http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal of
a surplus? As the date approached the lefty twats howled louder - "it will never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended
have been given a boost, with new data showing the books were in the black
by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on
the operating balance before gains and losses (Obegal) of $2.3 billion against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same
time last year. Tax revenue has increased by 5.7 per cent while expenses
grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last month
of the financial year - as growth in expenses was expected to outpace revenue. Most key indicators were consistent with Budget forecasts, which included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast
largely due to higher than expected customs and excise duties ($188m),
source deductions ($182m) and GST ($98m). Some of those changes were due
to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the operating balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m
lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal of a surplus? As the date approached the lefty twats howled louder - "it will never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended
have been given a boost, with new data showing the books were in the black by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on the operating balance before gains and losses (Obegal) of $2.3 billion against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same time last year. Tax revenue has increased by 5.7 per cent while expenses grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last month of the financial year - as growth in expenses was expected to outpace revenue. Most key indicators were consistent with Budget forecasts, which included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast largely due to higher than expected customs and excise duties ($188m), source deductions ($182m) and GST ($98m). Some of those changes were due
to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the operating balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and liabilities were $195.3b."
Time for tax cuts then.
--
"From each according to his abilities, to each according to his needs." creates the incentive to minimize your abilities and maximize your needs.
On Tuesday, 5 July 2016 14:19:37 UTC+12, Allistar wrote:Time for a flat rate.
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal of >>> a surplus? As the date approached the lefty twats howled louder - "it will >>> never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended
have been given a boost, with new data showing the books were in the black >>> by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on >>> the operating balance before gains and losses (Obegal) of $2.3 billion
against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same
time last year. Tax revenue has increased by 5.7 per cent while expenses >>> grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last month >>> of the financial year - as growth in expenses was expected to outpace
revenue. Most key indicators were consistent with Budget forecasts, which >>> included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast
largely due to higher than expected customs and excise duties ($188m),
source deductions ($182m) and GST ($98m). Some of those changes were due >>> to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the operating >>> balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m
lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
Agreed.
--
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal of >> a surplus? As the date approached the lefty twats howled louder - "it will >> never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended
have been given a boost, with new data showing the books were in the black >> by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on
the operating balance before gains and losses (Obegal) of $2.3 billion
against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same
time last year. Tax revenue has increased by 5.7 per cent while expenses
grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last month >> of the financial year - as growth in expenses was expected to outpace
revenue. Most key indicators were consistent with Budget forecasts, which
included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast
largely due to higher than expected customs and excise duties ($188m),
source deductions ($182m) and GST ($98m). Some of those changes were due
to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the operating
balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m
lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal of >> a surplus? As the date approached the lefty twats howled louder - "it will >> never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended
have been given a boost, with new data showing the books were in the black >> by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on
the operating balance before gains and losses (Obegal) of $2.3 billion
against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same
time last year. Tax revenue has increased by 5.7 per cent while expenses
grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last month >> of the financial year - as growth in expenses was expected to outpace
revenue. Most key indicators were consistent with Budget forecasts, which
included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast
largely due to higher than expected customs and excise duties ($188m),
source deductions ($182m) and GST ($98m). Some of those changes were due
to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the operating
balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m
lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
On 5/07/2016 2:23 PM, JohnO wrote:
On Tuesday, 5 July 2016 14:19:37 UTC+12, Allistar wrote:Time for a flat rate.
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal of >>>> a surplus? As the date approached the lefty twats howled louder - "it will >>>> never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended >>>> have been given a boost, with new data showing the books were in the black >>>> by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on >>>> the operating balance before gains and losses (Obegal) of $2.3 billion >>>> against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same >>>> time last year. Tax revenue has increased by 5.7 per cent while expenses >>>> grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last month >>>> of the financial year - as growth in expenses was expected to outpace
revenue. Most key indicators were consistent with Budget forecasts, which >>>> included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast
largely due to higher than expected customs and excise duties ($188m), >>>> source deductions ($182m) and GST ($98m). Some of those changes were due >>>> to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the operating >>>> balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m >>>> lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
Agreed.
