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Warhog
14-09-2010, 08:20 PM
Apologies, but I need to finish an economics assignment for school so need to ask some pretty generic question regarding tax and spending habits. I'm be very grateful if you could all answer.


1) Are you aware of the coming changes in income and general sales tax?

2) Do you think you will better or worse off?
If no, why?

3) How often do you rent DVDs?

4) How will tax changes affect the number of DVDs you rent?

5) How often do you go to the movies?

6) How will tax changes affect how often you go to the movies?


Thank you!

johcar
14-09-2010, 08:48 PM
1. Yes
2. No - everything will cost more
3. Almost never
4. Not at all
5. 3 - 4 times a year
6. It won't increase the frequency!

nofam
14-09-2010, 08:54 PM
1. Yes
2. Probably slightly worse off. GST is a tax on consumption, and I'm renovating my house, so will be spending more than I normally would.
3. Never
4. Not at all
5. 5 - 10 times a year
6. Not at all

:)

Snorkbox
14-09-2010, 09:09 PM
1) Are you aware of the coming changes in income and general sales tax?
Yes.
2) Do you think you will better or worse off?
Worse off as GST will affect the price of everything.
3) How often do you rent DVDs?
Never
4) How will tax changes affect the number of DVDs you rent?
Not applicable.
5) How often do you go to the movies?
The last time I went was in 1982.
6) How will tax changes affect how often you go to the movies?
It won't.

xyz823
14-09-2010, 09:45 PM
1) Yes
2) Worse off because everything costs more and although everyone is getting a drop in income tax... I get most of my tax back anyway.
3) Never
4) It won't
5) Hardly ever
6) It won't, I'll still tell them im 15 and pay for a child's ticket (unless its an R16)

somebody
14-09-2010, 10:13 PM
1) Yes
2) Slightly better off overall
3) Regularly (fixed monthly cost for "unlimited" rentals)
4) It won't (+2.5% is negligible in the scheme of things)
5) Rarely
6) It won't (+2.5% is negligible in the scheme of things)

Speedy Gonzales
14-09-2010, 10:15 PM
1. Yes
2. No. As already said, things will cost more
3. I don't. I buy them
4. N/A
5. Hardly ever. Haven't been for at least 20 yrs
6. N/A

Roscoe
15-09-2010, 09:28 AM
1. Yes.
2. Worse off as prices will increase, naturally.
3. Almost never.
4. It won't.
5. 3 or 4 times per year.
6. It won't.

:)

Miami Steve
15-09-2010, 10:41 AM
Hmmmmmm. Shouldn't a student doing an Economics assignment know that there is no General Sales Tax in NZ. Presumably you are referring to Goods and Services Tax. :)

Anyway, to answer your questions....

1. Yes.
2. Worse off - as price rises for utilities (phone/power etc) will rise by more than the increase in net income.
3. Never.
4. Not at all (See 3).
5. On average probably once a year.
6. Not at all.

SoniKalien
15-09-2010, 10:53 AM
1) Are you aware of the coming changes in income and general sales tax?
It's going up. it always goes up.

2) Do you think you will better or worse off?
Worse. Tax is going up.

3) How often do you rent DVDs?
Never

4) How will tax changes affect the number of DVDs you rent?
0 divided by anything is still zero

5) How often do you go to the movies?
Never

6) How will tax changes affect how often you go to the movies?
See #4

sarel
15-09-2010, 11:25 AM
) Are you aware of the coming changes in income and general sales tax?
Yes

2) Do you think you will better or worse off?
Of course worse

3) How often do you rent DVDs?
Never

4) How will tax changes affect the number of DVDs you rent?
Not at all

5) How often do you go to the movies?
Never

6) How will tax changes affect how often you go to the movies?
Not at all

sarel

sarel
15-09-2010, 11:26 AM
I would rather read than watch TV, a DVD, or go to the movies.

sarel

Chilling_Silence
15-09-2010, 11:46 AM
1) Are you aware of the coming changes in income and general sales tax?
2) Do you think you will better or worse off?
3) How often do you rent DVDs?
4) How will tax changes affect the number of DVDs you rent?
5) How often do you go to the movies?
6) How will tax changes affect how often you go to the movies?


1) Yes
2) Better off, encourages saving and buying a home etc
3) Rarely. Once every 2-3 months
4) It won't
5) Once every 1-2 months
6) It won't
It's also worth noting we buy the occasional one or download it from the likes of iTunes. The changes in GST etc won't affect that. It's honestly not worth worrying about.

