/biz/ - Business & Finance

>>25673133
American here. I have no idea what New Zealand's currency looks like. I don't know your Prime Minister's name, and I don't even know if you have koalas or kangaroos on your Island. I know that Lord of the Rings is on there and you don't have COVID cases currently.

>>25673133
Yeah this is what happens when your currency is just a free floating number dictated by a gang of delusional Keynesians

>>25673208
I googled your money. Apparently it has the Queen of England on it. I didn't know you were a part of the commonwealth. I literally don't think about you ever. It's not that you're bad, you're just...not on my radar. I have no reason to care about your country.

>>25673208
Based American.
We don't have Koalas or Kangaroos

Id pay money for NZ PM brapcow to fart with odor in my mouth.

>>25673208
Another American, agree with everything said here except I didn’t know the covid fact and I know the mega upload guy lives on a huge as compound there under house arrest.

>>25673448
How do you guys not know anything about NZ lol

>>25673133
>39% FOR EVERY DOLLAR OVER 180K.
Isn't $1 NZD worth like $0.60 USD? That's nightmarish.
>This is the perfect tax rate to FUCK over anyone TRYING to make it . 180k year is more or less mid to upper class
That's the intent, they want a lower class of obedient serfs and their own ruling class with nobody to compete with or question it.

>>25673475
It's an Island with like 5 million people. I need to know my local politicians, my senator, other senators, who is on the supreme court, who is the president vp, Speaker of the house, who is in the cabinet and all that shit. My brain is damaged enough trying to wrap my head around my own country's complex legal system.

>>25673475
Only retard americans havent noticed your sexy ass prime minister. I bet shes a dominatrix in bed.

>>25673475
Burger here who is a bit more cultured
>sheep
>Lorde
>OMC
>that band that did walkie talkie man
>sheep
>mauris
>hakka
>rugby
>sheep
>Kim Dotcom
>LoTR
>biker gangs
>sheep
>flight of the concords
>nice scenery
>hijabi prime Minister
>Peter Thiel is moving there
>more sheep
I'd like to visit some day.

>>25673254
Reject Modernity, Return to Shillings.

>>25673208
>American here
Cringe
Also Jacinda is smoking and I wish she ruled NZ as a gommie dictatorship
t. ausfag

>>25673133
your country is fucked bro
but we are right behind you atm

>>25673598
Then even worse, is that people are happy to be fucked over. The world is fucked, I think people do not realize that the government (in theory) works for the people and if we tell them to get fucked collectively they just bend the knee.

Howevever the tables have turned and people are fucking pussies now "that's just the way it is" "I pay taxes so we have roads " "duhHhHHhhh"

Fuck this gay earth

>>25673598
You realize their wages are higher right?
It's not stronger money = gooder, although the cost of living is higher

>>25673626
It's not a small island, it's bigger than the entire UK

>>25673734
The middle class in our countries are spineless pussies AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>25673475
Dude our history class literally only talks about us, hitler, and the USSR. World geo is like hey what countries are on this continent they don’t really dive deep into the history of stuff. The only other thing I know about New Zealand is the kiwi shilling they did cause I watched some YouTube documentary over it. I only recently started to pay attention to other world leaders cause I had studied abroad in Germany a few years back and they were like do you guys listen to German rap in America like we listen to yours?? And I’m like uhhhh I know money over bitches... I didn’t even realize they had different German accents man. I mean you could say it’s muh American stupidity but I think we really are just isolated from the rest of the world because why would we consume media from anyone else when literally everyone consumes ours anyways. We aren’t close to any other developed nations really either other than Canada and they are just the nicer Americans up north desu.

>>25673797
I know it balances out, I'm just pointing out that placing a 39% tax on income over $180k NZD is equivalent to placing one on income over $110k USD.

>>25673133
And zero tax on real estate

>>25673993
New zealand? More like new china haha am i right guys

>>25673598
180k is the top 2% of wages bro, over here we have low wages and high living costs, the worst ratio of wages to costs in the world

>>25673797
niggerdick what. Their cost of living is much higher than ours and their wages are much lower.

>>25674019
They use us as a bank, they buy houses and they earn like 10% pa and the CCP can't touch it. Often they don't even bother renting them out, but if they do they get awesome returns because it's rent plus capital gains and no tax

>>25674070
This is why the housing situation is fucked, we need someone with balls to make a change.

I was looking at buying in Arthurs pass, every auction was filled with chinks outbidding everyone by 500k plus.

