Cogito, ergo sum. I think, therefore I am. (René Descartes, mathematician and philosopher,1599-1650)

Monday, 4 February 2019

Two Views on Simon Bridges' Tax Thresholds


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Martyn Bradbury (click for full article) in The Daily Blog argues that Simon Bridges' promise to progressively revamp tax thresholds  to keep  pace with inflation is no better than an offer of  a Big MacCombo.
National’s tax plan to give the average worker an extra $430 a year. National leader Simon Bridges is pledging to move tax thresholds every three years in line with inflation, which would see someone on the average wage with an extra $430 a year in 2021.
…so what does that work out as weekly? $8.27 per week, that’s not even a Big Mac Combo each week.

Tracy Watkins (click for full article) in Stuff,  on the other hand, argues that:
"Bridges announced a shift in tax thresholds to ensure middle-income workers weren't pushed into the top tax bracket – a promise that ticks both the "fairness' box and cost-of-living concerns. Labour barely even bothered to criticise the announcement, because it knew that it would be popular."
She also discusses the difficulties Labour will face in ts response to the Tax Working Group, that is likely to recommend a capital gains tax is front and centre of its recommendations.


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