--
On Tue, 5 Jul 2016 16:15:19 +1200, Fred <dryrot@hotmail.com> wrote:of
On 5/07/2016 2:23 PM, JohnO wrote:
On Tuesday, 5 July 2016 14:19:37 UTC+12, Allistar wrote:
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal
willa surplus? As the date approached the lefty twats howled louder - "it
blacknever happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended >>>> have been given a boost, with new data showing the books were in the
monthby $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on >>>> the operating balance before gains and losses (Obegal) of $2.3 billion >>>> against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same >>>> time last year. Tax revenue has increased by 5.7 per cent while expenses >>>> grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last
whichof the financial year - as growth in expenses was expected to outpace >>>> revenue. Most key indicators were consistent with Budget forecasts,
operatingincluded an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast >>>> largely due to higher than expected customs and excise duties ($188m), >>>> source deductions ($182m) and GST ($98m). Some of those changes were due >>>> to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the
Time for a flat rate.balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m >>>> lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
Agreed.
--
We have one of the flattest tax structures in the world.
Allistar <me@hiddenaddress.com> wrote:
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal of >>> a surplus? As the date approached the lefty twats howled louder - "it will >>> never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended
have been given a boost, with new data showing the books were in the black >>> by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on >>> the operating balance before gains and losses (Obegal) of $2.3 billion
against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same
time last year. Tax revenue has increased by 5.7 per cent while expenses >>> grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last month >>> of the financial year - as growth in expenses was expected to outpace
revenue. Most key indicators were consistent with Budget forecasts, which >>> included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast
largely due to higher than expected customs and excise duties ($188m),
source deductions ($182m) and GST ($98m). Some of those changes were due >>> to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the operating >>> balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m
lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
Personally i don't want to see a tax cut but put the money into the
likes of health..
On Tuesday, 5 July 2016 17:21:03 UTC+12, Rich80105 wrote:of
On Tue, 5 Jul 2016 16:15:19 +1200, Fred <dryrot@hotmail.com> wrote:
On 5/07/2016 2:23 PM, JohnO wrote:
On Tuesday, 5 July 2016 14:19:37 UTC+12, Allistar wrote:
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal
Time for a flat rate.a surplus? As the date approached the lefty twats howled louder - "it will
never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended >> >>>> have been given a boost, with new data showing the books were in the black
by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on
the operating balance before gains and losses (Obegal) of $2.3 billion >> >>>> against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same >> >>>> time last year. Tax revenue has increased by 5.7 per cent while expenses
grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last month
of the financial year - as growth in expenses was expected to outpace >> >>>> revenue. Most key indicators were consistent with Budget forecasts, which
included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast
largely due to higher than expected customs and excise duties ($188m), >> >>>> source deductions ($182m) and GST ($98m). Some of those changes were due
to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the operating
balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m >> >>>> lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
Agreed.
--
We have one of the flattest tax structures in the world.
Then they have some work to get flatter.
The top 15% of people pay 50% of the taxes.
Hardly flat.
