accomodations.bangalore@gmail.com Contact : 9871665656 / 9591888873 houses for sale/rent, Bangalore
          4/15/2019: Letters: Many billion reasons to be wary of new policies      Comment   Translate Page      
Labor’s usual divisive class warfare cemented into its DNA, the astronomical $387 billion financial burden to taxpayers over the next decade and the extra costs that will be incurred by people who purchase electric cars under its very poorly devised...


Next Page: 10000

Site Map 2018_01_14
Site Map 2018_01_15
Site Map 2018_01_16
Site Map 2018_01_17
Site Map 2018_01_18
Site Map 2018_01_19
Site Map 2018_01_20
Site Map 2018_01_21
Site Map 2018_01_22
Site Map 2018_01_23
Site Map 2018_01_24
Site Map 2018_01_25
Site Map 2018_01_26
Site Map 2018_01_27
Site Map 2018_01_28
Site Map 2018_01_29
Site Map 2018_01_30
Site Map 2018_01_31
Site Map 2018_02_01
Site Map 2018_02_02
Site Map 2018_02_03
Site Map 2018_02_04
Site Map 2018_02_05
Site Map 2018_02_06
Site Map 2018_02_07
Site Map 2018_02_08
Site Map 2018_02_09
Site Map 2018_02_10
Site Map 2018_02_11
Site Map 2018_02_12
Site Map 2018_02_13
Site Map 2018_02_14
Site Map 2018_02_15
Site Map 2018_02_15
Site Map 2018_02_16
Site Map 2018_02_17
Site Map 2018_02_18
Site Map 2018_02_19
Site Map 2018_02_20
Site Map 2018_02_21
Site Map 2018_02_22
Site Map 2018_02_23
Site Map 2018_02_24
Site Map 2018_02_25
Site Map 2018_02_26
Site Map 2018_02_27
Site Map 2018_02_28
Site Map 2018_03_01
Site Map 2018_03_02
Site Map 2018_03_03
Site Map 2018_03_04
Site Map 2018_03_05
Site Map 2018_03_06
Site Map 2018_03_07
Site Map 2018_03_08
Site Map 2018_03_09
Site Map 2018_03_10
Site Map 2018_03_11
Site Map 2018_03_12
Site Map 2018_03_13
Site Map 2018_03_14
Site Map 2018_03_15
Site Map 2018_03_16
Site Map 2018_03_17
Site Map 2018_03_18
Site Map 2018_03_19
Site Map 2018_03_20
Site Map 2018_03_21
Site Map 2018_03_22
Site Map 2018_03_23
Site Map 2018_03_24
Site Map 2018_03_25
Site Map 2018_03_26
Site Map 2018_03_27
Site Map 2018_03_28
Site Map 2018_03_29
Site Map 2018_03_30
Site Map 2018_03_31
Site Map 2018_04_01
Site Map 2018_04_02
Site Map 2018_04_03
Site Map 2018_04_04
Site Map 2018_04_05
Site Map 2018_04_06
Site Map 2018_04_07
Site Map 2018_04_08
Site Map 2018_04_09
Site Map 2018_04_10
Site Map 2018_04_11
Site Map 2018_04_12
Site Map 2018_04_13
Site Map 2018_04_14
Site Map 2018_04_15
Site Map 2018_04_16
Site Map 2018_04_17
Site Map 2018_04_18
Site Map 2018_04_19
Site Map 2018_04_20
Site Map 2018_04_21
Site Map 2018_04_22
Site Map 2018_04_23
Site Map 2018_04_24
Site Map 2018_04_25
Site Map 2018_04_26
Site Map 2018_04_27
Site Map 2018_04_28
Site Map 2018_04_29
Site Map 2018_04_30
Site Map 2018_05_01
Site Map 2018_05_02
Site Map 2018_05_03
Site Map 2018_05_04
Site Map 2018_05_05
Site Map 2018_05_06
Site Map 2018_05_07
Site Map 2018_05_08
Site Map 2018_05_09
Site Map 2018_05_15
Site Map 2018_05_16
Site Map 2018_05_17
Site Map 2018_05_18
Site Map 2018_05_19
Site Map 2018_05_20
Site Map 2018_05_21
Site Map 2018_05_22
Site Map 2018_05_23
Site Map 2018_05_24
Site Map 2018_05_25
Site Map 2018_05_26
Site Map 2018_05_27
Site Map 2018_05_28
Site Map 2018_05_29
Site Map 2018_05_30
