Black Kirrama

: DONT Vote Labour : Hickman /Brendon Lindsay wont

90 posts in this topic

2 hours ago, Midget said:

I can't do fillies who walk toe out anyway, but if you could muster enough testosterone to throw a leg over Taxcinda it'd be fun wouldn't it, finding a safe way around those incisors. 

A stick mans nightmare, if she latched on to it

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5 hours ago, Midget said:

I can't do fillies who walk toe out anyway, but if you could muster enough testosterone to throw a leg over Taxcinda it'd be fun wouldn't it, finding a safe way around those incisors. 

You wouldn't reach them so don't worry! Mind you, the top of your head could be in danger!

Trying to picture it makes me think that it would be a bit like when the stallion mounts the mare and grabs her by the mane, only the other way around!

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24 minutes ago, Insider said:

You wouldn't reach them so don't worry! Mind you, the top of your head could be in danger!

Trying to picture it makes me think that it would be a bit like when the stallion mounts the mare and grabs her by the mane, only the other way around!

Are you saying she'd do to me what her tax policies are going to do to the NZ economy ?

If that's your point I hope she uses plenty of lube.

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Are you guys serious? I'm not an avid fan of any party at the moment but how the hell can you vote for a bunch of socialists that are all about amending every potential taxation process by placing that outcome into the hands of 5 people we know nothing about? What I can't understand is that farmers are on their arses. Their animals drink water. All of our horses drink water. That's going to get taxed. Then we buy a horse and it wins races and it has a sale price for a bit more money than it was bought for...we pay capital gains tax. Then we buy a mare, pay for water tax to keep it, breed it to a stallion share that we bought when the stallion was a cheapy but comes good...we pay tax on the capital gains of the share, we then pay for the cost of progeny and sell it and pay tax, and the mare produces a good progeny and the value of the mare goes up...and we pay tax....and all the way through we pay tax because we've got a piece of land that's bigger than a house....so we get into a car and drive to the races....and we pay 10c extra in tax to get there

That's not scare mongering...it's what the women with excessive teeth has been selling in order to get voted in. Tell me I haven't got it wrong....

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The story you have posted about the mare making good is exactly as it is now. You pay tax on the difference of the "new value if you sell" if it's part of your taxable activity!

At the moment the landlord in Auckland who has had rentals as part of his taxable activity doesn't pay tax when he sells them after a couple of years in a rapidly rising market. 

Both through a bit of luck have made a very quick killing!

Why should a  "breeder" pay tax on a capital gain (as it is now) and a landlord not? (As it is now)???!

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1 hour ago, Berri said:

Are you guys serious? I'm not an avid fan of any party at the moment but how the hell can you vote for a bunch of socialists that are all about amending every potential taxation process by placing that outcome into the hands of 5 people we know nothing about? What I can't understand is that farmers are on their arses. Their animals drink water. All of our horses drink water. That's going to get taxed. Then we buy a horse and it wins races and it has a sale price for a bit more money than it was bought for...we pay capital gains tax. Then we buy a mare, pay for water tax to keep it, breed it to a stallion share that we bought when the stallion was a cheapy but comes good...we pay tax on the capital gains of the share, we then pay for the cost of progeny and sell it and pay tax, and the mare produces a good progeny and the value of the mare goes up...and we pay tax....and all the way through we pay tax because we've got a piece of land that's bigger than a house....so we get into a car and drive to the races....and we pay 10c extra in tax to get there

That's not scare mongering...it's what the women with excessive teeth has been selling in order to get voted in. Tell me I haven't got it wrong....

Yet National have added 18 taxes over their three terms and that's fine 

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14 hours ago, Blue said:

Sorry, can't agree on this one. There's no 'Party' there's only Winston. Racing Policy? What is a policy? A policy is nothing more than a theory, a hope, an idea which the proponent would LIKE to see happen IF they became part of the Government. If Winz is part of Government he'll be a little fish in a big pool so no guarantees there especially if Labour gets in. Remember he lost his Tauranga seat two elections ago. What's he done for racing? He confirmed pokie money into racing was legit but then Internal Affairs put the frighteners on the trusts so racing gets bugger all. On his resignation the press called Peter Dunne the ultimate party-hopper and fence-sitter. That's exactly what Winston is only Dunne did it better aligning himself with Government for the past dozen years where Winston has wallowed in opposition. As someone else said, a vote for Winston will be a vote against National and if Labour gets in racing will be well down the food chain.

 Just MHO.

How is Comrade Taxcinda or Comrade English better for Racing than Winston, who now has a lot of good new candidates are with NZ FIRST?

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8 hours ago, Insider said:

The story you have posted about the mare making good is exactly as it is now. You pay tax on the difference of the "new value if you sell" if it's part of your taxable activity!

At the moment the landlord in Auckland who has had rentals as part of his taxable activity doesn't pay tax when he sells them after a couple of years in a rapidly rising market. 

Both through a bit of luck have made a very quick killing!

Why should a  "breeder" pay tax on a capital gain (as it is now) and a landlord not? (As it is now)???!

You have a point there. So if you have a mare that you've bred as a hobby, and she comes good, you're happy to be taxed?

