John Keys tax rate 2.8%

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    Posted: 27 Aug 2014 at 11:21am
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Man that JK's a sexy binch

"MANA Movement Economic Justice spokesperson John Minto is calling for a radical overhaul of New Zealand’s taxation system with calculations showing that a minimum wage worker pays a ten times higher tax rate than the Prime Minister.

Minimum wage worker 28% tax

Prime Minister 2.8% tax

The minimum wage worker on 40 hours per week earns $29,640 and pays $4,207 in income tax and $4,149.60 in GST giving a total tax of $8,356.60 or 28% of income.

On the other hand the Prime Minister earns $428,000 from his PM’s salary along with this year’s $5,000,000 increase in his wealth (according to NBR’s rich list) which gives him a total income of $5,428,000. On this total income he pays just $132,160 in income tax and approximately $21,400 in GST giving a total tax of $153,560 or 2.8% of income.

This is a national embarrassment. Those least able to pay are under a heavy tax burden while the super-rich pay peanuts.

The National government and its attack bloggers refer to the working poor as scum, bludgers and ferals but it’s clear the real problem is with the top 1% of income earners who get all the benefits of taxpayer funded facilities and services but don’t pull their weight paying for them.

Cleaners, fast-food workers, hospitality workers and security guards are all heavily subsidising the lifestyles of the superrich.

These figures show we need an overhaul of our tax system so the Prime Minister and his rich-list colleagues pay their fair share."
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Post Options Post Options   Likes (0) Likes(0)   Quote 2 Meke Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 12:44pm
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Interesting, based on those figures it would seem that the amount of tax the minimum wage earner pays is roughly only 5% of what the PM pays. That sound fair to me
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Post Options Post Options   Likes (2) Likes(2)   Quote pompey Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 1:22pm
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It's a ' national embarrassment ' that any thinking person would believe such nonsense trotted out by one of the only Marxist's in the world, John Minto.
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Post Options Post Options   Likes (0) Likes(0)   Quote Dagwood Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 1:56pm
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"The National government and its attack bloggers refer to the working poor as scum, bludgers and ferals"

That's a hell of a claim. When and where is there a single instance of this?

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Post Options Post Options   Likes (0) Likes(0)   Quote daveo Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 2:05pm
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He's probably talking about that cameron slater scumbag, That guy is a real piece of sh*t
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Post Options Post Options   Likes (0) Likes(0)   Quote Stonefish Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 2:39pm
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I know this is an open forum and all but its so much better without generalised political attacks. Just gets tedious.
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Post Options Post Options   Likes (0) Likes(0)   Quote rustler Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 3:24pm
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I think you better check your facts ! especially concerning JK's salary and how much he takes home,
Thank god we have a Prime Minister with a brain.
I dont know of any instance where the PM or any MP from the main parties has or would refer to any workers as scum or feral,
It is a shame morons like Hagar, Dotcom and others are out to ruin our country, and disrupt politics  perhaps Slater is on the same level? sooner or later it will all come out.
'Politically Correct' a misguided bunch of morons who think they can pick up a piece of **** by the clean end.
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Post Options Post Options   Likes (0) Likes(0)   Quote gmacx Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 3:35pm
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Seems like a poor argument comparing income tax vs wealth tax

By that logic it could be argued most home owners and certainly most investors are paying substantially less tax due to no tax on unrealised capital gains, also assumed is minimum wage workers have no appreciating assets.

By Mana's argument someone with a house that appreciates $50k per annum and earns $50k pa will be required to pay $16,040 in tax. 32% of income. Very steep considering the $50k appreciation is unrealised.
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Post Options Post Options   Likes (1) Likes(1)   Quote Tagit Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 3:43pm
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Here is another way of looking at it - So on those figures, someone with a good income (regardless of who it is) contributes around 20 times more to the country than someone on a minimum income, yet somehow they aren't pulling their weight? I figure that in reality they are pulling several times their weight, and the only reason that someone on a minimum income gets the services they get from this country is because the higher income earners over contribute. 

heir is really no moral argument that justifies the 'uneven' taxing we use in NZ. Just a practical one that says we will have a better country with less poverty and political unrest that way. After all, why should someone be penalised for being cleverer or working harder than the next guy who shares exactly the same benefits other than 'consumption levels', which we tax separately anyway. 

I can look at a number of people that I went through school with who had the same start in life as me. Some are now wealthier and some are now poorer. Some went to university, and some partied whilst others studied. At the end of the day they mostly ended up where they put themselves. Why should the harder workers now be supporting the 'partiers'?

There is no perfect answer to this question other than we know that the 'Marxist' way, or anything close to it, eventually generates a grossly inefficient and unsustainable economy that will end in mass poverty and political abuse. I wouldn't be too quick to complain about the people that contribute most to what we already enjoy.
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Post Options Post Options   Likes (1) Likes(1)   Quote Muppet Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 4:27pm
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It's called neo-liberalism establishment
 

These mentalities owe everything to the shared ideology of the modern establishment, a set of ideas that helps it to rationalise and justify its position and behaviour. Often described as "neoliberalism", this ideology is based around a belief in so-called free markets: in transferring public assets to profit-driven businesses as far as possible; in a degree of opposition – if not hostility – to a formal role for the state in the economy; support for reducing the tax burden on private interests; and the driving back of any form of collective organisation that might challenge the status quo. This ideology is often rationalised as "freedom" – particularly "economic freedom" – and wraps itself in the language of individualism. These are beliefs that the establishment treats as common sense, as being a fact of life, just like the weather.