>>25673696
>Also Jacinda is smoking and I wish she ruled NZ as a gommie dictatorship
t. mister ed

>>25673133
I think people who just managed to get six figures should be taxed full for a couple years. Let them buy a house and invest some of that cash instead of stealing half

>>25674198
Fuck chinks, for some reason they're not really in Invercargill, for now.
Also there is no rent control. Most countries have it. Rent should be as much as a mortgage repayment tops, but they charge twice as much.

I have 70k (nz) that I wanted for a deposit but it's not enough, I'm thinking about chucking it in crypto incase it 10x at EOY, that's my only chance it's fucked

>>25673133
German here 39% are cute. Try 70-80% wich are hidden behind a burocratic nightmare.

>>25673475
Be thankful they don't. Continue keeping yourselves off maps too, although I see Gaben has managed to find his way down there.

>>25673626
who is the president and vp of USA anyway?

>>25673664
OMC lmao you're probably the last American to remember them

>>25674308
Our tax works differently, it's 39% after earning 180k, before that it's lower, at the start of the year someone earning 200k is paying 10% interest, then they pay 17% for a while, in the last month only will they be paying 39%

>>25673133
Based retard.
The current highest taxable income bracket is like 70k
In what world is 70k wealthy?
This is well overdue faggot and it doesn't mean anything but good news for the average kiwi.
>noo socialist nooo evil cindy
Jacinda is a centrist and so was key
Literally no difference other than who will sell out assets to the chinks first
Bet you live in Auckland anyway, no one cares about that shithole

>>25673133
why not just tax people that own multiple houses?

>>25676044
That works only when everyone follows the rule and that won't happen.

>>25673133
Well yea. That’s what taxation is about. It keeps you from competing with the elites, all of whom have trusts and charitable foundations they use to launder their true wealth.

>>25675247
Rumplestiltskin and Magneto

>>25675591
Jacindas uncle is a big wig in the Mormon church, which means he’s basically cia.

>>25675591
Are you stupid? I never said 70k was wealthy

39% personal tax rate legislation introduced. The Government yesterday introduced, under Parliamentary urgency, legislation for the new 39% personal tax rate on income above $180,000. The new rate will apply from 1 April next year (the 2021-22 income year).

Also Dunners master race

>>25675591
Auckland (and welly) is literally the only redeeming thing about NZ

>>25673133
What the fuck.
I thought NZ had low taxes?
Isn't capital gains taxes literally 0 % (with some exceptions)?

New Z land? isn't that where the britbongs used to send all the retards/criminals to clean their country?

>>25673133
Hey look at the bright side, I was 100% committed to moving to Wellington from Burgerland after the pandemic and now I’ll never set foot in your country beyond a two week trip when I’m old.

>>25673133

Its so expensive to live here, lads, when you're a poorfag
Place is v nice, but a lot of leftcucks

>>25678422
Wellington is cool as fuck. But god damn is it expensive. $300/week rent

>>25678479
>e a poorfag
>Place is v nice, but a lot of leftcucks

Too many tree hugging hippies

>>25673133
Honk

All I want is to own my own house, with no debt

The dream, boys

What’s stopping you from cashing out on binance into used and moving that to a metamask wallet and holding? Can be done without icy so they’d never know it was you.

>>25676254
Then foreclose their homes.

>>25678568
lol

>>25673133
Bro im fucking craving for kiwi's. Fuck you

>>25673133
Then move to the US and see how much you like it, you'll be dying to move back to that shithole island

>>25676929
Then you would agree that 180k is more deserving of a higher tax rate than 70k.
To those who fair higher taxes, I'm not going to tell you their great, but having left in "socialist" Europe, it's really remarkable what a smart, functioning society can do with their money.
Unfortunately NZ will just give most of that money to the islands and maybe some tribal payments

>>25676044
they wanted to but boomer landlords would vote them out

>>25677321
capital gains on houses is zero, but I'm pretty sure crypto comes under income tax

>>25673133
Why are billionaires building bunkers in NZ then?

So, all I have to do is make sure I don't go over 180k when I cash out?
Easy enough.

>>25680493
they're not, I'm pretty sure that was just anti-Trump propaganda. Jacinda is seen as the opposite of Trump (even though her policies are similar if not more right wing) so they keep saying she's so wonderful to make Trump look bad. Very silly

>>25680552
Soon we will be able to buy houses with crypto and not disclose how much we spent, so no need to cash out

>>25680493
They really aren't, it's a reddit meme that NZ is some kinda safehaven for leftist redditors but people are fucking bogans outside of central urban areas
It's only a safehaven for landlords and make no mistake, the white boomers here are the primary culprit behind the worst housing market in the world, not the chinese like they want you to think