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| Passing the buck to the renters pn279 |
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To ordinary wage and salary earners who (a) watch a slice of their gross income being taxed every week via PAYE and who also (b) pay GST on every single thing they buy, there has been something quite surreal about the centre-right’s angry and anguished reactions to the Tax Working Group’s final report.
Good Lord. Isn’t it just awful that the income gains from property investments, share market dealings and from selling one’s holiday home might someday be treated by IRD as taxable income, and taxed at the same marginal rate as if it were wages! How common. Read on.
See also links to opinions on the report from 28 others, the political parties, business, environmental groups and so on.
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