And before you start braying 'cite', or 'what about GST' etc ... >http://www.victoria.ac.nz/news/2013/income-taxpayers
On Tuesday, 5 July 2016 20:39:36 UTC+12, Rich80105 wrote:goal of
On Tue, 5 Jul 2016 01:09:43 -0700 (PDT), JohnO <johno1234@gmail.com>
wrote:
On Tuesday, 5 July 2016 17:21:03 UTC+12, Rich80105 wrote:
On Tue, 5 Jul 2016 16:15:19 +1200, Fred <dryrot@hotmail.com> wrote:
On 5/07/2016 2:23 PM, JohnO wrote:
On Tuesday, 5 July 2016 14:19:37 UTC+12, Allistar wrote:
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their
"it willa surplus? As the date approached the lefty twats howled louder -
endednever happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just
the blackhave been given a boost, with new data showing the books were in
surplus onby $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a
billionthe operating balance before gains and losses (Obegal) of $2.3
sameagainst a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the
expensestime last year. Tax revenue has increased by 5.7 per cent while
last monthgrew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the
outpaceof the financial year - as growth in expenses was expected to
whichrevenue. Most key indicators were consistent with Budget forecasts,
forecastincluded an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than
($188m),largely due to higher than expected customs and excise duties
were duesource deductions ($182m) and GST ($98m). Some of those changes
operatingto timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the
$469mbalance was in deficit by $1.5b - just $82m larger than forecast. >> >>>>
Net debt at $61.5b (24.7 per cent of gross domestic product) was
This is obvious to all but the most dull-witted.Time for a flat rate.lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
Agreed.
--
We have one of the flattest tax structures in the world.
Then they have some work to get flatter.
The top 15% of people pay 50% of the taxes.
Hardly flat.
And before you start braying 'cite', or 'what about GST' etc ... >http://www.victoria.ac.nz/news/2013/income-taxpayers
There is no logical reason why Family tax credits, social welfare
benefits or Accomodation supplements should be deducted from Income
tax - why not deduct other aspects of government expenditure?
Because they are a benefit paid to an individual and of no benefit to others.
posting analysis from the NZ initiative who are not party affiliated, you hypocritical little wanker.Here is another more recent calculation that selects a slightly
different range of top earners. It is interesting that the top
earners own a higher share of wealth than they do of (taxable) income
as well . . .
http://publicaddress.net/polity/english-canards/
Polity is run by a Labour party operative. You've whinged today about me
There have been previous blog posts on this issue as well - see for example: http://www.statschat.org.nz/2013/09/04/nz-taxbenefit-system-is-moderately-progressive/
http://notstatschat.tumblr.com/post/60268883295/what-i-said-on-statschat-only-shorter-and-with
http://publicaddress.net/onpoint/why-does-the-top-10-paying-more-tax-an-interactive/
Besides, as I am sure you know, Family tax credits and Accomopdation Supplements are paid entirely out of Company taxes - they are
Nonsense. They are paid from the consolidated fund.
effectively a subsidy to employers that help them keep wages lower
than they would otherwise have to be for employees to be able to
afford to live near their place of work. (Its relative of course -
Stop making shit up.
transport costs are effectively another tax for many of the poor, but
they don;t go in the tables either.)
Drivel.
On Tue, 5 Jul 2016 01:09:43 -0700 (PDT), JohnO <johno1234@gmail.com>goal of
wrote:
On Tuesday, 5 July 2016 17:21:03 UTC+12, Rich80105 wrote:
On Tue, 5 Jul 2016 16:15:19 +1200, Fred <dryrot@hotmail.com> wrote:
On 5/07/2016 2:23 PM, JohnO wrote:
On Tuesday, 5 July 2016 14:19:37 UTC+12, Allistar wrote:
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their
willa surplus? As the date approached the lefty twats howled louder - "it
endednever happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just
blackhave been given a boost, with new data showing the books were in the
onby $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus
billionthe operating balance before gains and losses (Obegal) of $2.3
sameagainst a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the
expensestime last year. Tax revenue has increased by 5.7 per cent while
monthgrew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last
whichof the financial year - as growth in expenses was expected to outpace >> >>>> revenue. Most key indicators were consistent with Budget forecasts,
($188m),included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast >> >>>> largely due to higher than expected customs and excise duties
duesource deductions ($182m) and GST ($98m). Some of those changes were
operatingto timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the
$469mbalance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was
Time for a flat rate.lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
Agreed.
--
We have one of the flattest tax structures in the world.
Then they have some work to get flatter.
