Alliance Party Taxation Policy
Preamble
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Under the neo-liberal policies of successive Labour and National Governments, taxes were cut for the wealthiest people in our society, increasing the gap between rich and poor.
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The Alliance support a progressive taxation system where people on high incomes and businesses with large profits pay more, while those on low incomes pay less.
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Flat taxes such as GST hit those on low or fixed incomes the hardest. A fairer system would be a tax on financial transactions. This would also dampen down speculation on the financial markets.
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A fair tax system based on the ability to pay would also provide revenue to fully fund public services. All New Zealanders would benefit from free education, free health care, and a more stable, secure society.
We stand for the following policies:
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Introduction of a more progressive income tax regime with tax cuts for the majority of New Zealanders and increased taxes for those on higher incomes.
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Tax cuts for those on low incomes: Under the Alliance tax policy 74% of taxpayers would pay less income tax.
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First $10 000 tax free.
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Elimination of flat taxes such as GST. Immediate elimination of GST on food.
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“KiwiCare” health tax, whereby 1.3% of total taxable income be treated as dedicated to health.
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Introduction of financial transactions tax (FTT) at the low rate of 2 cents per $100, to be charged on withdrawals only, not deposits.
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Introduction of capital gains tax. Inheritance tax on amounts over $500 000, at 20 cents in the dollar.
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Increasing taxes on casinos to Australian levels.
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Carbon taxes to encourage efficient and renewable energy use.
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Investment in our country’s future: The healthy government surpluses of recent years mean there is money to invest in free education in out schools and in public tertiary education.
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Restoring the land tax abolished in 1992. Exemptions would be made for residential land (private homes), farmland, Crown’s Conservation estate, and Maori Customary land. Small businesses would fall below the threshold.
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Save Our Sovereignty
Is a simple enough campaign
Bailing Out Banks is bullshit
Reflecting how fraudulent philosophies fomented by free to fail freemarketeers
Are ideologically inane.
If gamblers don’t lose money
In a deregulated stockmarket
As they can rely on a taxpayer bailouts
When Ratings Agencies downgrades
Lift interest rates
Seeing a series of defaults devouring the
Taxpayers balance sheet
Isn’t difficult to figure out.
Repeal the bailout legislation and you’ll
Just about have my vote
Returning interest free capital creation to the people is essential if the property ponzi popping is to be written down
California is reviewing such a policy
As COMPREHENSIVE land site values
Are Economic foundations which are sound.
Tomorrows Schools have been around the corner for 20 years and yet
We have eight years old
Who are having issues
Fulfilling their first Phd in
Quantum epistemology,
something to do with no books at home
When most of a households wages evaporate
Simply to pay for the roof
Of-course priorities will be skewed
Expensive housing makes for internationally expensive labour
making unemployment a consequence of tax policies unreviewed.
Land is the foundation of society and wealth
Yet Inland Revenue taxes everything but
Allowing speculators to free lunch profit from infrastructure improvement which comes from taxpayers pay allowing inequality
To prosper everyday.
Tax the family home,
It’s not as scary as it sounds
Those who won’t are scared of backlash from an inadequately informed electorate
Yet it’s a politicians job to advocate policies
Iin the face of ideologically inane individuals
In the employ of Transnational financial cartels desperate to acquire
Assets providing dividends
The way out of popping property ponzi’s is to writeoff/ down the debt to post bubble size even if such a move upset$ balance sheets
Of those whose choice to lend was unwise.
Save Our Sovereignty- stop
Bailing Out the Banks
Implement a coherent land tax policy
And from the electorate you’ll find thanks.
http://www.huffingtonpost.com/ellen-brown/california-state-owned-bank_b_964385.html
http://michael-hudson.com/2011/08/the-state-and-local-budget-crisis/
http://michael-hudson.com/2011/08/russia-reversing-economic-polarization-and-poverty/
Steve Keen on debt and the economy:-
http://www.youtube.com/watch?v=E0YC2PLnWRA
http://michael-hudson.com/2011/01/why-america-had-a-90-income-tax/
Post quake a land tax would regulate those who speculate in subsequent land value appreciation
Helping those stuck in an unfortunate situation
Post Pikes river a resource tax on coal would deliver income to ensure safety is paramount
http://www.huffingtonpost.com/ellen-brown/escaping-the-sovereign-de_b_669564.html
I really like these tax policies, as I like nearly all of your policies. They are more left but fairer. Particularly I like your capital gains and land tax policy – something has to be done to stem the disproportionately swelling property market. I would like you to also introduce a policy to stop rapacious residential property investors from claiming so many tax rebates. But I’m curious for your reasons for bringing back an inheritance tax. I don’t disagree with it but all it does it make the rich hide all their wealth in trusts.