There should be a mortgage tax ?
On average, everyone strongly disagrees with nonconsensus between 43 voters.
Please read the comments from other voters below, then scroll down make your decision. Do you agree or disagree with the following statement?
There should be a mortgage tax
Reasons To Disagree
This will only make it harder for fisrt home buyers. New Zealanders already pay to much tax!
5 May 2007
we should receive tax deductions for being on flexi-rate mortgages, alowing the reserve bank better real time influence
16 December 2007
Yeah right - plus taxes on sex, breathing and anything else you can think of. What the HELL do we need more taxes for? There's enough of 'em!
17 February 2008
What is the New Zealand family going to live on? we have a "tax mad" government as it is, do you relise that nearly seventy - five percent of your incime is swallowed up in taxation of one kind or another. try starting with a figure of say $1000 then subtract the taxation percentage levels in order in which they are applied, don,t forget such things as petrol tax and "inescapable" local body taxes. see what is left for your disposable income. The answer will shock you.
15 April 2010
Reasons To Agree
Although when i first heard about this i thought it was a stupid idea, i later realised it wasn't. If Alan Bollard can with a few words increase the interest rates by 1 percentage point, he puts the same dent in everyones interest bills as if it were a mortgage tax. So both measures hurt the poor the same. However a tax does not make foreign investment more desireable, and it does not artificially raise our exchange rates, which is bad for our exporters and bad for our trading deficit. A tax also raises a source of revenue for the country that can be spent on subsidising first home buyers. Where as interest rate hikes just ships our money off shore. A mortgate tax would be good simple economic lever that would ensure that government can control money supply, while ensureing we don't loose our jobs and find we have $100 more to pay a week on our mortgage.
26 April 2007
Depends how it is managed...
28 October 2007
Reasons for Remain Neutral
This question is poorly written and difficult to agree or disagree with. If people have more than one mortgage it should become more and more expensive the more homes you own or have on mortgage
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