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Another bonanza for government
To carry on from my last letter ‘Government gets money too easily’ ( e Weekend Sun, February 17), it should be noted that governments sometimes get up to other ‘tricks’. In the 1970s wage-earners paid no tax on their deductions for the equivalent of Kiwisaver contributions and the employer contribution was tax-free to the employee.
Now employee
Kiwisaver deductions are fully taxed and the employer subsidy is taxed at the employee’s highest rate, diverted at source. In other words – of your total Kiwisaver funding the Government grabs about 25 per cent to 33 per cent straight away. So Kiwisaver, too, is a bonanza for Government.
Further, if a Capital Gains Tax is implemented, as threated, it will hit most Kiwisaver funds hard.
Bill Capamagian, Tauranga City.
The biggest scourge on NZ is ageism
Re: Patricia Wilson’s letter ‘Total Arrogance and disrespect’ ( e Sun, February 17). Good on you Patricia – not only is Hunter Wells totally arrogant, he is also ageist!
e biggest scourge on this country is not racism but ageism!
To say he doesn’t apportion any credit for building our roads,