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: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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79.8% Yes! It's better to regift what I don't need
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20.2% No. It's the thought and effort that matters
Today’s Mind-Bender is the Last of the Year! Can You Guess It Before Everyone Else? 🌟🎁🌲
I dance in the sky with green and gold, a spectacle few are lucky to behold; I’m best seen in the south, a celestial sight—what am I, lighting up the New Zealand night?
Do you think you know the answer? Simply 'Like' this post and we'll post the answer in the comments below at 2pm on the day!
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🌿 n8tidy – Week #5 Garden Clean-Up Giveaway!
Comment “I’m in!” to enter – Winner drawn each Wednesday
Hi neighbours! 👋
Welcome to Week 5 of our new 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 Wednesday at 6 pm
🎲 Draw will take place Wednesday 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/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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