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  • Fiscal drag on tax brackets

    From Gordon@21:1/5 to All on Wed Apr 19 22:10:26 2023
    This has been a decades old problem and it still is here with us tax payers.

    The same relative amount of tax should be collected. This does not happen
    when the tax brackets stay the same as inflation rages. It is only logical
    and fair to adjust the tax brackets on a regular basis.

    https://www.stuff.co.nz/business/opinion-analysis/300856794/ruth-richardson-the-taxation-problem-i-should-have-fixed-33-years-ago

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Crash@21:1/5 to Gordon on Thu Apr 20 11:03:16 2023
    On 19 Apr 2023 22:10:26 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    This has been a decades old problem and it still is here with us tax payers.

    The same relative amount of tax should be collected. This does not happen >when the tax brackets stay the same as inflation rages. It is only logical >and fair to adjust the tax brackets on a regular basis.

    https://www.stuff.co.nz/business/opinion-analysis/300856794/ruth-richardson-the-taxation-problem-i-should-have-fixed-33-years-ago

    Long recognised but never fixed by both Labour and National
    governments, both of which prefer to continue with increased taxation
    caused by income inflation.


    --
    Crash McBash

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JohnO@21:1/5 to Crash on Wed Apr 19 23:11:20 2023
    On Thursday, 20 April 2023 at 09:03:17 UTC+10, Crash wrote:
    On 19 Apr 2023 22:10:26 GMT, Gordon <Gor...@leaf.net.nz> wrote:

    This has been a decades old problem and it still is here with us tax payers.

    The same relative amount of tax should be collected. This does not happen >when the tax brackets stay the same as inflation rages. It is only logical >and fair to adjust the tax brackets on a regular basis.

    https://www.stuff.co.nz/business/opinion-analysis/300856794/ruth-richardson-the-taxation-problem-i-should-have-fixed-33-years-ago
    Long recognised but never fixed by both Labour and National
    governments, both of which prefer to continue with increased taxation
    caused by income inflation.


    --
    Crash McBash

    Correct. ACT is the only hope for bracket indexation.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)