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.
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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60% Yes, supporting people is important!
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25.7% No, individuals should take responsibility
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14.3% ... It is complicated
Earth Emotions Silent Auction
Monday 16th February - Monday 2nd March
Bid on a special collection of 20 unframed prints by local photographers from an exhibition called Earth Emotions.
Glenn Allbrecht's book, Earth Emotions, inspired Ann Wheatley, Emma Jane Hughes and Peter Kemp to create a local exhibition exploring the health of our soils, waters, forests, and people, with support from the Nelson Tasman Climate Forum and the Nelson City Council.
Forty-seven photographers responded to an open call, contributing over 100 images. A selection of these was exhibited at the Refinery Art Space.
The photographers have donated 20 exhibition prints to raise funds for the hospice.
View on site at Nelson Tasman Hospice or check out the website here: sites.google.com...
🌿 n8tidy – Week #13 Garden Clean-Up Giveaway!
Comment “I’m in!” to enter – Winner drawn Thursday
Hi neighbours! 👋
Welcome to Week #13 of our community giveaway!
One lucky neighbour will win 1 hour of free gardening/yard clean-up from n8tidy this week.
How to participate
💬 Comment “I’m in!” below to enter
📅 Entries close Friday
🎲 Draw will take place Friday evening
5️⃣ Minimum 5 participants required
🙅 Current n8tidy customers cannot participate
🔄 You can join again every week!
What you can use your free hour for
- Weed removal
- Edging & trimming
- Light pruning
- Lawn mowing/Garden tidy-up
No green waste collection
The winner will be contacted directly to arrange their free clean-up hour.
Good luck everyone — and thanks for supporting local! 🌿😊
Fred - n8tidy
www.n8tidy.co.nz...
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