Black Monday

**causecelebre** · Yesterday, 05:04 PM

Could be worse. We could be living in a state which taxes unrealised gains, a' la' Biden's, and now, Harris's policy. Oh wait, we do, or at least thats what our progressive left wants.

**Panda-NZ-** · Yesterday, 05:11 PM

Or have a minimum tax for wealthy people, like Biden implemented.

Because we're NZ and we don't want to hurt people's feelings.. It can be a more generous 15% up from 0% to align with our gst rate.

**Panda-NZ-** · Yesterday, 05:45 PM

Originally Posted by Daytr

You might be right there
1) it's perceived as less risk than stocks.
2) the Government has recently provided tax advantages for housing investment & yet the IRD, no doubt amped up by the Minister, appear to be looking to target capital gains on stocks.

Making us pay for their property tax policies.

Can I offset interest from an ASB margin loan against my personal tax. I'm running a small business too.. Panda enterprises.

Hmmm it seems I can. Shame about the sh*t interest asb offers.

**nztx** · Today, 12:43 AM

Originally Posted by Panda-NZ-

Making us pay for their property tax policies.

Can I offset interest from an ASB margin loan against my personal tax. I'm running a small business too... Panda enterprises.

Hmmm seems I can. Shame about the sh*t interest asb offers.

No squeals when Clark & Cullen were in over interest & property policies .. was there ?

Everything was rocking along just fine and none of the Beehive boys & girls wanted to rock the boat (or knew how)

Many from top to bottom of the dreaming-along regime was playing fancy games of collecting houses too ..

How many did Helen finally have on the tally card again ? Was it 8 or 12 ?

**causecelebre** · Today, 09:23 AM

Originally Posted by Panda-NZ-

Or have a minimum tax for wealthy people, like Biden implemented.

Because we're NZ and we don't want to hurt people's feelings.. It can be a more generous 15% up from 0% to align with our gst rate.

No I was making a point about taxing unrealised gains. I'm sure countries like the UAE would not only welcome US entrepreneurs with welcome arms they would go as far as paying the exit taxes

**Panda-NZ-** · Today, 11:47 AM

Originally Posted by causecelebre

No I was making a point about taxing unrealised gains. I'm sure countries like the UAE would not only welcome US entrepreneurs with welcome arms they would go as far as paying the exit taxes

I'm sure they would, but who wants to live there (religion, war and other nonsense). I'm sure property rights are really respected in UAE.

If you want to live in a Utopia though (ie wealthy areas in US/europe/AU) then there's a fee involved. Plenty of international students who come from wealthy families come to this same conclusion.

**causecelebre** · Today, 01:29 PM

Originally Posted by Panda-NZ-

I'm sure they would, but who wants to live there (religion, war and other such nonsense). I'm sure property rights are really respected in UAE.

If you want to live in a utopia though (wealthy areas in US/europe/AU) then there's a fee involved. Plenty of international students who come from wealthy families come to this conclusion.

Haha a liberal talking about libertarian property rights....they aren't respected in NZ so I guess we have that to draw on

**Panda-NZ-** · Today, 01:43 PM

They have been respected for 200 years non-stop.. though that probably excludes maori.

**Panda-NZ-** · Today, 01:52 PM

Why is Elon still in the US, likewise for nearly every other US billionaire.

When someone wants to move, it's to a place like NZ.
Not to somewhere a criminal gang can take your stuff or a dictator can freeze your assets and then eventually steal them under a made up charge of "corruption" with biased courts.