The top 15% of people pay 50% of the taxes.
Hardly flat.
And before you start braying 'cite', or 'what about GST' etc ... >http://www.victoria.ac.nz/news/2013/income-taxpayers
There is no logical reason why Family tax credits, social welfare
benefits or Accomodation supplements should be deducted from Income
tax - why not deduct other aspects of government expenditure?
Here is another more recent calculation that selects a slightly
different range of top earners. It is interesting that the top
earners own a higher share of wealth than they do of (taxable) income
as well . . .
http://publicaddress.net/polity/english-canards/
There have been previous blog posts on this issue as well - see for
example: http://www.statschat.org.nz/2013/09/04/nz-taxbenefit-system-is-moderately-progressive/
http://notstatschat.tumblr.com/post/60268883295/what-i-said-on-statschat-only-shorter-and-with
http://publicaddress.net/onpoint/why-does-the-top-10-paying-more-tax-an-interactive/
Besides, as I am sure you know, Family tax credits and Accomopdation Supplements are paid entirely out of Company taxes - they are
effectively a subsidy to employers that help them keep wages lower
than they would otherwise have to be for employees to be able to
afford to live near their place of work. (Its relative of course -
transport costs are effectively another tax for many of the poor, but
they don;t go in the tables either.)
On Tuesday, 5 July 2016 20:39:36 UTC+12, Rich80105 wrote:black
On Tue, 5 Jul 2016 01:09:43 -0700 (PDT), JohnO <johno1234@gmail.com>
wrote:
On Tuesday, 5 July 2016 17:21:03 UTC+12, Rich80105 wrote:
On Tue, 5 Jul 2016 16:15:19 +1200, Fred <dryrot@hotmail.com> wrote:
On 5/07/2016 2:23 PM, JohnO wrote:
On Tuesday, 5 July 2016 14:19:37 UTC+12, Allistar wrote:
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal of
a surplus? As the date approached the lefty twats howled louder - "it will
never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended
have been given a boost, with new data showing the books were in the
monthby $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on
the operating balance before gains and losses (Obegal) of $2.3 billion
against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same
time last year. Tax revenue has increased by 5.7 per cent while expenses
grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last
dueof the financial year - as growth in expenses was expected to outpace
revenue. Most key indicators were consistent with Budget forecasts, which
included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast >> >> >>>> largely due to higher than expected customs and excise duties ($188m),
source deductions ($182m) and GST ($98m). Some of those changes were
So we should also cut out the bribe to the Saudi businessman, theTime for a flat rate.to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the operating
balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m
lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
Agreed.
--
We have one of the flattest tax structures in the world.
Then they have some work to get flatter.
The top 15% of people pay 50% of the taxes.
Hardly flat.
And before you start braying 'cite', or 'what about GST' etc ...
http://www.victoria.ac.nz/news/2013/income-taxpayers
There is no logical reason why Family tax credits, social welfare
benefits or Accomodation supplements should be deducted from Income
tax - why not deduct other aspects of government expenditure?
Because they are a benefit paid to an individual and of no benefit to others. This is obvious to all but the most dull-witted.
Here is another more recent calculation that selects a slightly
different range of top earners. It is interesting that the top
earners own a higher share of wealth than they do of (taxable) income
as well . . .
http://publicaddress.net/polity/english-canards/
Polity is run by a Labour party operative. You've whinged today about me posting analysis from the NZ initiative who are not party affiliated, you hypocritical little wanker.
As are accomodation supplements, family tax credits and social welfare benefits. Accomodation supplements are only needed of course becauseThere have been previous blog posts on this issue as well - see for
example:
http://www.statschat.org.nz/2013/09/04/nz-taxbenefit-system-is-moderately-progressive/
http://notstatschat.tumblr.com/post/60268883295/what-i-said-on-statschat-only-shorter-and-with
http://publicaddress.net/onpoint/why-does-the-top-10-paying-more-tax-an-interactive/
Besides, as I am sure you know, Family tax credits and Accomopdation
Supplements are paid entirely out of Company taxes - they are
Nonsense. They are paid from the consolidated fund.
