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: If we want to reduce speeding, what do you think actually changes driver behaviour? 🛻🚨🚓
In the Post's article on speeding penalties, the question is asked whether speeding fines are truly about road safety, or are they just a way to boost revenue for the Crown?
What do you think? Should speeding motorists receive speeding fines or demerit points?
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32.1% The sting of a fine (Money talks!)
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67.9% The threat of demerit points (Nobody wants to lose their license!)
window cleaning
Recommendation please, reasonable price to do both inside and outside windows.
🌿 n8tidy – Week #15 Garden Clean-Up Giveaway!
Comment “I’m in!” to enter – Winner drawn Friday
Hi neighbours! 👋
Welcome to Week #15 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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