Site Map 2018_05_31
Site Map 2018_06_01
Site Map 2018_06_02
Site Map 2018_06_03
Site Map 2018_06_04
Site Map 2018_06_05
Site Map 2018_06_06
Site Map 2018_06_07
Site Map 2018_06_08
Site Map 2018_06_09
Site Map 2018_06_10
Site Map 2018_06_11
Site Map 2018_06_12
Site Map 2018_06_13
Site Map 2018_06_14
Site Map 2018_06_15
Site Map 2018_06_16
Site Map 2018_06_17
Site Map 2018_06_18
Site Map 2018_06_19
Site Map 2018_06_20
Site Map 2018_06_21
Site Map 2018_06_22
Site Map 2018_06_23
Site Map 2018_06_24
Site Map 2018_06_25
Site Map 2018_06_26
Site Map 2018_06_27
Site Map 2018_06_28
Site Map 2018_06_29
Site Map 2018_06_30
Site Map 2018_07_01
Site Map 2018_07_02
Site Map 2018_07_03
Site Map 2018_07_04
Site Map 2018_07_05
Site Map 2018_07_06
Site Map 2018_07_07
Site Map 2018_07_08
Site Map 2018_07_09
Site Map 2018_07_10
Site Map 2018_07_11
Site Map 2018_07_12
Site Map 2018_07_13
Site Map 2018_07_14
Site Map 2018_07_15
Site Map 2018_07_16
Site Map 2018_07_17
Site Map 2018_07_18
Site Map 2018_07_19
Site Map 2018_07_20
Site Map 2018_07_21
Site Map 2018_07_22
Site Map 2018_07_23
Site Map 2018_07_24
Site Map 2018_07_25
Site Map 2018_07_26
Site Map 2018_07_27
Site Map 2018_07_28
Site Map 2018_07_29
Site Map 2018_07_30
Site Map 2018_07_31
Site Map 2018_08_01
Site Map 2018_08_02
Site Map 2018_08_03
Site Map 2018_08_04
Site Map 2018_08_05
Site Map 2018_08_06
Site Map 2018_08_07
Site Map 2018_08_08
Site Map 2018_08_09
Site Map 2018_08_10
Site Map 2018_08_11
Site Map 2018_08_12
Site Map 2018_08_13
Site Map 2018_08_15
Site Map 2018_08_16
Site Map 2018_08_17
Site Map 2018_08_18
Site Map 2018_08_19
Site Map 2018_08_20
Site Map 2018_08_21
Site Map 2018_08_22
Site Map 2018_08_23
Site Map 2018_08_24
Site Map 2018_08_25
Site Map 2018_08_26
Site Map 2018_08_27
Site Map 2018_08_28
Site Map 2018_08_29
Site Map 2018_08_30
Site Map 2018_08_31
Site Map 2018_09_01
Site Map 2018_09_02
Site Map 2018_09_03
Site Map 2018_09_04
Site Map 2018_09_05
Site Map 2018_09_06
Site Map 2018_09_07
Site Map 2018_09_08
Site Map 2018_09_09
Site Map 2018_09_10
Site Map 2018_09_11
Site Map 2018_09_12
Site Map 2018_09_13
Site Map 2018_09_14
Site Map 2018_09_15
Site Map 2018_09_16
Site Map 2018_09_17
Site Map 2018_09_18
Site Map 2018_09_19
Site Map 2018_09_20
Site Map 2018_09_21
Site Map 2018_09_23
Site Map 2018_09_24
Site Map 2018_09_25
Site Map 2018_09_26
Site Map 2018_09_27
Site Map 2018_09_28
Site Map 2018_09_29
Site Map 2018_09_30
Site Map 2018_10_01
Site Map 2018_10_02
Site Map 2018_10_03
Site Map 2018_10_04
Site Map 2018_10_05
Site Map 2018_10_06
Site Map 2018_10_07
Site Map 2018_10_08
Site Map 2018_10_09
Site Map 2018_10_10
Site Map 2018_10_11
Site Map 2018_10_12
Site Map 2018_10_13
Site Map 2018_10_14
Site Map 2018_10_15
Site Map 2018_10_16
Site Map 2018_10_17
Site Map 2018_10_18
Site Map 2018_10_19
Site Map 2018_10_20
Site Map 2018_10_21
Site Map 2018_10_22
Site Map 2018_10_23
Site Map 2018_10_24
Site Map 2018_10_25
Site Map 2018_10_26
Site Map 2018_10_27
Site Map 2018_10_28
Site Map 2018_10_29
Site Map 2018_10_30
Site Map 2018_10_31
Site Map 2018_11_01
Site Map 2018_11_02
Site Map 2018_11_03
Site Map 2018_11_04
Site Map 2018_11_05
Site Map 2018_11_06