Yes I know, you just love those family tax credits - they are aftereffectively a subsidy to employers that help them keep wages lower
than they would otherwise have to be for employees to be able to
afford to live near their place of work. (Its relative of course -
Stop making shit up.
I've usually thought that about your posts too - you do so often abusetransport costs are effectively another tax for many of the poor, but
they don;t go in the tables either.)
Drivel.
On Tue, 5 Jul 2016 02:24:32 -0700 (PDT), JohnO <johno1234@gmail.com>goal of
wrote:
On Tuesday, 5 July 2016 20:39:36 UTC+12, Rich80105 wrote:
On Tue, 5 Jul 2016 01:09:43 -0700 (PDT), JohnO <johno1234@gmail.com>
wrote:
On Tuesday, 5 July 2016 17:21:03 UTC+12, Rich80105 wrote:
On Tue, 5 Jul 2016 16:15:19 +1200, Fred <dryrot@hotmail.com> wrote:
On 5/07/2016 2:23 PM, JohnO wrote:
On Tuesday, 5 July 2016 14:19:37 UTC+12, Allistar wrote:
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their
"it willa surplus? As the date approached the lefty twats howled louder -
endednever happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just
the blackhave been given a boost, with new data showing the books were in
surplus onby $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a
billionthe operating balance before gains and losses (Obegal) of $2.3
sameagainst a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the
expensestime last year. Tax revenue has increased by 5.7 per cent while
last monthgrew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the
outpaceof the financial year - as growth in expenses was expected to
forecasts, whichrevenue. Most key indicators were consistent with Budget
forecastincluded an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than
($188m),largely due to higher than expected customs and excise duties
were duesource deductions ($182m) and GST ($98m). Some of those changes
operatingto timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the
$469mbalance was in deficit by $1.5b - just $82m larger than forecast. >> >> >>>>
Net debt at $61.5b (24.7 per cent of gross domestic product) was
others. This is obvious to all but the most dull-witted.Time for a flat rate.lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and >> >> >>>> liabilities were $195.3b."
Time for tax cuts then.
Agreed.
--
We have one of the flattest tax structures in the world.
Then they have some work to get flatter.
The top 15% of people pay 50% of the taxes.
Hardly flat.
And before you start braying 'cite', or 'what about GST' etc ...
http://www.victoria.ac.nz/news/2013/income-taxpayers
There is no logical reason why Family tax credits, social welfare
benefits or Accomodation supplements should be deducted from Income
tax - why not deduct other aspects of government expenditure?
Because they are a benefit paid to an individual and of no benefit to
So we should also cut out the bribe to the Saudi businessman, the
subsidy to the Aluminium smelter, travel perks to past MPs
, costs of
the Ministerial limos
- where does it end?
posting analysis from the NZ initiative who are not party affiliated, you hypocritical little wanker.
Here is another more recent calculation that selects a slightly
different range of top earners. It is interesting that the top
earners own a higher share of wealth than they do of (taxable) income
as well . . .
http://publicaddress.net/polity/english-canards/
Polity is run by a Labour party operative. You've whinged today about me
The calculations are all there - what part of them do you disagree
with?
