The Great Tax Robbery
The Great Tax Robbery
If you are able to save from your salary or wages you are being robbed – not by the banks but by the government.
Once you have, say, $1000 saved you may prefer to risk it on the share market but until you do the following happens (using current BNZ rates as it is our biggest bank but use your own figures, it does not change the story):
$1000 invested at 2.6% for 12 months gains $26 interest. Tax (at 30%) takes $7.80 leaving a new total of $1018.20 which ‘looks like’ profit of $18.20 BUT IS NOT.
With inflation (around) 2% though the real value, the purchasing power, of your original $1000 PLUS that interest (1018.20 x 0.98) is now only $997.84
Your $1000 (in terms of what it can buy) has lost money and the Government has taxed your losses – this only happens to savers, generally working people and the retired, not rich investors.
Robbery.
🌿 n8tidy – Week #5 Garden Clean-Up Giveaway!
Comment “I’m in!” to enter – Winner drawn each Wednesday
Hi neighbours! 👋
Welcome to Week 5 of our new community giveaway!
One lucky neighbour will win 1 hour of free gardening/yard clean-up from n8tidy this week.
How to participate
💬 Comment “I’m in!” below to enter
📅 Entries close Wednesday at 6 pm
🎲 Draw will take place Wednesday evening
5️⃣ Minimum 5 participants required
🙅 Current n8tidy customers cannot participate
🔄 You can join again every week!
What you can use your free hour for
- Weed removal
- Edging & trimming
- Light pruning
- Lawn/Garden tidy-up
No green waste collection
The winner will be contacted directly to arrange their free clean-up hour.
Good luck everyone — and thanks for supporting local! 🌿😊
Fred - n8tidy
www.n8tidy.co.nz...
Neighbourhood Challenge: Who Can Crack This One? ⛓️💥❔
What has a head but no brain?
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
Want to stop seeing these in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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76.5% Yes! It's better to regift what I don't need
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23.5% No. It's the thought and effort that matters
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