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7 hours ago, mckenzie said:

Yet National have added 18 taxes over their three terms and that's fine 

It's not that taxes are to be charged, although I think that the public service industries have to be more efficient, its that uncertainty placed in the hands of a comrade socialist is a red flag. You guys looked at what Taxcinda has ben saying for the past 10 years? Some of it is scary

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10 hours ago, Berri said:

Are you guys serious? I'm not an avid fan of any party at the moment but how the hell can you vote for a bunch of socialists that are all about amending every potential taxation process by placing that outcome into the hands of 5 people we know nothing about? What I can't understand is that farmers are on their arses. Their animals drink water. All of our horses drink water. That's going to get taxed. Then we buy a horse and it wins races and it has a sale price for a bit more money than it was bought for...we pay capital gains tax. Then we buy a mare, pay for water tax to keep it, breed it to a stallion share that we bought when the stallion was a cheapy but comes good...we pay tax on the capital gains of the share, we then pay for the cost of progeny and sell it and pay tax, and the mare produces a good progeny and the value of the mare goes up...and we pay tax....and all the way through we pay tax because we've got a piece of land that's bigger than a house....so we get into a car and drive to the races....and we pay 10c extra in tax to get there

That's not scare mongering...it's what the women with excessive teeth has been selling in order to get voted in. Tell me I haven't got it wrong....

        Berri,

One aspect which I would be fairly confident wouldn't happen is that under current rules applied across shares in New Zealand, there is no tax to be paid on capital gains made on NZ listed companies.  If they were to charge a capital gains tax on shares in horses, then surely the same principal would have to be applied in shares in general?  Which if so, would just never happen, and if this was even remotely possible, those saving, putting money aside for their retirement should stay well clear of Labour.

 

I agree entirely with you, it is bizarre and how anyone can take Labour seriously when no one has any clue what measures the plan to take regarding taxation.  Its like vote for me, ill tell you what we are going to do later.

What if you parents pass away, and between siblings you have to sell the family home, will they charge a inheritance tax?  Not even a hint at what they have in mind as far as percentage of tax changed, is it going to match current tax regimes applied like in other investments in New Zealand.

 

Far to many unknowns

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1 hour ago, Berri said:

You have a point there. So if you have a mare that you've bred as a hobby, and she comes good, you're happy to be taxed?

It wont be taxed if it's a hobby.

It will only apply to taxable activities I am lead to believe, otherwise how could they police it. 

 

 

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1 hour ago, Varro said:

        Berri,

One aspect which I would be fairly confident wouldn't happen is that under current rules applied across shares in New Zealand, there is no tax to be paid on capital gains made on NZ listed companies.  If they were to charge a capital gains tax on shares in horses, then surely the same principal would have to be applied in shares in general?  Which if so, would just never happen, and if this was even remotely possible, those saving, putting money aside for their retirement should stay well clear of Labour.

 

I agree entirely with you, it is bizarre and how anyone can take Labour seriously when no one has any clue what measures the plan to take regarding taxation.  Its like vote for me, ill tell you what we are going to do later.

What if you parents pass away, and between siblings you have to sell the family home, will they charge a inheritance tax?  Not even a hint at what they have in mind as far as percentage of tax changed, is it going to match current tax regimes applied like in other investments in New Zealand.

 

Far to many unknowns

It is pretty clear it(capital gains) will be on shares all right.  And the holiday home and the hobby broodmare for that matter.  Other than the family home it will be on everything including the business.

I am one myself but I bet the Accountants are rubbing their hands together(I am not because the idea gives me the s#*ts).  The tills will be ringing shortly should Taxinda have the bosses job come Sept 24. 

I really think professionals love complicated laws being put in place (like the Resource Management Act for instance) - great way to generate fees.  And further in situations like legal scraps it is in their interests to have the client continue to argue so the fees continue to mount.  Seen it a million times especially in Marriage or relationship breakdown situations. 

Mind you we are producing so many lawyers through the Varsities - many of whom are battling to find employment - we will need something to occupy their time

 

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9 minutes ago, TOM(the other Molloy) said:

It is pretty clear it(capital gains) will be on shares all right.  And the holiday home and the hobby broodmare for that matter.  Other than the family home it will be on everything including the business.

I am one myself but I bet the Accountants are rubbing their hands together(I am not because the idea gives me the s#*ts).  The tills will be ringing shortly should Taxinda have the bosses job come Sept 24. 

I really think professionals love complicated laws being put in place (like the Resource Management Act for instance) - great way to generate fees.  And further in situations like legal scraps it is in their interests to have the client continue to argue so the fees continue to mount.  Seen it a million times especially in Marriage or relationship breakdown situations. 

Mind you we are producing so many lawyers through the Varsities - many of whom are battling to find employment - we will need something to occupy their time

 

Dead right Tom - would be great for my business, and bad for most of my clients - share your view I don't want it.

For those speculating whether it wouldn't apply to hobbies and would  only catch "taxable activities" (that's a GST term Insider -  perhaps business would be a better one in this context) - well how would you know when Labour are campaigning on the basis they will think about CGT and other tax changes after the election. So no detail. No parameters other than family home. I would bet it would apply to the broodmare/racehorse etc no matter what....

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On 9/12/2017 at 4:15 AM, Midget said:

Remind yourself and read Melanie Reid's Newsroom article about the illegal goings on in the Barclay affair by Glenda Hughes . No Integrity in the National Party.NZ First have always done better than our fake infantile media tell us.Look at the way they are trying to take control of the Industry from us for loonies like Nathan Guy John Allen [telling us we don't have a say in who is on the member's counsel] now about to stack the board with sports people not racing.I think we owe our votes to Winston to try and change things. 

Fully agree Midget with NZF,only consistent party caring about NZ'ers.

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58 minutes ago, Brown Fox said:

Relax Guys.Jacinda has backed down and said Taxes will not be reviewed till after the 2020 elections.(www.nz Herald)Breaking news

What now then for the people who voted early for or against Labour based on this policy.

They are screwed and should demand a revote based on this massive surrender.Early voters have been shafted big time.

They obviously can no longer be trusted .

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