The Great Tax Robbery
The Great Tax Robbery
If you are able to save from your salary or wages you are being robbed – not by the banks but by the government.
Once you have, say, $1000 saved you may prefer to risk it on the share market but until you do the following happens (using current BNZ rates as it is our biggest bank but use your own figures, it does not change the story):
$1000 invested at 2.6% for 12 months gains $26 interest. Tax (at 30%) takes $7.80 leaving a new total of $1018.20 which ‘looks like’ profit of $18.20 BUT IS NOT.
With inflation (around) 2% though the real value, the purchasing power, of your original $1000 PLUS that interest (1018.20 x 0.98) is now only $997.84
Your $1000 (in terms of what it can buy) has lost money and the Government has taxed your losses – this only happens to savers, generally working people and the retired, not rich investors.
Robbery.
A Neighbourly Riddle! Don’t Overthink It… Or Do?😜
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
If you multiply this number by any other number, the answer will always be the same. What number is this?
Have you got New Zealand's best shed? Show us and win!
Once again, Resene and NZ Gardener are on the hunt for New Zealand’s best shed! Send in the photos and the stories behind your man caves, she sheds, clever upcycled spaces, potty potting sheds and colourful chicken coops. The Resene Shed of the Year 2026 winner receives $1000 Resene ColorShop voucher, a $908 large Vegepod Starter Pack and a one-year subscription to NZ Gardener. To enter, tell us in writing (no more than 500 words) why your garden shed is New Zealand’s best, and send up to five high-quality photos by email to mailbox@nzgardener.co.nz. Entries close February 23, 2026.
Fast paced comedy!!
I have agreed at very short notice to be involved in a Nelson Fringe Festival show! Alice has turned 65. On her party evening, she nods off watching late-night telly, and wakes in Retirementland. A wacky adventure ensues - the Rat Race sweeps her along and a wry cat asks difficult questions.
A playful kiwi comedy about rediscovering identity, and exploring and embracing life beyond work.
Alice in Retirementland features all your favourite characters in crazy new scenes adapted especially for Alice's latest adventure - rediscovering what is really important to her now that she has reached retirement age.
This mad action will appeal to anyone whether or not they are in a similar stage of life - there will be laughs for everyone as you spot your childhood favourites in their new roles.
This fabulous perennial tale has lost nothing in the re-telling, and promises a great night out for all!
Get your tickets here: nelsonfringe.co.nz...
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