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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (19590)	6/14/2007 6:16:44 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 217570

TJ, in my arithmetic, messing around with exchange rates, I got this wrong: <They have enjoyed a tax-free capital gain of US$350,000. In those 7 years, they would have been earning about $50,000 a year [before tax] [if they were fairly well paid]. It's nice to earn, tax free, the same as one's actual salary.> NZ$50,000 a year in US$ was something like US$30,000 so in fact the average sort of Kiwi enjoyed a capital gain [on paper as they still have a house and not actual US$] in US$ of about double their pre-tax salary. Which is much better than working for the last 7 years. As you say, people are being set up. Mqurice