For most people, adjusting Kiwisaver from 4% -> 2% would be enough to offset things. If you're already on 2%, then good on ya ;)

Warhog
15-09-2010, 12:39 PM
Hmmmmmm. Shouldn't a student doing an Economics assignment know that there is no General Sales Tax in NZ. Presumably you are referring to Goods and Services Tax. :)


You are right, I never stopped to think about it as I was writing my report.

I think I have enough answers from here and elsewhere. Thank you all for taking the time to answer.

Gobe1
15-09-2010, 12:44 PM
1) Yes

2) Worse off?

3) Once per week

4) None

5) 2-4 times per year

6) None

EDIT: sorry didnt read page two till after i posted :)

utopian201
15-09-2010, 05:06 PM
1) Are you aware of the coming changes in income and general sales tax?
Yes
2) Do you think you will better or worse off?
If no, why?
I think I will be better off since I save more than I spend. Now that I think about it, the price of everything will increase, so not really sure.

3) How often do you rent DVDs?
Never

4) How will tax changes affect the number of DVDs you rent?
No effect

5) How often do you go to the movies?
A couple of times a month on average (2/month if you need a number)

6) How will tax changes affect how often you go to the movies?
Probably no effect

DeSade
15-09-2010, 05:25 PM
1) Are you aware of the coming changes in income and general sales tax?
Very much so

2) Do you think you will better or worse off?
If no, why?
No, the GST will eat up any PAYE decrease and then some

3) How often do you rent DVDs?
Never

4) How will tax changes affect the number of DVDs you rent?
Not at all

5) How often do you go to the movies?
2-4 Times a year

6) How will tax changes affect how often you go to the movies?
Not at all

pctek
15-09-2010, 08:00 PM
1) Are you aware of the coming changes in income and general sales tax?

Yes.

2) Do you think you will better or worse off?
If no, why?
Worse. GST eats it all.

3) How often do you rent DVDs?
Never.


4) How will tax changes affect the number of DVDs you rent?

5) How often do you go to the movies?

Never.

6) How will tax changes affect how often you go to the movies?

It won't cause I don't now.

faith1806
20-09-2010, 03:22 PM
haha, i never went to the movies, and my salary is too low that i can not reach the tax standard, so there is no tax affecting on me

inphinity
20-09-2010, 03:37 PM
1) Are you aware of the coming changes in income and general sales tax?
Income tax & Goods & Services Tax changes, yes. As a previous poster pointed out, NZ does not have a General Sales Tax, and you would do well to ensure you realise this for any exams or assignments ;)

2) Do you think you will better or worse off?
If no, why?
Better off. The income tax reduction will increase net income, of course, and I can write off enough purchases as business expenses that the GST rise should not be too significant.

3) How often do you rent DVDs?
Fatso subscription.

4) How will tax changes affect the number of DVDs you rent?
Not at all.

5) How often do you go to the movies?
Rarely.

6) How will tax changes affect how often you go to the movies?
Not at all.

wainuitech
20-09-2010, 05:53 PM
1) Are you aware of the coming changes in income and general sales tax?

yes

2) Do you think you will better or worse off?
If no, why?

Copied Inphinty's :p - as its spot on. Better off. The income tax reduction will increase net income, of course, and I can write off enough purchases as business expenses that the GST rise should not be too significant.

3) How often do you rent DVDs?

Winter = 2-3 times a month - Summer= maybe once a month

4) How will tax changes affect the number of DVDs you rent?

no affect

5) How often do you go to the movies?
3-4 times a year

6) How will tax changes affect how often you go to the movies?
No Affect

R2x1
20-09-2010, 09:21 PM
1 Yes
2 Worse off
(I "no" the Gov't will screw it up simply by tradition established over the last 6,000 years.)
3 Not yet.
4 No likely change here.
5 Approximately 2 or 3 times per annum.
6 Not even minutely.

Cato
20-09-2010, 10:12 PM
1) Are you aware of the coming changes in income and general sales tax?
YES
2) Do you think you will better or worse off?
If no, why?
Worse, same money more expense.
3) How often do you rent DVDs?
Never.
4) How will tax changes affect the number of DVDs you rent?
N/A
5) How often do you go to the movies?
Weekly/Fortnightly
6) How will tax changes affect how often you go to the movies?
Will have to stop, will be hard to afford the same amount of food, let alone entertainment