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Ryan Bridge: Land and inheritance taxes incoming?! · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Everything in this election has just been turned on its
• 0:02
  Speaker 1: head in twenty four hours for three reasons, and it's
• 0:05
  Speaker 1: not because of national Firstly, yesterday Chris Hopkins was asked
• 0:10
  Speaker 1: if he would do a deal with TOP and how
• 0:13
  Speaker 1: he would do a deal with TOP. What are the caveats,
• 0:16
  Speaker 1: what are the parameters. So what he went on to
• 0:18
  Speaker 1: say is that they were the Labor Party were quote
• 0:24
  Speaker 1: going to do whatever and going to listen to the
• 0:30
  Speaker 1: voters on Top. Now that is a very different thing
• 0:34
  Speaker 1: to what he has said previously. Top is looking more
• 0:37
  Speaker 1: and more likely to get into Parliament and could hold
• 0:41
  Speaker 1: the balance of power. Luxeon well wounded, will not face
• 0:44
  Speaker 1: another keup now that his detractors would basically couldn't organize
• 0:49
  Speaker 1: a piss up in a brewery and couldn't get themselves
• 0:51
  Speaker 1: on into a single ticket to top of the boss.
• 0:54
  Speaker 1: In this case, the old saying is tipped on its head.
• 0:57
  Speaker 1: For me once, shame on me, For me twice, shame
• 0:59
  Speaker 1: on you. There are no third chances for a coup
• 1:03
  Speaker 1: pre election, which brings us to the state of play.
• 1:06
  Speaker 1: This election is going to be fought one and lost
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  Speaker 1: on one issue, and that's tax. For Hipkins to woo
• 1:13
  Speaker 1: the Greens to party Marti and opportunity. They will need
• 1:17
  Speaker 1: to move on tax. Chloe Q Laywong and Debbie are
• 1:21
  Speaker 1: loading the gun, cocking it and wanting to fire on
• 1:23
  Speaker 1: Kiwii households on tax? So which taxes I went to
• 1:27
  Speaker 1: tops calculated this morning? For the land tax. If you're
• 1:31
  Speaker 1: a single, divorced mum with a house from your settlement,
• 1:34
  Speaker 1: maybe with your ex husband worth two million bucks, which is,
• 1:36
  Speaker 1: let's be honest, not much in Auckland these days, or
• 1:39
  Speaker 1: the Deep South, you'll be paying an extra four hundred
• 1:42
  Speaker 1: and fifty six dollars a week in tax. That's if
• 1:47
  Speaker 1: you're on one hundred k a year salary. That includes
• 1:50
  Speaker 1: thirty five thousand dollars a year in land taxes. If
• 1:54
  Speaker 1: you're a couple with kids living in Beachland's in Auckland,
• 1:57
  Speaker 1: you'll be paying an extra thirty bucks a week in taxes,
• 2:01
  Speaker 1: including twenty four thousand dollars in property taxes. That's before
• 2:05
  Speaker 1: you've factored in taxes on farmland, an effective inheritance tax,
• 2:09
  Speaker 1: labour's capital gains tax. I mean you can throw the
• 2:12
  Speaker 1: kitchen sink at this when you add them all together.
• 2:16
  Speaker 1: The fact we don't know how these four blocks parties
• 2:18
  Speaker 1: will actually spend that money, Well, it's messier than a
• 2:22
  Speaker 1: national coup. For more from Early Edition with Ryan Bridge,
• 2:26
  Speaker 1: Listen live to News Talk Set B from five am weekdays,
• 2:29
  Speaker 1: or follow the podcast on iHeartRadio