Not to subscribe to these beliefs is to be outside today's establishment, to be dismissed by it as an eccentric at best, or even as an extremist fringe element. Members of the establishment genuinely believe in this ideology – but it is a set of beliefs and policies that, rather conveniently, guarantees them ever growing personal riches and power.

 
Once you join the club either via by wealth creation, politics or even the frikken media I guess you start to become one of these arseholes.
I don't see why the rich and business cannot pay the same the same tax rate as the rest of us, they enjoy the benefits of all the public facilities more than the rest of us.
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Post Options Post Options   Likes (0) Likes(0)   Quote Capt Asparagus Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 4:36pm
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The same anti wealthy bs propaganda spewed out by the mana party. Why would anyone give any credit to anything Marxists would say, after the millions of dead they have left across the world in any state they ever achieved power in. You may not like Slater, but if he were in power, at least you'd not be put up in front of a sunny wall at dawn one day for a quiet ciggie and a short banging noise....Minto, I would almost guarantee you , would.
For your own good and in the interests of fairness and the nation of course, just as every Marxist in the last century has done
Tell me, if hone ever became p.m., would he refuse his salary as Key does? Fat chance.
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Post Options Post Options   Likes (0) Likes(0)   Quote onthedrop Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 5:05pm
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Mostly just wanted to share the pic of the PM in his baller ass pad.
John Minto wrote this not me and whilst I agree that its biased I took away from it these points.

-Our PM pulls in 428000 a year .....WTF
-He is filthy rich what are his motives for being in government?? The good of NZ and its people IDK



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Post Options Post Options   Likes (0) Likes(0)   Quote Grunta Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 5:11pm
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That 'increase' in wealth is unrealised and those figures are completely misleading but you'd expect that from someone like Minto.

Where that kind thinking would smash a lot of people is if it's applied to capital gains on small businesses. NZ is made up of SME's and many of those are businesses that individuals have toiled on and in over the years and are counting on the sale proceeds for their retirement. Those same businesses and the people running them have paid tax all the way through but there's a few parties who will plan on taking a slice of that.....

How many people on here does that apply to on here - heaps I'm picking. And good point from superhero, Key doesn't even take his salary.

Think carefully before you vote because there's some people and parties out there who will have this country down the economic gurgler before you can say "There's a thing". If the economy is stuffed then watch the pressure go on primary industries for more revenue and you can kiss goodbye to rebuilding our fisheries.
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Post Options Post Options   Likes (0) Likes(0)   Quote Stonefish Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 5:11pm
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John Key donates a large proportion of his salary to charity and in the past has openly recognised that he doesn't need the money or that he didn't get into politics for the money. Lots of info on the web about it if you want to go looking.
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Post Options Post Options   Likes (0) Likes(0)   Quote onthedrop Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 5:23pm
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Ok JK gives the money to charity HOW Philanthropic of him.
I'm not going to vote Mana.
I believe we've accrued heaps more debt under national....... thats not saving us from the gurgler
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Post Options Post Options   Likes (2) Likes(2)   Quote Finatic Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 5:29pm
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Heaven help us if Minto and his cohorts got even an ounce of power in this country! 

I think the 'national disgrace' is staring at Minto in the mirror each morning.LOL
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Post Options Post Options   Likes (0) Likes(0)   Quote KikBac Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 5:47pm
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I read this article (by John Minto) in its entirety on the "Unite" workers website. To derive the 28% tax paid by the minimum wage worker he simply added 15% GST to the 13% PAYE levied on the minimum wage. He completely ignored the fact that the biggest single expense (housing) is GST exempt and he assumed once you paid 13% PAYE you were also encumbered with a further 15% GST on 100% of your gross earnings, not 15% of the 87% you actually had left to spend!!! Let's hope this halfwit never gets anywhere near the treasury benches...
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Post Options Post Options   Likes (0) Likes(0)   Quote Raging Bull Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 6:37pm
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Originally posted by Dagwood Dagwood wrote:

The National government and its attack bloggers refer to the working poor as scum, bludgers and ferals"
It's true of Cameron Slater who is not part of the national party but is for all intents and purposes on the pay roll!
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Post Options Post Options   Likes (0) Likes(0)   Quote Raging Bull Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 6:41pm
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Originally posted by Tagit Tagit wrote:

Here is another way of looking at it - So on those figures, someone with a good income (regardless of who it is) contributes around 20 times more to the country than someone on a minimum income, yet somehow they aren't pulling their weight? I figure that
....
While you were at University did you have to borrow $50k to pay for your education or was it free?

Why is education not free now?? Because the government doesn't have enough cash because it doesn't collect enough tax! Who doesn't pay an equal percentage of tax???
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Post Options Post Options   Likes (1) Likes(1)   Quote Raging Bull Quote  Post ReplyReply Direct Link To This Post Posted: 27 Aug 2014 at 6:43pm
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Originally posted by Grunta Grunta wrote:

That 'increase' in wealth is unrealised and those figures are completely misleading but you'd expect that from someone like Minto.....
Key doesn't take his salary, true! But how much of it is "donated to charity"? Do those donations qualify for tax refunds ?
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