8-Feb-2012 - tax wedges
Visted 1 timesSimon Collins reports at NZ Herald: A new book has found total tax rates on the incomes of rich New Zealanders are now the lowest in the developed world. New Zealand’s top tax “wedge” of 33 per cent on incomes above 70,000 is lower than all 27 other high-income nations in the Organisation for nike nfl jerseys Economic Co-operation and Development, after including social security and payroll taxes which do not exist in this country. Rich New Zealanders also escape without paying any tax on capital gains that would be taxed in most other countries. On the other hand, New Zealand has the world’s most comprehensive goods and services tax (GST), taxing 98 per cent of all potentially taxable consumer spending compared with a developed world NHL jerseys average of 59 per cent. New Zealand is one of only five high-income OECD nations that do not allow any exemptions for food – a key factor in our high food prices. The book’s author, Professor Rob Salmond, a New Zealand-born political scientist at the University of Michigan, says New Zealand has a tax system of extremes. I’m not sure I’d call the book new. I read it last year. It’s a good book with lots of interesting data. At some stage I hope to have time to discuss it in more detail. I would make one point for now though. This is off memory though, but if I am wrong I am sure Rob Salmond will correct me. The tax wedge includes social security and payroll taxes, and presumably this includes payroll taxes in Australia where the “tax” goes towards the individual’s retirement savings. I believe there is a huge difference between taxes where your tax money goes to the Government to spend on whatever they decide, and between payroll deductions NFL jerseys cheap where the money is invested in your name, and still belongs to you. Tags: Rob Salmond, tax wedges This entry was posted on Tuesday, February 7th, 2012 at 12:00 pm and is filed under NZ Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
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8-Feb-2012 - tax wedges
Visted 1 timesSimon Collins reports at NZ Herald: A new book has found total tax rates on the incomes of rich New Zealanders are now the lowest in the developed world. New Zealand’s top tax “wedge” of 33 per football jerseys cent on incomes above 70,000 is lower than all 27 other high-income nations in the Organisation for Economic Co-operation and Development, after including social security and payroll taxes which do not exist in this country. Rich New Zealanders also escape without paying any tax on capital gains that would be taxed in most other countries. On the other hand, New Zealand has the world’s most comprehensive goods and services tax (GST), taxing 98 per cent of all potentially taxable consumer spending compared with a developed world average of 59 per cent. New Zealand is one of only five high-income OECD nations that do not allow any exemptions for food – a key factor in our high food prices. The book’s author, Professor NFL jerseys china Rob Salmond, a New Zealand-born political scientist at the University of Michigan, says New Zealand has a tax system of extremes. I’m not sure I’d call the book new. I read it last year. It’s a good book with lots of interesting data. At some stage I hope to have time to discuss it in more detail. I would make one point for now though. This is off memory though, but if I am wrong I am sure Rob Salmond will correct me. The tax wedge includes social security and payroll taxes, and presumably this includes payroll taxes in Australia where the “tax” goes towards the individual’s retirement savings. I believe there is a huge difference between taxes where your tax money goes to the Government to spend on whatever they decide, and between payroll deductions where the money is invested in your name, and still belongs to you. Tags: Rob Salmond, tax wedges This entry was posted on Tuesday, February 7th, 2012 at 12:00 pm and is filed under NZ Politics. You can custom nhl jerseys follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
Comments (0)Post Comment View Whole Blog
8-Feb-2012 - tax wedges
Visted 1 timesSimon Collins reports at NZ Herald: A new book has found total tax rates NHL jerseys supply on the incomes of rich New Zealanders are now the lowest in the developed world. New Zealand’s top tax “wedge” of 33 per cent on incomes above 70,000 is lower than all 27 other high-income nations in the Organisation for Economic Co-operation and Development, after including social security and payroll taxes which do not exist in this country. Rich New Zealanders also escape without paying any tax on capital gains that would be taxed in most other countries. On the other hand, New Zealand has the world’s most comprehensive goods and services tax (GST), taxing 98 per cent of all potentially taxable consumer spending compared with a developed world average of 59 per MLB jerseys cent. New Zealand is one of only five high-income OECD nations that do not allow any exemptions for food – a key factor in our high food prices. The book’s author, Professor Rob Salmond, a New Zealand-born political scientist at the University of Michigan, says New Zealand has a tax system of extremes. I’m not sure I’d call the book new. I read it last year. It’s a good book with lots of interesting data. At some stage I hope to have time to discuss it in more detail. I would make one point for now though. This is off memory though, but if I am wrong I am sure Rob Salmond will correct me. The tax wedge includes social security and payroll taxes, and presumably this includes payroll taxes in Australia where the “tax” goes towards the individual’s retirement savings. I believe there is a huge difference custom nhl jerseys between taxes where your tax money goes to the Government to spend on whatever they decide, and between payroll deductions where the money is invested in your name, and still belongs to you. Tags: Rob Salmond, tax wedges This entry was posted on Tuesday, February 7th, 2012 at 12:00 pm and is filed under NZ Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
Comments (0)Post Comment View Whole Blog
8-Feb-2012 - tax wedges
Visted 1 timesSimon Collins reports at NZ Herald: A new book has found total tax rates on the incomes of rich New Zealanders are now the lowest in the developed world. New Zealand’s top tax “wedge” of 33 per cent on incomes above 70,000 is lower than all 27 other high-income nations in the Organisation for Economic Co-operation and Development, after including social security and payroll taxes which do not exist in this country. Rich New Zealanders also escape without paying any tax on capital gains that would be taxed in most other countries. On the other hand, New Zealand has football jerseys the world’s most comprehensive goods and services tax (GST), taxing 98 per cent of all potentially taxable consumer spending compared with a developed world average of 59 per cent. New Zealand is one of only five high-income OECD nations that do not allow any exemptions for food – a key factor in our high food prices. The book’s author, Professor Rob Salmond, a New Zealand-born political scientist at the University NFL JERSEYS of Michigan, says New Zealand has a tax system of extremes. I’m not sure I’d call the book new. I read it last year. It’s a good book with lots of interesting data. At some stage I hope to have time to discuss it in more detail. I would make one point for now though. This is off memory though, but if I am wrong I am sure Rob Salmond will correct me. The tax wedge includes social security and payroll taxes, and presumably this includes payroll taxes in Australia where the “tax” goes towards the individual’s retirement NFL jerseys savings. I believe there is a huge difference between taxes where your tax money goes to the Government to spend on whatever they decide, and between payroll deductions where the money is invested in your name, and still belongs to you. Tags: Rob Salmond, tax wedges This entry was posted on Tuesday, February 7th, 2012 at 12:00 pm and is filed under NZ Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
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