There have been previous blog posts on this issue as well - see for
example:
http://www.statschat.org.nz/2013/09/04/nz-taxbenefit-system-is-moderately-progressive/
http://notstatschat.tumblr.com/post/60268883295/what-i-said-on-statschat-only-shorter-and-with
http://publicaddress.net/onpoint/why-does-the-top-10-paying-more-tax-an-interactive/
Besides, as I am sure you know, Family tax credits and Accomopdation
Supplements are paid entirely out of Company taxes - they are
Nonsense. They are paid from the consolidated fund.As are accomodation supplements, family tax credits and social welfare
benefits. Accomodation supplements are only needed of course because
NAtional has run down housing New Zealand - so the first call for
funds for thaose payments should be the dividend the government
receives from housing NZ . . . See how it works?
effectively a subsidy to employers that help them keep wages lower
than they would otherwise have to be for employees to be able to
afford to live near their place of work. (Its relative of course -
Stop making shit up.Yes I know, you just love those family tax credits - they are after
all just another form of social welfare - with companies just
happening to benefit . . .
transport costs are effectively another tax for many of the poor, but
they don;t go in the tables either.)
Drivel.I've usually thought that about your posts too - you do so often abuse posters you disagree with - its far easier than reasoned argument,
isnt it', driveller?
Allistar <me@hiddenaddress.com> wrote:
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal
of a surplus? As the date approached the lefty twats howled louder - "it >>> will never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended
have been given a boost, with new data showing the books were in the
black by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on >>> the operating balance before gains and losses (Obegal) of $2.3 billion
against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same
time last year. Tax revenue has increased by 5.7 per cent while expenses >>> grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last
month of the financial year - as growth in expenses was expected to
outpace revenue. Most key indicators were consistent with Budget
forecasts, which included an expected surplus of $668m for the full
year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast
largely due to higher than expected customs and excise duties ($188m),
source deductions ($182m) and GST ($98m). Some of those changes were due >>> to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the
operating balance was in deficit by $1.5b - just $82m larger than
forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m
lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
Personally i don't want to see a tax cut but put the money into the
likes of health..
On Tue, 05 Jul 2016 14:19:30 +1200, Allistar <me@hiddenaddress.com>
wrote:
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal
of a surplus? As the date approached the lefty twats howled louder - "it >>> will never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended
have been given a boost, with new data showing the books were in the
black by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on >>> the operating balance before gains and losses (Obegal) of $2.3 billion
against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same
time last year. Tax revenue has increased by 5.7 per cent while expenses >>> grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last
month of the financial year - as growth in expenses was expected to
outpace revenue. Most key indicators were consistent with Budget
forecasts, which included an expected surplus of $668m for the full
year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast
largely due to higher than expected customs and excise duties ($188m),
source deductions ($182m) and GST ($98m). Some of those changes were due >>> to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the
operating balance was in deficit by $1.5b - just $82m larger than
forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m
lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
So increasing debt to 68% of assets signals time for reducing income
to you does it Allistar?
What level of debt do you consider acceptable
to be paid off by future generations?
And where in your brave new
world will the money come from?
On Tue, 5 Jul 2016 16:15:19 +1200, Fred <dryrot@hotmail.com> wrote:
On 5/07/2016 2:23 PM, JohnO wrote:
On Tuesday, 5 July 2016 14:19:37 UTC+12, Allistar wrote:Time for a flat rate.
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their
goal of a surplus? As the date approached the lefty twats howled
louder - "it will never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended >>>>> have been given a boost, with new data showing the books were in the >>>>> black by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus >>>>> on the operating balance before gains and losses (Obegal) of $2.3
billion against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the
same time last year. Tax revenue has increased by 5.7 per cent while >>>>> expenses grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last >>>>> month of the financial year - as growth in expenses was expected to
outpace revenue. Most key indicators were consistent with Budget
forecasts, which included an expected surplus of $668m for the full
year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast >>>>> largely due to higher than expected customs and excise duties ($188m), >>>>> source deductions ($182m) and GST ($98m). Some of those changes were >>>>> due to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the
operating balance was in deficit by $1.5b - just $82m larger than
forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m >>>>> lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
Agreed.
--
We have one of the flattest tax structures in the world.
On Tue, 5 Jul 2016 16:15:19 +1200, Fred <dryrot@hotmail.com> wrote:
On 5/07/2016 2:23 PM, JohnO wrote:
On Tuesday, 5 July 2016 14:19:37 UTC+12, Allistar wrote:Time for a flat rate.
