Latest / The Kākā by Bernard Hickey
‘I don't know what the point of the questioning is.’
Kia ora. Long stories short, here’s my top six things to note in Aotearoa’s political economy around housing, climate and poverty on Tuesday, October 1:
* PM Christopher Luxon has made $460,000 in tax-free income this year from capital gains on the sale of two of his rental properties, almost as much as the $484,200 gross income from his actual job, which he, like other earners of wages, has to pay tax on. Asked about not paying tax on the income from capital gains, he said he didn’t see the point of questions about a capital gains tax as it removed the incentive for wealth creators. 1News
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The skinny
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