I reckon the income that professional sports people living in NZ make from playing sport should be taxed at 10%.
They would have to belong to a recognised professional sports organisation but that can't be any harder to define than defining what a charity is.
This might help the All Blacks keep their players, would help the lowly paid netballers and give us and the Warriors an advantage over our salary capped Aussie counterparts. Plus a reasonable number of individual sportspeople would be better off.
Good for NZ sports and wouldn't cost the country that much.
They would have to belong to a recognised professional sports organisation but that can't be any harder to define than defining what a charity is.
This might help the All Blacks keep their players, would help the lowly paid netballers and give us and the Warriors an advantage over our salary capped Aussie counterparts. Plus a reasonable number of individual sportspeople would be better off.
Good for NZ sports and wouldn't cost the country that much.
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Why should sports people, who already on average get paid well above the national average, get taxed less than other people? I can't see one reason why that should happen to sports people as opposed to say, doctors, who are far more valuable.
Normo's coming home
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Can't see the logic of taxing people who earn more less than the average wage earner? doesn't that just make the rich richer and the rest of us poorer??? Sounds like a National policy to me!!!
theprof2008-08-20 08:56:09Queenslander 3x a year.
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I can understand the Doctor arguement they certainly deserve to be better paid for what they do, well most of them do.
But Doctors are paid, if not directly, by the government, reducing their tax in time will just be gobbled up by the government with no long term benefit to either side.
And considering the relatively small reduction in tax take I can't see this causing the poor to become poorer.
And it is not only the sportsperson that would get the benefit from a reduced tax rate, their organisations over time would benefit by not having to pay out as much.
Finally, I would like to think this idea is too original to be confused with a National party policy.
And also finally, excise tax that brewers have to pay on brews they make but never sell, (experimental brews for example) should not have to be paid; it limits innovation and increases the price for those of us that prefer something a bit tastier than Tui.
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Err, try "We Won, You Lost, Eat That!", by Paul Goldsmith, David Ling Publishing, Auckland, 2008.
History of NZers winning elections and sticking taxes on people they don't like. e.g. The Bachelors' Tax 1933 and the Envy Tax 2000.
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