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their
goal of
a surplus? As the date approached the lefty twats howled louder - "it >>>>> will
never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended >>>>> have been given a boost, with new data showing the books were in the >>>>> black
by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus >>>>> on
the operating balance before gains and losses (Obegal) of $2.3 billion >>>>> against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the
same
time last year. Tax revenue has increased by 5.7 per cent while
expenses
grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last >>>>> month
of the financial year - as growth in expenses was expected to outpace >>>>> revenue. Most key indicators were consistent with Budget forecasts,
which
included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast >>>>> largely due to higher than expected customs and excise duties ($188m), >>>>> source deductions ($182m) and GST ($98m). Some of those changes were >>>>> due
to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the
operating
balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m >>>>> lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
Agreed.
--
We have one of the flattest tax structures in the world.
On Tue, 05 Jul 2016 14:19:30 +1200, Allistar <me@hiddenaddress.com>
wrote:
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed their goal
of
a surplus? As the date approached the lefty twats howled louder - "it
will
never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year just ended
have been given a boost, with new data showing the books were in the
black
by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a surplus on >>> the operating balance before gains and losses (Obegal) of $2.3 billion
against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at the same
time last year. Tax revenue has increased by 5.7 per cent while expenses >>> grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June - the last
month
of the financial year - as growth in expenses was expected to outpace
revenue. Most key indicators were consistent with Budget forecasts,
which
included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than forecast
largely due to higher than expected customs and excise duties ($188m),
source deductions ($182m) and GST ($98m). Some of those changes were due >>> to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result, the
operating
balance was in deficit by $1.5b - just $82m larger than forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product) was $469m
lower than forecast.
At the end of May, total Crown assets were valued at $285.6b and
liabilities were $195.3b."
Time for tax cuts then.
So increasing debt to 68% of assets signals time for reducing income
to you does it Allistar? What level of debt do you consider acceptable
to be paid off by future generations? And where in your brave new
world will the money come from?
On Tuesday, 5 July 2016 22:31:14 UTC+12, Rich80105 wrote:
On Tue, 5 Jul 2016 02:24:32 -0700 (PDT), JohnO <johno1234@gmail.com>
wrote:
On Tuesday, 5 July 2016 20:39:36 UTC+12, Rich80105 wrote:So we should also cut out the bribe to the Saudi businessman, the
On Tue, 5 Jul 2016 01:09:43 -0700 (PDT), JohnO <johno1234@gmail.com>
wrote:
On Tuesday, 5 July 2016 17:21:03 UTC+12, Rich80105 wrote:
On Tue, 5 Jul 2016 16:15:19 +1200, Fred <dryrot@hotmail.com> wrote:
On 5/07/2016 2:23 PM, JohnO wrote:
On Tuesday, 5 July 2016 14:19:37 UTC+12, Allistar wrote:Time for a flat rate.
JohnO wrote:
http://www.stuff.co.nz/business/industries/81763632/government-books-still-on-track-for-solid-surplus-in-2016-year
Remember the howls from the left when the government claimed
their goal of
a surplus? As the date approached the lefty twats howled
louder - "it will
never happen!"
And then when it did happen, they howled "it will never last!"
Well, looking like NZ is heading into a second year of
surplus.
Suck it up, lefties.
"Hopes of a Government Budget surplus in the financial year
just ended
have been given a boost, with new data showing the books were
in the black
by $320 million more than forecast at the end of May.
The financial statements for the 11 months to May 31 showed a
surplus on
the operating balance before gains and losses (Obegal) of $2.3
billion
against a forecast $1.98b.
The surplus of $2.3b compared to an Obegal surplus of $1.2b at
the same
time last year. Tax revenue has increased by 5.7 per cent
while expenses
grew by 2.3 per cent over that time.
