Forum Archive Index - February 2002

["DR" <kat47@bigfoot.com>]

Hi Snoopy,

Gotcha! This type of topic is always like a good burley bag.

Lots of nice smelly/tasty morsels and no hooks.

However nice to see a well thought out reply.

While we are getting away from the Cullen idea, my one (however unworkable) is for there to be a "notional income" from all assets equal to the equivalent Govt stock rate. That is the income that would be taxed.

Not a tax on the asset but a tax on its notional income.

End of story.

 

Your other points:

a. Presumably your Remuera resident (i don't know any) has already paid tax on the money used to hire the Huka Lodge.

b. My use of "beneficiaries" refers to the Myers of this world and not to your average Superannuitant.

D.