2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.31

+0.6%

Nov 7 4:00 PM EST

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To: Maurice Winn who wrote (6214)	5/10/2006 7:53:57 AM
From: Moominoid	Read Replies (1) of 217629

Don't you have a capital gains tax in NZ? I am referring to the comment "is designed to fail and will be replaced by..." in the article. Aus taxes short-term realized gains at the regular marginal rate and long-term gains (one year) at half the marginal rate. For those earning more than $A150k these will now be 45% and 22.5%. These are similar to the rates applying in high tax US states plus minus a percentage point or two - the latter for most taxpayers and the former for very high income earners. The rates below that are 40% and 20%, and 30% and 15%... So for typical middle class income earners Aus is not very competitive compared to the US for short-term capital gains (MA is the worst in the US and taxes these gains 12% on top of the Fed rate - but low 30s would be a more normal total (Fed and State)) and reasonable for long-term. It is very competitive on dividend taxation... Aus also has (or at least used to) have something called FIF which is rather horrendous: ato.gov.au Applies to foreign mutual funds etc. I've never dug deep into it as when I lived in Aus it didn't apply to me but it might end up taxing unrealized gains in foreign mutual funds but not Australian ones. It doesn't apply though to individual stocks.

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