Treasury said the surplus was expected to decline in June -
the last month
of the financial year - as growth in expenses was expected to
outpace
revenue. Most key indicators were consistent with Budget
forecasts, which
included an expected surplus of $668m for the full year.
Tax revenue at $64.7b was 0.6 per cent or $364m higher than
forecast
largely due to higher than expected customs and excise duties
($188m),
source deductions ($182m) and GST ($98m). Some of those
changes were due
to timing of payments but some were permanent, Treasury said.
Expenses at $67.2b were close to forecast.
When gains and losses were combined with the Obegal result,
the operating
balance was in deficit by $1.5b - just $82m larger than
forecast.
Net debt at $61.5b (24.7 per cent of gross domestic product)
was $469m
lower than forecast.
At the end of May, total Crown assets were valued at $285.6b
and
liabilities were $195.3b."
Time for tax cuts then.
Agreed.
--
We have one of the flattest tax structures in the world.
Then they have some work to get flatter.
The top 15% of people pay 50% of the taxes.
Hardly flat.
And before you start braying 'cite', or 'what about GST' etc ...
http://www.victoria.ac.nz/news/2013/income-taxpayers
There is no logical reason why Family tax credits, social welfare
benefits or Accomodation supplements should be deducted from Income
tax - why not deduct other aspects of government expenditure?
Because they are a benefit paid to an individual and of no benefit to
others. This is obvious to all but the most dull-witted.
subsidy to the Aluminium smelter, travel perks to past MPs
Agreed. But we are discussing personal tax rates here you retard.
, costs of
the Ministerial limos
No for operational and security reasons they make sense.
- where does it end?
Common sense. Something you lack, I'm afraid.
Here is another more recent calculation that selects a slightly
different range of top earners. It is interesting that the top
earners own a higher share of wealth than they do of (taxable) income
as well . . .
http://publicaddress.net/polity/english-canards/
Polity is run by a Labour party operative. You've whinged today about me
posting analysis from the NZ initiative who are not party affiliated,
you hypocritical little wanker.
The calculations are all there - what part of them do you disagree
with?
Why on earth would I waste my time. He's a Labour hack and is purely politically motivated had has history for producing crap such as the
"chink sounding names" fiasco.
Take a look act the Victoria University analysis I posted. It is impartial and authoritative.
As are accomodation supplements, family tax credits and social welfare
There have been previous blog posts on this issue as well - see for
example:
http://www.statschat.org.nz/2013/09/04/nz-taxbenefit-system-is-moderately-progressive/
http://notstatschat.tumblr.com/post/60268883295/what-i-said-on-statschat-only-shorter-and-with
http://publicaddress.net/onpoint/why-does-the-top-10-paying-more-tax-an-interactive/
Besides, as I am sure you know, Family tax credits and Accomopdation
Supplements are paid entirely out of Company taxes - they are
Nonsense. They are paid from the consolidated fund.
So you admit you made that up aboutbeing paid "entirely out of company
taxes" then. Good.
benefits. Accomodation supplements are only needed of course because
NAtional has run down housing New Zealand - so the first call for
Stop making shit up. Accommodation supplements came in before this
government came to power.
funds for thaose payments should be the dividend the government
receives from housing NZ . . . See how it works?
All I see is Dickbot making shit up. Thats how the left roll...
Yes I know, you just love those family tax credits - they are aftereffectively a subsidy to employers that help them keep wages lower
than they would otherwise have to be for employees to be able to
afford to live near their place of work. (Its relative of course -
Stop making shit up.
all just another form of social welfare - with companies just
happening to benefit . . .
Companies do not benefit from family tax credits. You are making shit up, again.
I've usually thought that about your posts too - you do so often abusetransport costs are effectively another tax for many of the poor, but
they don;t go in the tables either.)
Drivel.
posters you disagree with - its far easier than reasoned argument,
isnt it', driveller?
You don't do reasoned arguments, Dickbot. You just make shit up. And get exposed for it every time.
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