Site Map 2018_11_07
Site Map 2018_11_08
Site Map 2018_11_09
Site Map 2018_11_10
Site Map 2018_11_11
Site Map 2018_11_12
Site Map 2018_11_13
Site Map 2018_11_14
Site Map 2018_11_15
Site Map 2018_11_16
Site Map 2018_11_17
Site Map 2018_11_18
Site Map 2018_11_19
Site Map 2018_11_20
Site Map 2018_11_21
Site Map 2018_11_22
Site Map 2018_11_23
Site Map 2018_11_24
Site Map 2018_11_25
Site Map 2018_11_26
Site Map 2018_11_27
Site Map 2018_11_28
Site Map 2018_11_29
Site Map 2018_11_30
Site Map 2018_12_01
Site Map 2018_12_02
Site Map 2018_12_03
Site Map 2018_12_04
Site Map 2018_12_05
Site Map 2018_12_06
Site Map 2018_12_07
Site Map 2018_12_08
Site Map 2018_12_09
Site Map 2018_12_10
Site Map 2018_12_11
Site Map 2018_12_12
Site Map 2018_12_13
Site Map 2018_12_14
Site Map 2018_12_15
Site Map 2018_12_16
Site Map 2018_12_17
Site Map 2018_12_18
Site Map 2018_12_19
Site Map 2018_12_20
Site Map 2018_12_21
Site Map 2018_12_22
Site Map 2018_12_23
Site Map 2018_12_24
Site Map 2018_12_25
Site Map 2018_12_26
Site Map 2018_12_27
Site Map 2018_12_28
Site Map 2018_12_29
Site Map 2018_12_30
Site Map 2018_12_31
Site Map 2019_01_01
Site Map 2019_01_02
Site Map 2019_01_03
Site Map 2019_01_04
Site Map 2019_01_06
Site Map 2019_01_07
Site Map 2019_01_08
Site Map 2019_01_09
Site Map 2019_01_11
Site Map 2019_01_12
Site Map 2019_01_13
Site Map 2019_01_14
Site Map 2019_01_15
Site Map 2019_01_16
Site Map 2019_01_17
Site Map 2019_01_18
Site Map 2019_01_19
Site Map 2019_01_20
Site Map 2019_01_21
Site Map 2019_01_22
Site Map 2019_01_23
Site Map 2019_01_24
Site Map 2019_01_25
Site Map 2019_01_26
Site Map 2019_01_27
Site Map 2019_01_28
Site Map 2019_01_29
Site Map 2019_01_30
Site Map 2019_01_31
Site Map 2019_02_01
Site Map 2019_02_02
Site Map 2019_02_03
Site Map 2019_02_04
Site Map 2019_02_05
Site Map 2019_02_06
Site Map 2019_02_07
Site Map 2019_02_08
Site Map 2019_02_09
Site Map 2019_02_10
Site Map 2019_02_11
Site Map 2019_02_12
Site Map 2019_02_13
Site Map 2019_02_14
Site Map 2019_02_15
Site Map 2019_02_16
Site Map 2019_02_17
Site Map 2019_02_18
Site Map 2019_02_19
Site Map 2019_02_20
Site Map 2019_02_21
Site Map 2019_02_22
Site Map 2019_02_23
Site Map 2019_02_24
Site Map 2019_02_25
Site Map 2019_02_26
Site Map 2019_02_27
Site Map 2019_02_28
Site Map 2019_03_01
Site Map 2019_03_02
Site Map 2019_03_03
Site Map 2019_03_04
Site Map 2019_03_05
Site Map 2019_03_06
Site Map 2019_03_07
Site Map 2019_03_08
Site Map 2019_03_09
Site Map 2019_03_10
Site Map 2019_03_11
Site Map 2019_03_12
Site Map 2019_03_13
Site Map 2019_03_14
Site Map 2019_03_15
Site Map 2019_03_16
Site Map 2019_03_17
Site Map 2019_03_18
Site Map 2019_03_19
Site Map 2019_03_20
Site Map 2019_03_21
Site Map 2019_03_22
Site Map 2019_03_23
Site Map 2019_03_24
Site Map 2019_03_25
Site Map 2019_03_26
Site Map 2019_03_27
Site Map 2019_03_28
Site Map 2019_03_29
Site Map 2019_03_30
Site Map 2019_03_31
Site Map 2019_04_01
Site Map 2019_04_02
Site Map 2019_04_03
Site Map 2019_04_04
Site Map 2019_04_05
Site Map 2019_04_06
Site Map 2019_04_07
Site Map 2019_04_08
Site Map 2019_04_09
Site Map 2019_04_10
Site Map 2019_04_11
Site Map 2019_04_12
Site Map 2019_04_13
Site Map 2019_04_14